Cohen conviction upheld

A federal appeals court has upheld the conviction of former World Sports Exchange president Jay Cohen under the federal Wire Act, IBLS Internet Law reports.

The ruling supports the Department of Justice's long-standing position that the Wire Act applies in Internet gambling. Gambling considered unlawful by the United States was previous possible on the Internet due to loopholes in enforcement. UIGEA aims to close some of those loopholes by obliging financial institutions to block transfers to online casinos.