Online Gambling – The Good, the Bad and the Ugly

Online Gambling

Whether you’re a fan of poker or slots, you can enjoy a good time at an online casino. Just make sure you’ve got a reliable Internet connection and a credit card or eWallet to fund your account.

Online gambling has become increasingly popular in recent years. In fact, millions of people play games on various platforms each day.

However, there are a few major issues with the new fangled way of playing your favourite games. First and foremost, there’s the risk of criminal activity. Second, the payouts may not be fair. Third, you could have access to gambling sites from countries with illegal gambling laws.

The federal government rolled out a handful of online gambling regulations. Some of these, such as the Internet Gambling Regulation Act, are fairly rudimentary. Others, like the Safe Ports Act, are aimed at preventing US banking institutions from allowing customers to send money to gambling sites offshore.

The federal Department of Justice also announced that the Wire Act would apply to all forms of Internet gambling. Fortunately, most regulated gambling sites are able to accept online bank transfers. But, there are still some sites that refuse to accept pre-paid cards.

Moreover, some states have taken a hard line on gambling. For instance, Idaho and Wisconsin are arguably anti-gambling.

The Australian government estimates that there are fewer than five million online gamblers worldwide. This equates to less than one percent of the population. In order to protect its citizens, the country has proposed a new law to regulate and tax the industry.