Bookmark Website  | Free Registration  | The Team
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.


MORE RESOURCES:

Tallahassee.com

House panel hears casino gambling bill
Tallahassee.com
House Majority Leader Dana Young said she wanted to get a discussion going on gambling Thursday, so a committee heard about everything from glamorous mega-casinos to dying greyhounds in a four-hour hearing. Whether legislators will make any major ...
What social casino games can teach you about F2P successPocket Gamer.Biz
Florida debates gambling as big players lay down their betsBayoubuzz

all 66 news articles »


Atlanta Business Chronicle (blog)

Casino Gambling Legalization Introduced; Projections Suggest $250M For HOPE
Peach Pundit
Today, a bi-partisan group of lawmakers has dropped bills that would pave the way for Georgia to aim higher and assert itself into the major leagues of casino gambling. Supporters of HR 807 and HB 677 tout a potential payoff of 10,000 construction jobs ...
Exclusive: Bills would legalize casino resorts in GeorgiaAtlanta Journal Constitution
Georgia lawmakers to look at legalizing casinosAtlanta Business Chronicle (blog)
Rep. Stephens files legislation that would bring full gambling t - MyFoxAL.com ...FOX6 WBRC - MyFoxAL.com

all 15 news articles »


Bradenton Herald

Don't spread casino gambling across Florida
Bradenton Herald
Florida should not become another Nevada with gambling casinos strung across the state, but that's the possible scenario with pending legislation in Tallahassee. Instead, the state should be renogtiating its exclusive gaming agreement with the Seminole ...

and more »


This is the year to expand casino gambling
Chicago Tribune
If the Illinois Legislature is ever going to pass a casino expansion bill, the odds are good this is going to be the year. Both the state and Chicago are facing major financial problems that will be worsened if the Illinois Supreme Court rules, as ...



Where Kentucky governor candidates stand on gaming
Newsandtribune
β€œHe does not believe casino gambling is a long-term solution for any of Kentucky's financial problems, so that will not be a priority for his administration.” β€’ James Comer β€” Campaign director Edwin King would not say if Comer personally supports or ...

and more »


Online Poker.net

New York Looks To Expand Casino Gambling Before Online Poker
Online Poker.net
New York Looks To Expand Casino Gambling Before Online Poker New York currently has five Native-American casinos, and nine racetracks with video lottery terminals, but between 2013 and 2014 gambling revenues were down by 0.8% (after inflation), ...

and more »


CardPlayer.com

Connecticut Looks At More Casino Gambling
CardPlayer.com
The state of Connecticut is looking to expand its gambling industry to keep up with competition in the region. Many in the state are worried about new casinos being built in Massachusetts and New York. Other nearby states like Pennsylvania and Maryland ...
Connecticut lawmakers, Native American tribes push for 3 new casinos to ...MassLive.com
We started casino war and now we're losing itJournal Inquirer
Connecticut's Casino Expansion Meets An Obstacle: Public OpinionHartford Courant
The Daily Voice -Chron.com
all 185 news articles »


Crossmap

GTA 5 Online Heists: Casino, Gambling DLC Release Leaked: Players Could ...
Crossmap
New details surfaced online purporting the release of GTA 5 Online Casino DLC has been revealed by an avid fan and added that this new expansion pack is about Casino, Slot Machines, Lottery, and Gambling where players can win millions of dollars.

and more »


Sun appears setting on casino gambling
Nashua Telegraph
Alittle more than two years ago, Gov. Maggie Hassan made the licensing of a single destination resort casino in southeastern New Hampshire a crucial funding source for her first two-year budget. Hassan took a lot of heat for championing the casino ...



Nation News

Avoid dangers of casino gambling
Nation News
In a word, legalisation of casino gambling will further erode the social fabric of this country. There are now stories making the rounds of school-age children being taken on board cruise ships for the purposes of prostitution. Casino gamblers are not ...

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright © 2006 Luminati Inc. All rights reserved.