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Citibank agrees to block online gambling

The AP is reporting tonight that Citibank has reached an agreement with New York State Attorney General Eliot Spitzer to block all online gambling transactions that use its credit cards.

Citibank, the nation’s largest credit card issuer, has agreed to block all online gambling transactions that use its credit cards, the state attorney general said Friday.

The agreement announced by the bank and Attorney General Eliot Spitzer is expected to significantly reduce illegal, underage and potentially addictive Internet gambling, Spitzer said. It applies to all Internet gambling transactions, not just those in New York.

The New York Times is reporting on the story in its Saturday edition.

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