Prompted by the news that federal agencies have agreed to postpone the implementation of the UIGEA for six months, the Windy City Rounder blog provided its reasons for regulation rather than prohibition this week.
Dealing with everything from excessive state paternalism to international relationships and tax revenues, the piece is well worth a read.
http://www.chicagonow.com/blogs/windy-city-rounder/2009/12/10-reasons-not-to-ban-online-gambling.html