Here's a good article on the fallacies of the new internet gambling law. The main point within that has not been focused on much elsewhere is the incentive created by this law. Before the law, people had no problem using relatively transparent eWallets like Neteller. Now there will be incentive for people to come up with much safer, much more private means to transmit funds online. Schemes that could, potentially, be used by terrorists where before they would not have such a private avenue.

This is an example of the problems inherent in regulation. For every good intention, there are ten far worse unintended consequences.