Difference between revisions of "Online Gambling"

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Internet Casinos Inc. (ICI), the world's first online casino, started operating from August 18, 1995, with 18 different games. Since then more than 1,400 websites, mostly domiciled in small Caribbean islands, have given rise to an industry that grosses over $3 billion a year. In fact no business on the Internet earns more revenue than online gambling. Out of the estimated 14.5 million online gamblers, almost 30 per cent are from Asia.<br /><br />A bet can be placed in minutes. Anyone with a credit card can set up an offshore currency account with a gambling site, leaving them free to place bets on sporting events like Wimbledon, cricket, horse racing and Formula One, or join a virtual casino to play slot machines, roulette, blackjack, poker etc. Companies like Flutter and Betmart accept bets on anything from who is going to win the Nobel Prize to whether Madonna is getting a divorce or not. Bets can range from a nickel to thousands of dollars and according to whether you win or lose the amount is automatically adjusted to your account. The final balance can then either be mailed to you or left for future bets.<br /><br />The law relating to online gambling in India needs to be understood within the country's socio-cultural context. At the outset, gambling, although not absolutely prohibited in India, does not receive express encouragement by policy makers. The Indian organized gambling industry is estimated to be worth around US$8 billion. [https://ssibet.com/pages/fishing บาคาร่าออนไลน์] While stringent laws have checked the proliferation of casinos and high street gaming centres as in many other countries, barring the state of Goa, the lottery business remains the most post popular form of gambling.<br /><br />Though gambling is not illegal, it is a highly controlled and regulated activity. Modern India is a quasi-federal Constitutional democracy and the powers to legislate are distributed at the federal as well as the state levels. Gambling features in List II of the Constitution of India, this implies that the state governments have the authority to enact laws in order to regulate gambling in the respective states. Thus, there is no single law governing gambling in the entire country. Different states have different laws governing gambling in addition to the laws that have an application across the country. While some states have banned lotteries, other states allow state government lotteries marketed and distributed in other lottery playing and promoting states through private entities.<br />he courts have defined gambling as 'the payment of a price for a chance to win a prize'. The dominant element of skill or chance shall determine the nature of the game. A game may be deemed to be gambling if the element of chance or luck predominates in deciding its outcome. As a result, Indian courts have held that betting on horse racing and a few card games are not gambling. The right to undertake the business of gambling and lotteries is not considered as a fundamental right protected by the Constitution of India. It may however be pointed out that the state government run lotteries make significant contributions to the state exchequer of several state governments and the Union government, and hence there is a resistance to complete prohibition.<br />Internet gambling<br /><br />The law related to gambling is also applicable to online gambling. All gambling contracts are considered to be wagering contracts and it is not possible to enforce such contracts under the ICA, detailed above.<br /><br />As pointed out earlier, the online lottery is the most popular form of internet gambling in India. Most companies marketing and distributing or conducting state government-sponsored lotteries through the internet are not allowed to sell their services in the states that banned lotteries. In most cases, these marketers and distributors limit their online services to consumers who are residents of the states where a lottery is permissible. Notwithstanding the fact there has been no reported case of breach by any company promoting online lotteries, most of these companies (as a safeguard) seek an undertaking from their consumers relating to their residence.<br /><br />There have been instances where one state has banned the lottery of other states, including online lotteries. In a recent case, the Karnatka High Court upheld the decision of the Karnataka government to make itself a 'lottery free zone' by imposing a ban on lotteries of all other states, including online lotteries under the Lotteries (Regulation) Act 1998. The state government, in this case, directed the closure of the terminals and kiosks selling the online lotteries.<br />Enforcement over foreign jurisdictions<br /><br />If the websites are hosted and operated from outside India, it may be difficult for the Indian authorities to issue any directive to close them down or prohibit their access without using its blocking powers under the ITA. The authorities have little to worry about, as Indian foreign exchange laws do not permit remittances outside India for gambling related activity, such as the purchase of lottery tickets, football pools and sweepstakes. As a result, a gambling website hosted outside India aiming at receiving money from within India cannot do so through legal channels.<br /><br />Conclusion<br /><br />Online gambling remains a highly regulated sector with seemingly limited horizons to grow. While the present regulatory framework makes it difficult for offshore gambling websites to target customers in India, the India-based companies can only distribute and market state-government lotteries online in permitted territories. The pervasive authority with the government to block gambling related websites and the impossibility of enforcing gambling-related contracts further discourage the prospects for the industry.
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Casinos Online<br /><br /><br /><br /><br /><br />There are a large number of online casinos, in which people can play casino games like Roulette, Blackjack, Craps and many [http://www.firstlinux.com/juegoscasino/jugar-a-la-ruleta-en-linea/ more] . The games are played against "house" which earns money due to the fact that odds are slightly in their favour. Websites that are not reputable may offer rigged games that are less mathematically honest than they appear.<br /><br />Poker online<br /><br />There are plenty of poker rooms on the internet that provide a variety of games of Poker that are most popularly Texas hold 'em, but also Omaha and Seven-card Stud as well as other games. Players play against each other and the "house" making its money via the "rake".<br /><br />Sports betting online<br /><br />A number of major bookmakers provide fixed odds betting on the internet and gamblers usually bet on the outcome of sports events.<br /><br />The bet exchange is a relatively recent innovation on the web. It lets users place bets on each other, with the "house" getting a tiny percent.<br /><br />Transfers of funds<br /><br />Typically, gamblers upload funds to the online gambling firm, place bets or play the games they offer, and take the winnings. European gamblers typically have the option to fund their gambling accounts with the use of a credit or debit card and then transfer any winnings back onto their account.<br /><br />Because of the questionable legality of online gambling in the United States, however, U.S. credit cards frequently not accepted. However, many intermediary firms - like Firepay, Neteller, and Moneybookers provide accounts that (among other items) online gaming can be financed. Online poker operators and casino rooms often offer incentives for using these 'alternative payment options'.<br /><br />The payment method of cheque or wire transfer is also a common method of payment.<br /><br />General legal concerns<br /><br />Gambling online is legal and regulated in several countries, including the United Kingdom, and many nations around the Caribbean Sea.<br /><br />The United States Federal Appeals Courts has declared that the Federal Wire Act prohibits electronic transfer of information regarding betting on sports across states. There isn't a law prohibiting gambling of any other type.<br /><br />Some states have laws against gambling online of any type. Online gambling operations that aren't licensed would be illegal. Currently the state does not grant licenses for online gaming.<br /><br />Antigua Barbuda's Government, which has licensed Internet gambling entities, submitted a complaint to the World Trade Organization regarding the U.S. government’s attempts to restrict gambling online.<br /><br />The Caribbean nation won the preliminary ruling but WTO's appeals panel partially overturned that favorable ruling in April, 2005. The appeals panel's decision allowed states to ban gambling within Louisiana, Massachusetts, South Dakota and Utah. The appeals panel also concluded that the United States could be violating international trade laws due to its laws on horse racing betting were not equally applied to foreign and domestic online gambling companies. A panel of experts concluded that the restrictions on online gambling imposed in US federal law were not compatible with GATS's services agreement.<br /><br />John G. Malcolm, Deputy Assistant Attorney General, presented evidence before the Senate Banking Committee in March 2003 about the unique problems that gambling online poses. [http://www.firstlinux.com/juegoscasino/los-metodos-mas/ games online] laundering is a significant concern for the United States Department of Justice. Money laundering transactions on the Internet are hard to trace due to the anonymity of the Internet and encryption.<br /><br />Google and Yahoo! announced in April 2004 that they would remove gambling-related advertisements on their sites on a totality basis. The move followed an United States Department of Justice announcement that, in what many claim is a contradiction to the Appeals Court ruling, the Wire Act relating to telephone betting is applicable to all types of Internet gambling, and any advertising of such gambling "may" be considered to be aiding and encouraging. Critics claim that the Justice Department's decision violates the law and should not be used to force companies to stop advertising. [http://www.firstlinux.com/juegoscasino/ visit url] protects the advertisements. Yahoo! Yahoo! has provided advertisements for on-line "play money" gaming since April 2005.<br /><br />In February 2005, the North Dakota House of Representatives passed a bill to legally regulate and legalize online poker as well as online poker cardroom operators within the State. The CEO of Paradise Poker, an online poker site, testified in the State Senate and promised to move to the state if it became law. The bill was rejected by the State Senate in March 2005. Jim Kasper (the Representative who was the sponsor of this bill) intends to put this issue on the 2006 ballot in 2006.<br /><br />Problem gambling<br /><br />Since the internet allows gambling straight into the player's home There is a concern that online gambling can raise the risk of gambling addiction. The National Gambling Impact Study in the United States examined the relationship between problem gambling and accessibility. It concluded that having a casino within 50 miles of a player's home can double the number of gamblers who are considered to be problematic. This suggests that problems with gambling may also be made more prevalent because of the accessibility to gambling on the internet.<br /><br />The report also mentioned the possibility that "the high-speed instant gratification of Internet games, as well as the privacy-enhancing features they offer may exacerbate problem and addiction to gambling". Bernie Horn, of the National Coalition Against Legalized Gambling, testified before Congress that the accessibility of online gambling "magnifies the potential destructiveness of addiction".<br /><br /><br /><br />

Latest revision as of 06:44, 27 February 2023

Casinos Online





There are a large number of online casinos, in which people can play casino games like Roulette, Blackjack, Craps and many more . The games are played against "house" which earns money due to the fact that odds are slightly in their favour. Websites that are not reputable may offer rigged games that are less mathematically honest than they appear.

Poker online

There are plenty of poker rooms on the internet that provide a variety of games of Poker that are most popularly Texas hold 'em, but also Omaha and Seven-card Stud as well as other games. Players play against each other and the "house" making its money via the "rake".

Sports betting online

A number of major bookmakers provide fixed odds betting on the internet and gamblers usually bet on the outcome of sports events.

The bet exchange is a relatively recent innovation on the web. It lets users place bets on each other, with the "house" getting a tiny percent.

Transfers of funds

Typically, gamblers upload funds to the online gambling firm, place bets or play the games they offer, and take the winnings. European gamblers typically have the option to fund their gambling accounts with the use of a credit or debit card and then transfer any winnings back onto their account.

Because of the questionable legality of online gambling in the United States, however, U.S. credit cards frequently not accepted. However, many intermediary firms - like Firepay, Neteller, and Moneybookers provide accounts that (among other items) online gaming can be financed. Online poker operators and casino rooms often offer incentives for using these 'alternative payment options'.

The payment method of cheque or wire transfer is also a common method of payment.

General legal concerns

Gambling online is legal and regulated in several countries, including the United Kingdom, and many nations around the Caribbean Sea.

The United States Federal Appeals Courts has declared that the Federal Wire Act prohibits electronic transfer of information regarding betting on sports across states. There isn't a law prohibiting gambling of any other type.

Some states have laws against gambling online of any type. Online gambling operations that aren't licensed would be illegal. Currently the state does not grant licenses for online gaming.

Antigua Barbuda's Government, which has licensed Internet gambling entities, submitted a complaint to the World Trade Organization regarding the U.S. government’s attempts to restrict gambling online.

The Caribbean nation won the preliminary ruling but WTO's appeals panel partially overturned that favorable ruling in April, 2005. The appeals panel's decision allowed states to ban gambling within Louisiana, Massachusetts, South Dakota and Utah. The appeals panel also concluded that the United States could be violating international trade laws due to its laws on horse racing betting were not equally applied to foreign and domestic online gambling companies. A panel of experts concluded that the restrictions on online gambling imposed in US federal law were not compatible with GATS's services agreement.

John G. Malcolm, Deputy Assistant Attorney General, presented evidence before the Senate Banking Committee in March 2003 about the unique problems that gambling online poses. games online laundering is a significant concern for the United States Department of Justice. Money laundering transactions on the Internet are hard to trace due to the anonymity of the Internet and encryption.

Google and Yahoo! announced in April 2004 that they would remove gambling-related advertisements on their sites on a totality basis. The move followed an United States Department of Justice announcement that, in what many claim is a contradiction to the Appeals Court ruling, the Wire Act relating to telephone betting is applicable to all types of Internet gambling, and any advertising of such gambling "may" be considered to be aiding and encouraging. Critics claim that the Justice Department's decision violates the law and should not be used to force companies to stop advertising. visit url protects the advertisements. Yahoo! Yahoo! has provided advertisements for on-line "play money" gaming since April 2005.

In February 2005, the North Dakota House of Representatives passed a bill to legally regulate and legalize online poker as well as online poker cardroom operators within the State. The CEO of Paradise Poker, an online poker site, testified in the State Senate and promised to move to the state if it became law. The bill was rejected by the State Senate in March 2005. Jim Kasper (the Representative who was the sponsor of this bill) intends to put this issue on the 2006 ballot in 2006.

Problem gambling

Since the internet allows gambling straight into the player's home There is a concern that online gambling can raise the risk of gambling addiction. The National Gambling Impact Study in the United States examined the relationship between problem gambling and accessibility. It concluded that having a casino within 50 miles of a player's home can double the number of gamblers who are considered to be problematic. This suggests that problems with gambling may also be made more prevalent because of the accessibility to gambling on the internet.

The report also mentioned the possibility that "the high-speed instant gratification of Internet games, as well as the privacy-enhancing features they offer may exacerbate problem and addiction to gambling". Bernie Horn, of the National Coalition Against Legalized Gambling, testified before Congress that the accessibility of online gambling "magnifies the potential destructiveness of addiction".



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