Little poverty-stricken Antigua passed a law to regulate legal internet gambling as a major industry. They hired a career Treasury Dept lawyer to write their laws to exclude any possibility of fraud or money laundering. They made the best statutory regime that money could buy.
Meanwhile NYS Atty General Eliot Spitzer put out a decree that no bank with a NYS branch could send funds overseas by Visa, MasterCard, DiscoverCard, or AmEX for the purpose of "gaming." A direct veto over the plans and policy of a sovereign foreign nation, a strong ally of America.
Without blinking an Eye, NYS at the time operated the biggest Offtrack Betting racket West of Ireland. Did THEY accept credit cards? No matter the federal Wire Act forbi