Sports betting laws and regulations

Sports betting laws are different from place to place. In the US, sports gambling is considered illegal practically in most states save a few like Nevada, Montana etc. The legitimacy and general acceptance of sports betting is extremely regulated in several European countries though not criminalized, but Europeans need to know how 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 plenty of sites that happen to be respectable that do not allow US citizens to bet through them but with the advent of the internet and offshore gambling websites it is getting tough to govern the sports gambling activities of Americans. For quite a while the US argued against the internet gambling legal issues by citing the Interstate Wire Act of 1961 passed to stop sports gambling activities between the states by using wire containing devices along with the telephone. Considering that the internet had not been yet invented at that time, legal experts today question whether regulations actually pertained to the net services or not.

The Justice Department of America however claimed 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 increase the United States port security. Attached with this was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from usage of electronic fund transfer or checks, credit cards etc to finance any internet betting activity. sure bets betting exchange

The thing that was important was the reality that the act dealt just with the funding of internet gambling accounts and not the actual placing of the bet. Therefore an online betting law attorney Lawrence Walters stated that this bill which was passed didn’t have impact on the betting activity of the person but focused only around the restriction of specific transactions that were financial and relating to the banks and internet gambling sites. Thus the bill failed to make internet gambling illegal but it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction instead of the specific act of betting by the individual.

Rep Barney Frank then introduced in 2007, the Internet Gambling Regulation and Enforcement Act in order to legalize internet sports gambling and also at the same time frame Rep.es McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act to regulate betting sites online and collect tax on all bets made.

The country of Antigua and Barbuda in 2003 filed a complaint against the US with the World Trade Organization the US (based upon their sports gambling laws and ban on betting on the net) violated their WTO rights. The WTO ruled for their favor and though the US appealed the original ruling was upheld on plenty of occasions. The WTO awarded Antigua and Barbuda trade sanctions worth $21 million as well as the right to penalize the United States copyright and trademark laws.