Online Gambling is the process of placing a bet or wager on an online game or other event. This can be done through the Internet or by phone, and is legal in many countries worldwide.
The laws surrounding Online Gambling vary by country, and can be confusing. However, there are a few basic rules to follow.
First, the legal definition of “gambling” is very broad. It includes any activity that involves wagering something of value on the outcome of a contest of chance or a future event, as well as activities that involve selling chances for a prize.
While most states allow some form of gambling, the legality of it is highly regulated in some places. Some of the most conservative states, such as Utah and Hawaii, ban gambling entirely.
Another issue with online gambling is the privacy issues involved. Some online casinos are in foreign countries, and it is difficult to know exactly who runs them.
This is especially the case if they are privately held.
Finally, the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) criminalizes banks and credit card companies from transferring funds to Internet gambling sites. While serious Internet gamblers might be able to find a way around this law, it will likely deter casual players from using their bank accounts to play at online casino sites.
Several bills have been introduced in Congress that seek to regulate rather than outlaw online gambling. In April 2007 Representative Barney Frank (D-MA) introduced HR 2046, the Internet Gambling Regulation, Consumer Protection and Enforcement Act.