Since being passed in 2006, the “enforcement” part of the Unlawful Internet Gambling Enforcement Act has been lacking, but that likely changed on Wednesday.

The United States Department of Treasury and the Federal Reserve Bank announced new regulations for banks and other financial institutions that requires them to block transactions between customers and illegal Internet gambling sites. The 120-page document was released Wednesday.

Pari-mutuel wagering on horse racing is one of the few exceptions in the Internet gambling ban
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