Sports gambling laws and regulations

Sports gambling laws are different from country to country. In the US, sports gambling is regarded as illegal practically in most states save some like Nevada, Montana etc. The legality and general acceptance of sports betting is highly regulated in several European countries though not criminalized, but Europeans must know how to bet tax free – excellent info at GertGambell.net. “Sports gambling” is considered by legalized sports gambling proponents as being a sports hobby for sports enthusiasts to enhance their interest in a sporting event thus becoming a great benefit to leagues, teams and players etc.

There are many sites that are reputable that do not allow US residents to bet through them although with the appearance of the internet and offshore gambling websites it is getting difficult to govern the sports gambling actions of Americans. For quite a while the United States argued against the internet gambling legal issues by citing the Interstate Wire Act of 1961 passed to stop sports gambling activities between the states by making use of wire containing devices and the telephone. Because the internet was not yet invented at that time, legal experts today question whether the law actually pertained to the net services or otherwise.

The Justice Department of America however claimed that the Wire Act did refer to all forms of online or internet gambling. In 2006, The congress wrote the SAFE Port Act and passed it to increase the US port security. Attached with it was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from utilization of electronic fund transfer or checks, credit cards etc to finance any internet gambling activity. arbitrage betting money saving expert

The thing that was important was the fact that the act dealt only with the funding of internet gambling accounts rather than the actual placing of the bet. Thus an online gambling law attorney Lawrence Walters stated that the bill that was passed had no impact on the betting activity of the person but focused only around the restriction of certain transactions which were financial and concerning the banks and internet gambling sites. Thus the bill failed to make internet gambling illegal nevertheless it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction instead of the actual act of betting by the individual.

Rep Barney Frank then introduced in 2007, the Internet Gambling Regulation and Enforcement Act as a way to legalize internet sports gambling and at the same time Rep.es McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act to regulate betting sites on the web and collect tax on all bets made.

The country of Antigua and Barbuda in 2003 registered a complaint against the US with the World Trade Organization that the US (based on their sports gambling laws and ban on gambling on the net) violated their WTO rights. The WTO ruled for their favor and though the United States appealed the initial ruling was upheld on plenty of occasions. The WTO awarded Antigua and Barbuda trade sanctions worth $21 million as well as the right to penalize the US copyright and trademark laws.