The Unregulated World of Online Gambling

Gambling is playing a game of chance or skill for money. It is not legal in most countries.

It is illegal to gamble without a permit or license. It is illegal to operate an online casino in some countries.

The federal government remains hostile to internet gaming. A number of bills have been introduced to the Senate. In 2007, Rep. Barney Frank introduced HR 2046, a bill that would modify the UIGEA. The legislation aims to improve online gambling laws. It also would require that internet gambling facilities be licensed by the director of the Financial Crimes Enforcement Network.

The United States Department of Justice has attempted to interpret the Interstate Wire Act as a general law that would apply to all forms of Internet gambling. However, that attempt failed in court.

In the meantime, regulators have become savvier. The best online casinos are licensed by regulatory bodies. These sites use the strictest security standards. They also have independent auditors to test software before it goes live.

Some casinos are able to operate in the unregulated environment, but the number of rogue operators continues to grow. In order to ensure customer safety, these sites are required to conduct careful checks on customers. If the checks reveal any problematic gaming practices, the casinos will have to take action.

One of the most effective measures online casinos can take is to implement affordability checks. These checks are designed to prevent people from gambling more than they can afford. If a person is found to be violating this rule, they could face a fine or six months in prison.

Posted in: Gambling