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Competitive Enterprise Institute Says Online Gambling Legal In USA
The Washington-based Competitive Enterprise Institute has released a position paper arguing that online gambling is legal in the US despite public misconceptions, and that the Internet gaming industry has been unjustifiably black-balled by US politicians who use fear as a means for furthering anti-online gambling moves.
Ironically, much of danger attributed to online gambling is a direct result of the actions of the US government, the CEI opines, giving as an example the 2007 pursuit by the Department of Justice of Neteller which resulted in long delayed payments to players and the withdrawal from the market of a respectable cash processing facility.
The CEI paper asserts that regulation does exist in online gambling, as both industry groups and a number of foreign governments have established strict sets of rules for Internet casinos to follow. Ratings systems and mediation are available for disputes, and online gambling communities perform useful watchdog functions, as the discovery by 2+2 detectives of the Absolute Poker and Ultimate Bet scandals illustrates.
The point is strongly made that publicly listed and reputable companies registered on European stock exchanges are subject to control and oversight, yet many have been forced out of the US marklet by government anti-gambling initiatives.
CEI emphasises that only Internet sports gambling is specifically forbidden by US federal law, and only Washington and Utah have state blanket laws against online gambling. "The UIGEA does not make patronizing Internet casinos illegal, it tries to prevent financial institutions from making deposits to these casinos." a spokesman said.
The CEI paper comes to the conclusion that online gaming suffers from being a relatively new and unfamiliar technology oriented industry, but carries traditional stigmas against gambling. When these are combined with a perception of the Internet's widespread nature and fears of change, a negative reaction can occur among the conservatively minded.
But the change has come, and it is time for US politicians to accept new circumstances rather than appealing to ignorance and fear, the paper opines.
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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