Is internet gambling legal??

Exactly 15 days back i haven faced an Interview. Almost i crossed 2 rounds and my third round is the group discussion. Our topic is to discuss Is internet gambling legal or The laws of Internet gambling.

According to me this issue became more complicated. At first  Online Gambling prohibited in the they year 1997. Sen. Jon Kyl (R-Ariz) first introduced the bill called as Internet Gambling Prohibition Act of 1997. Exactly after two years online gambling had growth of 300 million dollar Industry and almost about 38 online casino sites are introduces in the year. Now you decide about how much money transctions are going in the year 2008 and how many sites are introduced.. Now you question yourself  Is internet gambling legal?? If it is illegal then how come government indexes 1000’s of  casino sites in major search engines? The answer depends on the circumstances.

There is lots of difference between making bets, casino bets, facilitating payments to casinos and even there is lot of difference between  casino wagering and sports betting.

According to Professor I. Nelson Rose, one of the world’s leading gambling law authorities:

“no United States federal statute or regulation explicitly prohibits Internet gambling, either domestically or abroad.” Still, the US government has taken the position that certain things are illegal, and more importantly, certain things are worthy of prosecution. The Wire Act is the statute most often cited as making on-line gambling a federal offense. The operative subsection reads: “Whoever being engaged in the business of betting or wagering knowingly uses a wire communication facility for the transmission in interstate or foreign commerce of bets or wagers or information assisting in the placing of bets or wagers on any sporting event or contest, or for the transmission of a wire communication which entitles the recipient to receive money or credit as a result of bets or wagers, or for information assisting in the placing of bets or wagers, shall be fined under this title or imprisoned not more than two years, or both.”

Different contries have different laws.Becase of this reason there is no exact answer for the question Is internet gambling legal. Answer for this question depends on different circumstances.

You can get more information over here : http://en.wikipedia.org/wiki/Online_gambling

Related posts:

1. Advantages and disadvantages of internet banking
2. How to make huge amount from your local market?
3. How can i Install IIS ( Internet Information Services ) on my Windows XP ???
4. How to delete Internet Explorer temporary files ??
5. Internet security jobs for hackers