An article was published this week in MSU Today discussing the American government's attempts to control online gambling and referring to it as "a convoluted mess". The article further points out that licensing and regulation would provide protection for gamblers.
Michigan State University business scholars did a study and says they are the first to estimate the costs and benefits of the Unlawful Internet Gambling Enforcement Act of 2006.
“The online gambling industry is at the point where it wants controlled regulation”, said, Mark Johnson, MSU finance professor and study co-author.
“We conclude that both the industry and individuals – including underage and problem gamblers – would be better off if regulation exists.”
“Internet gambling is expected to continue to grow,” said Johnson. “And while it’s unclear which types of online gambling will be and won’t be legal in the future, if the U.S. government more clearly defines ‘legal gaming,’ the benefits and risks associated with investment in all areas of the industry will be altered.”
Check out the article in its entirety here.
sharpe
8 years ago
It's OK if the US government thinks about the online players and these regulations are similar in all of the states, maybe that is going to help for the protection of the players. Maybe the problem is that any state have a different rules and laws for the online gambling and this probably create some confusions in the authorities....
It's OK if the US government thinks about the online players and these regulations are similar in all of the states, maybe that is going to help for the protection of the players. Maybe the problem is that any state have a different rules and laws for the online gambling and this probably create some confusions in the authorities. I think sooner or later the online gambling will be legalized in all of the states.
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victoria.gibbons 8 years ago
I just wish they would make up their minds, I think online would be a good thing instead of continue to build land base casinos. People are going to play on line any way.
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jade
8 years ago
What? Regulation does exist. The US says it is legal in states that allow it and in states where it is legal, regulations exist. These regulations in the legal states are evolving as we speak just like regulations in other countries that allow online gambling. I'm not sure that this article says anything we don't already...
What? Regulation does exist. The US says it is legal in states that allow it and in states where it is legal, regulations exist. These regulations in the legal states are evolving as we speak just like regulations in other countries that allow online gambling. I'm not sure that this article says anything we don't already know. Now, universal regulation, that does not exist and IMO, that is where the focus should be .....
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barebones
8 years ago
I suppose that this could actually bring some positive change. As there are a lot of shady sites that will find any excuse to refuse players to pay out their winnings I think a clear set of rules/laws could only be beneficial to the players.
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advoghado
8 years ago
The legalization of online gambling, with the creation of rules, seems inevitable, we can only know when it will happen. As quoted in the original article, the online gambling, nearly tripled in the last decade, and even in the US, there are some sites that offer online games, but with restriction in some states as an example...
The legalization of online gambling, with the creation of rules, seems inevitable, we can only know when it will happen. As quoted in the original article, the online gambling, nearly tripled in the last decade, and even in the US, there are some sites that offer online games, but with restriction in some states as an example Carbon Poker. Anyway, I think a definition with clear rules only bring benefits to all parties involved (government, gaming websites, players)
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