Reason.com comments on Barney Frank’s H.R.2267 passing committee, and quotes him discussing online gambling back in 2006:

People have said, “What is the value of gambling?” Here is the value: Some human beings enjoy doing it. Shouldn’t that be our principle? If individuals like doing something and they harm no one, we will allow them to do it, even if other people disapprove of what they do.

Quite right.  He even seems to believe it when it comes to financial institutions, to the chagrin of many of his colleagues: “Is Barney Frank Joining the Wall Street Sellout?”

At any rate, I’m sure this isn’t his guiding governing philosophy, but just for saying the right things at this time, he gets a provisional thumbs up.