Sports gambling laws and regulations
Sports betting laws differ from place to place. In the United States, sports gambling is considered illegal practically in most states save some like Nevada, Montana etc. The legality and general acceptance of sports gambling is highly regulated in several European countries though not criminalized, but Europeans need to know the best way to bet tax free – excellent info at GertGambell.net. “Sports gambling” is regarded by legalized sports gambling proponents as a sports hobby for sports fans to enhance their fascination with a sporting event thus becoming a great benefit to leagues, teams and players etc.
There are plenty of sites that are respectable that will not allow US citizens to bet through them but with the appearance of the internet and offshore gambling sites it truly is getting difficult to govern the sports gambling activities of Americans. For quite a while the United States argued against the online gambling legal issues by citing the Interstate Wire Act of 1961 passed to halt sports gambling activities between the states by using wire containing devices along with the telephone. Because the internet had not been yet invented at that time, legal experts today question whether regulations actually pertained to the net services or not.
The Justice Department of the US 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 to this was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from usage of electronic fund transfer or checks, credit cards etc to fund any internet betting activity. sport betting expert
What was important was the fact that the act dealt just with the funding of internet betting accounts rather than the actual placing of the bet. Therefore an online gambling law attorney Lawrence Walters stated that the bill that was passed didn’t have impact on the gambling activity of the individual but centered only around the restriction of specific transactions which were financial and concerning the banks and internet gambling sites. Thus the bill did not make internet gambling illegal but it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction instead of the specific act of betting by way of the individual.
Rep Barney Frank then introduced in 2007, the Internet Gambling Regulation and Enforcement Act in order to legalize internet sports gambling and at the same time Rep.es McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act to control betting sites online and collect tax on all bets made.
The nation of Antigua and Barbuda in 2003 registered a complaint against the US with the World Trade Organization the US (based on their sports gambling laws and ban on betting on the net) violated their WTO rights. The WTO ruled in their favor and though the US appealed the original ruling was upheld on plenty of occasions. The WTO awarded Antigua and Barbuda trade sanctions worth $21 million and the right to penalize the United States copyright and trademark laws.