Despite a request by House Financial Services Committee Chairman Barney Frank, the Treasury Department and the Federal Reserve Board issued a final rule Wednesday requiring financial institutions to make efforts to block Internet gambling.

The rule stems from the Unlawful Internet Gambling Enforcement Act of 2006. It generally covers any "bet or wager that involves use of the Internet and that is unlawful under any applicable federal or state law in the jurisdiction where the bet or wager is initiated, received, or otherwise made," the Treasury and the Fed said.

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