WASHINGTON - A bill that would prohibit the use of credit cards and other bank-issued payment instruments to pay for or collect winnings from Internet gambling was introduced in the House Wednesday.

Reps James A. Leach, R-Iowa; John J. LaFalce, D-N.Y.; and Richard H. Baker, R-La., characterized the bill they are co-sponsoring as a way to protect people from an especially addictive form of gambling. "While gambling may be a source of recreation for millions of Americans, gambling on the Internet can be particularly destructive to families and an especially easy way for young people to lose extraordinary amounts of money," said Rep. Leach, chairman of the Housing Banking Committee.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.