As you could have heard, Congress has taken a big step toward banning most online gambling.
In place of wanting to outlaw gambling sites, which will be impossible to accomplish since nearly all are outside the US, they want to make processing or handling payments illegal. The result, gamblers would not be able to use charge cards, debit cards, as well as make direct transfers from US bank accounts to fund their accounts.
Supporters of the ban claim the Internet’s widespread availability causes it to be too simple to gamble and creates betting addictions and financial problems.
Internet gambling sites are estimated to consume $12 billion annually. Half this $12 billion arises from gamblers in the US. Critics of the proposed law เกมยิงปลาฟรีเครดิต argued that regulating the industry and collecting taxes will be more effective than outlawing it. Prohibition didn’t work for alcohol. It won’t work for gambling.
The us government had an opportunity to regulate online gambling and make the most of the tax revenue. A recently available study estimates Internet poker alone, if regulated and taxed, could net the government $3.3 billion each year.
But rather they’ve turned the financial institutions to the police. They also propose to improve the most penalty for violations from two to five years in prison.
The 2 Republican representatives who sponsored the bill, Bob Goodlatte of Virginia and Jim Leach of Iowa managed to slip in exemptions for the horse racing industry and state lotteries. Not necessarily fair to permit online lotteries and Internet betting on horse racing while cracking down on other forms of sports betting, casino games and card games like poker.
In several countries the us government has chosen to regulate online gambling rather than ban it. It’s a lot more practical and besides, it’s an application of recreation for a lot of people.
Fortunately there are still some thinking congressmen in Washington who have doubts concerning the bill’s effectiveness and have gone as far as to call it a feel-good bit of legislation. A bill more about news-making than lawmaking.
A more effective approach is always to allow the industry to come quickly to the United States and regulate it. This can be a situation everyone who’s or has gambled online will want to watch on.