Posted by: Alicia Middleton in Gambling Expert on January 21st, 2012
Im sure this brief recap will serve to see the progress the states are making in their quests to legalize and regulate online gambling.
1961 The Interstate Wire Wager Act of 1961 bans bets over telecommunications systems that cross state lines or national borders.
2006 – The Unlawful Internet Gambling Enforcement Act of 2006 curbs a boom in online gambling by prohibiting businesses from accepting payments from a bet or wager that involves the use of the Internet. Online gambling sites, which previously generated an estimated $6 billion a year from poker alone, are driven underground.
In 2006, both Ron Paul and Barney Frank strongly opposed H.R. 4777, the Internet Gambling Prohibition and Enforcement Act, and H.R. 4
In the modern world, technology plays a major role in the development of various gambling games and practices. Similarly, technology plays an equally important role in marketing and popularizing such games. One of the most popular and fast growing market for the gambling industry is the internet. Even then, technology is not solely to be blamed for the spreading popularity of gambling games especially in the recent past. The effects of gambling should not only be linked to technology as there are offline gambling markets that are equally showing off particular potentials in the creation of social concerns.