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NEW YORK, Nov 12 (Reuters) - The U.S. Federal Reserve and Treasury Department on Wednesday gave banks and other payment services companies one year to clamp down on the illegal transfer of funds to internet gambling sites. The move is the result of the Unlawful Internet Gambling Enforcement Act of 2006, which cleared away any doubt that online gambling is illegal in the United States by making .
Stories have surfaced about a star on the Florida basketball team being involved in online gambling. The university has investigated the issue and has decided guard Nick Calathes has done nothing wrong. The player himself has admitted that he has .
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