Sports betting laws and regulations
Sports betting laws are different from country to country. In the US, sports gambling is regarded as illegal practically in most states save a few like Nevada, Montana etc. The legitimacy and general acceptance of sports betting is extremely regulated in numerous European countries though not criminalized, but Europeans need to know the best way to bet tax-free – great info at GertGambell.net. “Sports gambling” is regarded by legalized sports gambling proponents as being a sports hobby for sports fans to enhance their fascination with a sporting event thus becoming a big benefit to leagues, teams and players etc.
There are many sites that happen to be respectable that do not allow US residents to bet through them although with the appearance of the internet and offshore gambling websites it is getting more difficult to govern the sports gambling actions of Americans. For quite a while the US argued against the internet gambling legalities by citing the Interstate Wire Act of 1961 passed to stop sports gambling activities between states by using wire containing devices along with the telephone. Considering that the internet had not been yet invented during those times, legal experts today question whether regulations actually pertained to the net services or otherwise.
The Justice Department of the US however claimed the Wire Act did relate to all types of online or internet gambling. In 2006, The congress wrote the SAFE Port Act and passed it to raise the US port security. Attached to this was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from usage of electronic fund transfer or checks, credit cards etc to fund any internet betting activity.
The thing that was important was the fact that the act dealt only with the funding of internet betting accounts rather than the actual placing of the bet. Therefore an Internet betting law attorney Lawrence Walters stated that the bill that was passed had no effect on the gambling activity of the individual but centered only around the restriction of specific transactions which were financial and relating to the banks and internet gambling sites. Thus the bill failed to make internet gambling illegal nevertheless it made funding ones bet or wager on the internet sites illegal criminalizing the financial transaction and not the actual 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 frame Rep.es McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act to control betting sites online and collect tax on all bets made.
The nation of Antigua and Barbuda in 2003 registered a complaint against the US with the World Trade Organization that the US (based on their sports gambling laws and ban on betting on the net) violated their WTO rights. The WTO ruled in their favor and though the United States appealed the initial ruling was upheld on plenty of occasions. The WTO awarded Antigua and Barbuda trade sanctions worth $21 million and the right to penalize the United States copyright and trademark laws.