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Sports gambling laws and regulations


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Sports betting laws differ from country to country. In the United States, sports gambling is regarded as illegal practically in most states save a few like Nevada, Montana etc. The legality and general acceptance of sports gambling is highly regulated in several European countries though not criminalized, but Europeans must know the best way to bet tax-free – excellent info at GertGambell.net. “Sports gambling” is considered 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 reputable that do not allow US residents to bet through them but with the appearance of the internet and offshore gambling sites it is getting more difficult to govern the sports gambling activities of Americans. For many years the US argued against the online gambling legalities by citing the Interstate Wire Act of 1961 passed to halt sports gambling activities between the states by using wire containing devices and the telephone. Considering that the internet was not yet invented during those times, legal experts today question whether the law actually pertained to the internet services or otherwise.

The Justice Department of America however claimed that the Wire Act did relate to all types of online or internet gambling. In 2006, The congress wrote the SAFE Port Act and passed it to raise the United States port security. Attached with this was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from utilization of electronic fund transfer or checks, credit cards etc to fund any internet gambling activity. arbitrage sports betting software

The thing that was important was the fact that the act dealt just with the funding of internet betting accounts and not the actual placing of the bet. Thus an online betting law attorney Lawrence Walters stated that this bill that was passed had no impact on the betting activity of the person but centered only around the restriction of specific transactions that were financial and relating to 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 specific 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 frame 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 upon 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 original 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.