Sports gambling laws and regulations

Sports betting laws are different from country to country. In the US, sports gambling is considered illegal in most states save some like Nevada, Montana etc. The legitimacy and general acceptance of sports betting is extremely 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 regarded by legalized sports gambling proponents as a sports hobby for sports fans to increase their interest in a sporting event thus being a big benefit to leagues, teams and players etc.

There are many sites that happen to be reputable that do not allow US residents to bet through them but with the advent of the internet and offshore gambling sites it truly is getting difficult to govern the sports gambling actions of Americans. For many years the United States argued up against the online gambling legalities by citing the Interstate Wire Act of 1961 passed to stop sports gambling activities between the states by making use of wire containing devices along with the telephone. Because the internet was not yet invented during those times, legal experts today question whether regulations actually pertained to the net services or not.

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

The thing that was important was the reality that the act dealt just with the funding of internet betting accounts rather than the specific placing of the bet. Thus an online gambling law attorney Lawrence Walters stated that this bill that was passed didn’t have impact on the gambling activity of the person but centered only on the restriction of certain transactions that were financial and concerning the banks and internet gambling sites. Thus the bill did not make internet gambling illegal nevertheless it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction and not the specific act of betting by way of 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 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 the US (based on their sports gambling laws and ban on betting on the internet) violated their WTO rights. The WTO ruled in their favor and though the US appealed the original ruling was upheld on lots of occasions. The WTO awarded Antigua and Barbuda trade sanctions worth $21 million and the right to penalize the US copyright and trademark laws.