LIVE UPDATES - Hearing on Barney Frank bill

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Witnesses up now.

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Annie Duke is being introduced now.

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Duke has the floor.

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She's talking about poker is the third most watched sport in the U.S. And that Internet poker has fueled the growth of poker, and the World Series of Poker which she just returned from. She also noted President Obama and Justice Scalia both play poker.

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Saying there should be distinct limits on government's ability to restrict American's leisure activities. Says appropriate licensing and regulation is needed and Frank's bill provides it.

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Says American players need the consumer protections. And that minors can be blocked, and money laundering can be eliminated.

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Duke: This issue is about personal responsibility. However you feel about gambling on the Internet, gambling with freedom is much more risky.

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Mike Fagan testifying now.

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He's a law enforcement/anti-terrorism consultant. Says Internet gambling firms in his experience have always had connections to crime, particularly organized crime.

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He says legalizing online gambling gives more avenues for money laundering. Also says Native Americans will lose jobs due to effects on tribal gaming.

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Says bill has no meaningful background checks on operators or bar from previous bad actors moving into the U.S. It's like handing over a business to a Cartel.

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Lynn Malerba from the Mohegan Tribe is up next. She's about to be named chief of the tribe.

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Says Indian Gaming has been the biggest economic success story for tribes.

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Says if Internet gaming is allowed, tribes must be allowed to compete on a equal playing field, and the bill as written must be improved. Tribes must be explicitly allowed to operate online gaming operations for people on and off the reservation. Online casinos need to be exempt from the IGRA compact provisions to give the tribes equal footing from a competitive standpoint.

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They also want offshore companies to be successfully by an offshore jurisdiction for a period of time before they can operate in the U.S.

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Tom Malkasian is up now. He's the VP of Commerce Casino.

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He's testifying in opposition of Frank's bill because the legislation is "flawed and unsound."

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Says it overrides local gaming laws and has unprecedented federal taxes, gives offshore operators a built in tax advantages that will destabilize land-based gambling. Says the tax estimates are inaccurate.

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Says companies that have been taking bets illegally for years would be allowed a licenses under Frank's bill. Malkasian says these operators should be deemed illegible. Wants strict licensing.

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Ed Williams up now, testifying on behalf of the Credit Union National Association (CUNA).