The Laws of Online Gambling
Online Gambling is a booming industry. There are many options for Americans to wager on their favorite sports, casinos, and virtual poker. However, not all of them are legal. This article will examine the various federal and state laws governing Internet gambling.
The first and most obvious rule of thumb is that it is illegal. The Wire Act is one such law. Unlike states, the government has the power to levy fines on those who engage in illegal Internet gambling. In addition to the Wire Act, several other federal criminal statutes can make it illegal for someone to engage in Internet gambling.
The most basic definition of gambling is the act of placing a bet. There are numerous other types of gambling, such as lotteries, gambling on games of chance, and maintaining dice and roulette wheels. But most of the fads and fun of betting in this country have to do with sports.
As far as the laws regulating the Internet are concerned, there are some interesting exceptions. For example, Illinois is one of the few states that permits sports betting online. The state’s regulatory scheme permits almost every casino to offer online IN sportsbooks.
Interestingly, the Federal Communications Commission has the authority to suspend or terminate the lease of facilities, and the FCC may not even provide them. This could make it difficult for the government to police the Internet.
Another interesting aspect of this burgeoning industry is that many of the biggest players are from other countries. For instance, Costa Rican casino Tropical Paradise has gotten a foothold in the U.S. The state of Michigan is home to three major poker sites, which have already got businesses off the ground.