Online-gambling

Online world is constantly getting bigger and bigger, and millions of websites are created daily with all sorts of content and offering various services. One of those services is the ability to invest the money into games of chance, or, to put it in simple terms – to gamble., and spend some tome on those websites, hoping for a win and that ultimate life-changing jackpot. However, many people start spending too much time in those virtual casinos and this can seriously affect their social life and their family. Gambling addiction is a well-known, well-documented condition, but new technologies have opened the doors for that problem to spread together with the rest of the gambling programs. This is one of the main reasons why governments and authorities are trying to find legal measures which would protect minors and everybody else from the harmful effect of the online gambling.

Unfortunately, there is still no global agreement on what should be done, and no universal law governs this area, not there is no global regulatory body. This causes problems and discussions all over the world, and it basically leaves the countries and regions to come up with their own legislation in the way that they feel is right. From the players perspective, this is not a good solution, since they are usually not informed about potential wrong-doings and they hardly ever check the legal systems for this type of information. However, there are special laws in almost each country and citizens of them should be aware of the policy that their country has when it comes to this phenomenon.

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For example, if you happen to live in United Kingdom you probably know that gambling over the internet is fully legal there, and that a law from 2005, known as the Gambling Act, predicts the creation of a regulatory agency called the Gambling Commission and that all citizens of UK are free to visit those websites. The same applies to citizens who live in places like Antigua, Curacao, Isle of Man, Gibraltar and Kahnawake, since those areas are known as “gambling jurisdictions”, and they have their own laws and allow servers to be registered on their territory. These small countries are doing this because this is a huge business and global tax revenues are enormous, which makes their legislation intentionally flexible and liberal for this type of entertainment.

On the other hand, if you live in United States you will not be eligible to use your bank account and credit cards on websites that provide online gambling, due to the infamous UIGEA law, or Unlawful Internet Gambling Enforcement Act from 2006, which prevents banks from accepting that kind of transactions. Individual players can visit those websites, but this law makes it very hard for them to pick up their winnings and to enjoy the experience. However, things are changing and some states in US have brought their own laws which enable online trading and make it fully legal, and this will probably spread all over the country in a very short time.