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RESPECTED BUSINESS PUBLICATION SUPPORTS REGULATED ONLINE GAMBLING
The respected UK business and economics publication 'The Economist' criticised attempts in other countries to ban online gambling this week in a leader article pointing out the advantages of properly licensed and regulated internet gambling activity.
Noting that history has shown that prohibition of a popular pastime - the alcohol bans in the United States for example - rarely works, the article goes on to examine the difficulties faced in enforcing the Unlawful Internet Gambling Enforcement Act in the United States, and the workarounds that have developed to overcome government attempts to disrupt financial flows to so-called 'illegal' internet gambling websites.
"...after a brief dip, Americans are now betting online about as much as they did four years ago. The Justice Department still maintains that online gambling is illegal, yet large numbers of Americans carry on regardless. The reason is simple: anyone who wants to gamble and has an internet connection can do so," The Economist points out, illustrating its point with some statistical facts.
The piece discusses the motivation of those seeking to kill off this modern evolution of gambling, opining that commercial protectionism and a fear of competition is a real element. It also poses the question of whether punters are better protected by banning the pastime and driving it underground, as is happening in the United States, or properly regulating and taxing it as is done by more enlightened governments such as the United Kingdom and a growing number of European states.
Online poker is particularly singled out as an example of a gambling genre that, thanks to modern media coverage, has grown from 'a niche game with a rather louche reputation' to a booming one, rightfully respected for the mental agility and improvisation it requires.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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