Article: Online Gambling And Legislation
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Online Gambling And Legislation
With more than a trillion dollars changing hands around the world on online casinos alone, sooner rather than later legislation will step in to exercise some form of control in the casino industry. Those measures to control casinos and gambling during the early years worked as the casino had a physical location. Today however casinos have moved online with no real physical location. The question arises how legal are these online casinos?
Gambling legislation has not changed much since Congress passed the Wire Act in 1961. The Wire Act states that "Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or w...
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