The Federal Reserve Board has been named in an action to challenge implementation of the Unlawful Internet Gambling Enforcement Act of 2006. The action was filed by the Interactive Media Entertainment and Gaming Association, Inc. in June of 2007, and is tentatively scheduled to be heard in September.

While not much may come of the hearing — surely, the law will not overturned — at least we may get some clarification on the law and how it will be enforced.