Brussels - The European Union has launched an investigation into U.S. treatment of overseas online gambling operations, with an eye towards possibly launching proceedings against the U.S. at the World Trade Organization, Reuters reported. Several European online gaming services filed complaints with the EU in December, saying that the U.S. is singling out foreign companies for prosecution, while allowing domestic online gambling on horse racing.

New York - The founder of online gambling firm BetOnSports was arrested last week in the Dominican Republic, and the U.S. attorney's office in St. Louis, Missouri plans to ask he be sent to St. Louis to face charges of racketeering, conspiracy and fraud, Reuters reported.

New York - Two Canadian men who founded the U.K.-based online money transfer company Neteller have been arrested by U.S. authorities and charged with laundering billions of dollars in illegal online gambling proceeds.