Latest Issue

Inefficient markets

Millions of Americans want to gamble over the internet—so why is the Senate trying to stop them? Plus, why it is too early to write off Europe's Airbus project

By Michael Prest   November 2006

Bringing back prohibition

Is prohibition returning to America? At the end of September, the US Senate ambushed online gambling companies, investors and the punters when it passed a bill designed to suppress such gambling across the US. Share prices collapsed and several of the biggest internet gambling quoted companies, such as PartyGaming and 888, are pulling out of the US. The move raises fundamental questions about free trade and to what extent internet commerce really is borderless. Online gambling is legal in Britain, which has ambitions to be the centre of the industry, and several companies, such as World Gaming,…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect