Online Gambling – Legal grey Area
Online gambling is any sort of gambling conducted online. This includes casinos, live casinos and online sports betting. The initial internet gambling venue available to the public, was ticket selling for the initial Liechtenstein International Poker Tournament in 1994. Since that time there has been an explosion of online gambling and cyber-gambling taking place across the world.
In a traditional casino you would need to go through plenty of applications and paperwork. It could take months before you even got the chance to play your first game. Most traditional internet casinos follow a similar procedure to get you started. But that is not all. In fact most online gambling sites are set up just as traditional casino websites. The difference is that rather than you having to go through forms and paperwork, you’re actually dealing with an operator who deals with all the legal issues and software necessary to start and run your games.
They are just a few of the differences between internet gambling and traditional gambling. Nowadays, many online gambling websites offer variations of sports betting, casino games, online slots and poker games. However, all of these gaming options could be enjoyed from the comfortable surroundings of your own home.
A large number of U.S. states are practicing tough gambling laws that have made it illegal for individuals to register and gamble at internet casinos. However, these laws have helped increase consumer protection and online gambling. The implementation of these laws has helped reduce the prevalence of online gambling among low-income consumers. Unfortunately, the high rollers have also been targeted by these laws and many of them have left the industry and moved over to the high rollers side of the fence where they’re treated with more respect.
The U.S. House of Representatives recently introduced a bill that would legalize online gambling in the U.S. Although many 올인 119 members support this measure since they feel this can be a needed step towards the regulation of most forms of online gambling across the country, some representatives believe the bill is not a good idea since the states which have already legalized sports betting casinos, in addition to high rollers, will still need to regulate their online casinos. Additionally, they think that the government should regulate online gambling in a similar manner to how they regulate high rollers. Opponents to legalizing online gambling believe that the U.S. should not move towards regulating it because there is already enough controversy on the practice.
However, the actual fact remains that the U.S. consumer protection agencies want to come up with a way to regulate the online casinos, but no one appears to know where that should end. Recently, in an attempt to gain more control on the situation, the buyer Protection Agency (CPA) drafted a new consumer protection rule. Although the CPA believes that the new law would help protect consumers from scams, etc or poker rooms, there are still many critics who do not agree. One of these brilliant critics is Stateroller, a respected online poker room. In accordance with Stateroller’s president, James M. Goad, every state should have its own laws regulating online gambling because different states are home to various kinds of people and some of them are known to be more prone to fraud. Goad contends that lots of of the states which have adopted a hands-off approach towards online gambling have done so as the laws conflict making use of their local casinos.
Critics of online gambling also point out that there are plenty of rogue websites on the Internet which are engaged in illegal activities such as poker room scams and charge card frauds. The rogue sites attract gamblers in droves and make online gambling an extremely profitable business for all those involved. If the consumer protection agencies had their way, these rogue sites could face steep fines or even be turn off completely. Goad agrees that it might be best if the states were able to coordinate with each other on an effort to turn off the rogue gambling sites.
Other voices that have been urging for more regulation of online gambling are members of the House and Senate leadership, U.S. attorneys, and the Federal Trade Commission. They all agree that the best way to protect the consumer from harm would be to enact legislation that prohibits online gambling but allows state officials to regulate and collect taxes from internet casinos which are licensed by their states. Currently, the only real online gambling legislation that is enacted is the “Hollywood Casino Law” which authorizes the state officials to institute stiff penalties for owners of internet casinos that neglect to comply with state law. This legislation has yet to be enforced.