Legal Aspect Of Betting Online
Are there any legal issues of betting online? Well, this question does arise in the mind of many players. Although at present, thousands of people are involved worldwide in betting online industry, the legal aspect of betting online may vary from country to country. This might be a little confusing especially for those who are still new to betting online. This article will share some exact information regarding legal aspect of online betting in different countries.
Antigua and Barbuda
Studying the legality of betting online in the Antigua and Barbuda, which is an island nation, it licenses online betting and gambling entities. It had filed a complaint about the U.S. government's actions which are a hindrance to betting online to the World Trade Organization. The United States influenced the appeals stating that the laws were a necessity for protecting public health and morals. However, the resistance on these grounds was eventually rejected as its laws relating to remote online gambling did not apply equally to foreign and domestic betting online companies. At present, many of the betting online companies functioning out of Antigua are publicly traded on various stock exchanges, specifically the London Stock Exchange.
Australia
The IGA or Interactive Gambling Act 2001 was passed by the Australian Government on 28 June 2001 to protect Australians from the damaging effects of gambling and betting online. Targeting the providers of betting online services, the IGA makes it an offence to provide an online gambling but it is not an offence for Australian residents to gamble or bet online. The legal aspect of betting online in Australia reflects that betting online is also completely legal here.
France
In 2009, France projected new laws to regulate online betting and gambling. The new regulations regarding the legal aspect of online betting, with an objective to adapt to the "Internet reality”, support and give licenses to those best betting online sites who respect public and social order. Betting exchanges will remain illegal under the new plans.
India
Online betting and gambling is considered illegal in Maharashtra and is banned. Other acts or legislations are quiet with respect to online gambling and betting in India. So the legal issues of betting online in India are still ambiguous.
Israel
The Israel gambling law does not submit particularly to online betting and gambling. In 2005, the Attorney General in Israel ordered all online betting and gambling to close their businesses. It also commanded credit card companies to close down all cooperation with online betting and gambling sites.
Russia
In Russia, the legislation, enacted in 2006, bans online betting and gambling altogether.
United States
Some states in US have precise laws against online betting and gambling of any kind. Also, operating an online betting and gaming site without proper licensing would be illegal. Studying the legality of betting online, currently no states are currently granting gaming and betting online licenses. A Joint Committee on Taxation analysis found that regulating and legalizing online betting and gambling as planned in pending legislation would make nearly $42 billion over a period of 10 years. Recently, the House Financial Services Committee held a hearing where professionals in the fields of online security and consumer safety confirmed that a regulatory framework for online gambling would not only protect consumers but also ensure the reliability of online gambling financial transactions.
