Is Gambling Towards Lawfulness Worth the effort and cost?
It’s legal to bet on gambling sites. However, if you’re stalling due to concerns about the legality of gambling websites you can rest assured! The current laws and regulations that target online gambling sites are targeted at casinos and their financial base. The bureaucrats and politicians don’t like the casinos, and they’ve been trying to shut them down for a long time. Gambling on gambling sites is illegal and there are a variety of reasons why this is the case.
First what is the reason why the United States government attempting to interfere with the way gamblers bet? It’s quite simple. Gambling is a source of income and business and in the past casino developers and owners made tons of money from players who gambled on their websites. The government doesn’t like the government making more money from gambling. For instance, recently, the government tried to block an online sports betting site from being established in Nevada as the state believed it would encourage gambling there. That basically means no more betting in Nevada.
The issue with this is that the government offered to make its deposit requirements simpler for residents. This means that gambling websites aren’t legally able to charge deposit fees and they aren’t able to refuse a deposit. The banking laws that were passed by Congress and signed into law by the President permit U. S.citizens to transact online with banks. The banking industry is the one that will be cut off from gambling websites and not the owners of the sites.
The Federal Trade Commission has basically stated that it is okay to regulate gambling sites. They also cited several states that have legalized gambling online but have no authority over state laws. Some states have even taken the step of establishing constitutional safeguards against federal attempts to regulate gambling. That means the only way for the Federal government can come in and intervene is if the law in the state is clearly illegal.
I’d like to inform you that this is a rather absurd decision to the CFTC to take. It’s a misuse of power to compel state officials to regulate gambling sites which residents of those states wish to allow. I also question the motives and motivations of the FTC. They appear more interested in encroaching the privacy of Internet users than they are in protecting legitimate online casinos. The fact that the State Department and the CFTC are saying this is not an overreach of power is ridiculous.
The reason the United States is the only country in the world that lets its citizens gamble online with real money, with no kind of supervision, is due to the fact that the state legislatures believed that they could get away with it. Many state legislators passed bills to allow live casinos. However the owners of these casinos made a great effort to ensure that they were not controlled. They fought tooth and nail to ensure that no one was able to play their games online. Why is this? What is it that means to “protect” the players from “bad eggs”?
The CFTC has also tried to shut down gambling websites in other ways. The agency has also targeted bookmakers online by trying to make them admit to making bad bets on their customers. This could easily be declared an overreach of power by the courts, and the CFTC’s attempts to impose these regulations upon bookies are likely to fail. The reason this regulation will fail is because there is no clear line that defines permissible and unlawful activities. There isn’t a clear line and a lot of bookies believe they can force their competitors to admit to making poor bets.
There is no way that the US government will jump to regulate online gambling. It is also unlikely that the US isn’t a large country with regards to regulating businesses and so the chances of the government attempting to regulate all gambling websites is unlikely. There are always gray areas where gambling is concerned and, at the end of the day, the US should be happy to leave these areas unaffected and just concentrate on the safety issues that surround all of the different forms of gambling. The balance between the pros and cons of online gambling, is 88 fortunes online a decision that the US should make.