“Preventing underage gambling dominated the discussion at Friday morning’s House Financial Services Committee hearing on Internet gambling.
Key witnesses offered conflicting reports on the effectiveness of identity verification measures. Jeff Schmidt, CEO of the identity-verification firm Authis, testified that current technology is inaccurate, failing 20 to 25 percent of the time.
Michael Colopy, Senior Vice President of Communications for another identity-verification firm named Aristotle, disagreed with Schmidt. He said that the technology is maturing, employing a multi-layered approach that is nearly 100-percent reliable.
The conflicting testimony will do little to ease congressional fears about Internet gambling in the U.S., prompting Buffalo State Business Law Professor Joseph Kelly to say that more hard data is necessary for regulation to gain traction…”
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