Understanding the points of gambling ban

Gambling ban is important topic for those who are regular gambler or those who want to become a gambler. With the launch of online casino from Antigua in the mid of 1990s the popularity of online casino has increased continuously and today about 2,300 gambling websites are running all over the world. These online gambling websites have the power to attract people because of the convenience they provide to play a few hands and spin some reels anywhere from the office or from the home. From that time the gambling industry has flourished in the whole world. At the beginning lawmakers of different nations took time for gambling ban because they have not thought that online gambling will require some set of rules. Even territories having state-sanctioned gambling were not taken seriously.

Is gambling ban necessary?

The other reason of not applying gambling ban rule was the two types of thinking of the people. In many countries half of the population feels that gambling is wicked and should be banned completely whereas the owners and operators of traditional land-based casinos do not favor this. Studies show that online gambling turns over in excess of $84 billion a year. This has forced the traditional casino owners of some parts to have some legal act in stopping the growth of online gambling industry. Gambling ban is also necessary in those parts where online gambling industry is problem for economy returns. Several countries understand the potential that the online casinos bring and these nations are looking at ways of regulating it in the same way any other gambling operation would be.

The payments to gambling sites from banks and credit card companies were made illegal by the US Congress. The law targets the banks and credit card companies by making it illegal for them to transfer funds to internet gambling companies overseas. The EU, together with Canada and Japan, has also settled other sorts of compensation for the gambling sites.

But the gamblers can beat the gambling ban law by simply using their intermediary account to transfer funds to their online casinos. A number of individuals have used these payment options as a way of keeping their web purchase habits private or simply to keep tabs on a separate account. As the non-US based intermediary account is not a gambling organization the transfer to it is legal and one can then use these funds for whatever purpose he likes.

Due to the gambling ban in US many online casinos and poker rooms have banned further US membership and have stopped us players from betting on their sites. On the other are also some internationally based online casinos that are ready to sign up new US players offering substantial sign up bonuses as well. Gamblers can keep on gambling despite the internet gambling ban. The US based internet gamblers are free for online casinos or poker just like before. But they can’t use their credit cards or bank transfers to fund the activity directly. By using an intermediary payment system and going to the right online casino they can perform their work without breaking the gambling ban.