The EU has called out the United States on its' 'gambling ban'. While the UIGEA does not specifically ban online gambling, it does make transferring money to and from a betting service much more difficult. What the EU is talking about here is the ban on foreign companies being able to operate in America.

The EU says it could seek compensation from the World Trade Organization because the 2006 ban unfairly prevents foreign Internet gambling sites from operating in the United States.

But it said it would hold off launching legal action until it had the chance to negotiate a solution with President Barack Obama's administration -- another sign of a thaw in EU-U.S. relations since President George W. Bush left office.

The European Commission said the U.S. ban shut out gambling sites such as Britain's PartyGaming PLC and Sportingbet PLC from the lucrative $4 billion U.S. market, causing companies to lose revenue and stock market value.

And now we wait to see how the new administration in Washington responds to the Europeans.