|The Lounge | Champions | The Wire | Schedule | Audio | Arcade | The Top Ten | Historical | Email | Video|
Is Online Gambling Legal?
According to the Wire Act, one is not permitted to make use of a wire transmission for the purpose of placing a bet. The Wire Act clearly states that "Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both."
While some may argue that the Wire Act pertains to all forms of gambling, others believe that it only refers to sports betting and wagering on sports events. Interpreting the Wire Act to mean that all forms of online gambling are illegal, many banks and financial institutions decided to block online gambling transactions that make use of credit cards. Other online financial services such as paypal.com ceased to process gambling related transactions and most of the major search engines such as yahoo.com and google.com stopped accepting gambling related advertisements.
Although the Department of Justice managed to put a significant dent in the advertising and banking operations of the online gambling industry in the United States, there are currently thousands of online gambling websites operating legally outside the U.S. Furthermore, since most of the online casinos accept numerous offline and online payment methods, one does not require a credit card to play at an online casino.
According the latest online gambling figures, most online casino players are from the United States, and the online gambling industry is continuing to grow at a phenomenal rate from 1.5 billion dollars in 2000 to a projected growth estimate of well over 10 billion dollars for the year 2005. In order for the Department of Justice to make a truly serious dent in the online gambling industry, they would need to convince foreign bodies such as the government of Antigua and Barbuda (a tiny country that processes 25% of online gambling transactions) that online gambling is illegal.
Taking the matter all the way to the World Trade Organisation, the tiny island of Antigua and Barbuda argued that the United States trade policy does not prohibit cross border gambling operations. It also argued that the U.S would be hypocritical to do otherwise since it wants to allow U.S. casinos to operate land-based and Internet-based units overseas.
Meanwhile, the United States argued that regulation was not a viable alternative for prohibition due to five major risks: underage gambling, compulsive gambling, money laundering, possible abuse by organized crime, and the risk of fraud.
On the 7th of April, 2005, the World Trade Organization ruled in favor of Antigua and Barbuda.
"The WTO has now found U.S. prohibitions on Internet gambling improper and discriminatory under global trade rules," Paulsen said. "This WTO ruling means the U.S. will need to regulate, rather than prohibit Internet gaming. It's clear that this will require Internet gaming companies seeking to do business with U.S. consumers to have adequate protections for consumers in place, to deal with such problems as the risk of underage gaming, fraud, and money laundering. The good news is that there are now solutions in the payment system to do just that." Kobus Paulsen, CEO of the UC Group, said on April 7, 2005.
Thus according to the World Trade Organisation, gambling at licensed online casinos and sportsbooks is not illegal. Rather than waging war against the online gambling industry, governmental bodies hostile to online gambling should work towards the regulation and taxation of the online gambling industry, while searching for possible solutions regarding the problems of underage gambling, compulsive gambling, money laundering, possible abuse by organized crime, and the risk of fraud.
Copyright © 2005 http://www.casinoguide.ws - Free Casino Cash Guide, All Rights Reserved.
This document may be freely redistributed in its unedited form and on the condition that all copyright references are kept intact along with the hyperlinked URLs.
Poll finds majority of New Jersey residents still oppose casino gambling ... - Press of Atlantic City
In order for a player to enjoy a more pleasant and memorable time at a casino, while taking precautions to minimise one's losses, it is very important to follow a basic set of gambling tips or guidelines.Understand the game: This may seem like a very obvious rule, but you would be surprised at how many people place bets on games they don't fully understand.
Lotto System: Interview With The Creator Of Lotto System That ROCK The Market!!!
Lotto System: How you can win lotto easily and automaticallyIn this article, we will discuss on "A personal interview with theHonest Lotto System's creator, Ken Silver."Q: Hi Ken, thanks for joining us in this interview.
Online Casinos Give You The Gambling Without the Travel Costs
Although the majority of gamblers would appreciate a trip to Vegas, we don't all have the time or money in which to do it. However, that doesn't mean that we can't have the same fun as those who have hopped on the next flight.
How To Choose a Sportsbook - Guide To Online Sports Betting
Online Sports Gambling is a growing business with thousands of new players opening their accounts every day. There are new online sportsbooks and wagering establishments created every calendar day of the month, which is quite confusing for new players.
How To Play Craps
Craps is generally seen as a fun and exhilarating game by gambling enthusiasts and can be played at a number of reputable online casinos, such as VegasUSA. If you are not sure how to play craps, then this article is just for you.
Your bankroll must be protected at all costs, a good bankroll will get you thru the ups and downs of sports wagering.You must think of Sports Wagering in the very same light as you would Stock Market investments.
Odds Comparison - Increasing Your Winnings
After being in sports betting for about 23 years you have come to see many things such as a hairy chimpanzee putting down the winner for a horse race 10 times in a row, leaving me with a severe insomnia problem. I have also experienced the amazing growth of the internet and especially seen the difference it made to the sports betting community.
A Beginners Strategy Guide to Online Micro Limit Hold Em
It's hard to miss the fact that the last two winners of the World Series of Poker were not professional poker players and the fact that Chris Moneymaker (2003) and Greg Raymer (2004) are online players. It's no wonder that online poker is exploding.
Short Hand Texas Holdem Poker
Short Hand Texas Poker refers poker games that have less than 4 or 5 players at the table. Being a good short hand player is vital if you're interested in either moving up to higher level games or playing in poker tournaments where the rewards are much higher.
Online Poker - Learn to Play for Free, and the Chance to Win Real Cash Prizes
All of the online poker rooms offer you the opportunity to play poker without risking a penny of your own money. You just download and install the software, open an account and then login.
Playing Low Limit Shorthanded Holdem Online
When it comes to playing shorthanded games online, one size definitely does not fit all. Certain concepts, aggression being the most important, are paramount no matter WHAT level you are playing; but the low limit games with its preponderance of loose, passive opponents mandate a slightly different style of play be used to maximize profits.
Discover YOUR Online Poker Room
As all the poker sites on the internet call themselves poker rooms so that is what I'm going to call them too.The first thing you have to do to check out a room is to download their software.
Top 5 Reasons - Should You be Gambling Online?
Why is online gambling the latest craze to hit the Internet? Let's face it the casino business is big bucks. Games played for money have found their way into any permitting city across the world.
Do the Laundry or Win the Lottery
On the Friday afternoon drive home, I'm relieved the weekend has finally arrived. Sleeping in, afternoons at the pool and?the looming pile of clothes on the laundry room floor! The endless list of household tasks never seems to go away.
Expensive Errors in Holdem
There are several expensive errors that are frequently made in poker, especially Hold'em. This article will discuss the two most expensive errors that players make.
Holdem Starting Hands
Top starting hands should be raised and played aggressively. AA, KK, QQ, AK, JJ, AQ, these hands are most likely to be the best before the flop.
Lucky Texas Holdem Tips
Texas holdem poker is one of the few online casino games in which you can actually consistently make money. These lucky texas holdem tips will put you in the driver's seat of most online poker rooms.
Pai Gow Poker Basics
Using the standard poker hand ranking methods (see below), the players must organize their cards so that the five card hand is of higher value than the two card hand. If both hands beat the banker's two hands, the player wins.
Video Poker - Tips to Remember
Video poker is an easy game to learn to play well, so do take the time to learn the basic draw strategy, as well as the best machines to play (the ones with the most favorable payout schedule). In addition, the tips below will give you a better chance of winning and overall make the game more enjoyable.
2005 NFC West Football preview
OVERVIEW: NFC WestThe Arizona Cardinals have posted a mark of 22-42 straight up over the past four seasons which is by far the worst win/loss record of any team in the NFC West, however, that's all about to change in 2005 as I fully expect these Cardinals to win this division and make the playoffs, remember that you heard it here first!Cardinal HC Denny Green had another fantastic draft highlighted by picking CB Antrel Rolle and RB J.J.
Section Site Map - Submit News - Feedback - Comments - Advertise with Us
Copyright © 2006 Luminati Inc. All rights reserved.