The online gambling ban was already through the House and was just passed in the Senate. This bill is expected to be signed as early as Wednesday. It is certainly bad news for the online gaming industry.
(Dead link: http://money.cnn.com/2006/10/02/news/international/gaming_congress.reut/index.htm?postversion=2006100207)
(Dead link: http://money.cnn.com/2006/10/02/news/international/gaming_congress.reut/index.htm?postversion=2006100207)