Sports betting laws and regulations

Sports gambling laws differ 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 highly regulated in several 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 increase their fascination with a sporting event thus becoming a big benefit to leagues, teams and players etc.

There are plenty of sites that happen to be reputable that do not allow US residents to bet through them although with the appearance of the internet and offshore gambling sites it truly is getting more tough to govern the sports gambling activities of Americans. For many years the US argued against the internet gambling legalities by citing the Interstate Wire Act of 1961 passed to halt sports gambling activities between states by making use of wire containing devices along with the telephone. Considering that the internet had not been yet invented at that time, legal experts today question whether the law actually pertained to the internet services or not.

The Justice Department of the US however claimed the Wire Act did refer 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 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 fund any internet gambling activity.

The thing that was important was the fact that the act dealt only with the funding of internet betting accounts and not the specific placing of the bet. Thus an Internet gambling law attorney Lawrence Walters stated that this bill which was passed had no impact on the gambling activity of the person but centered only on the restriction of specific transactions that were financial and concerning 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 specific act of betting by way of the individual.

Rep Barney Frank then introduced in 2007, the Internet Gambling Regulation and Enforcement Act in order 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 online 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 that the US (based on their sports gambling laws and ban on gambling on the net) violated their WTO rights. The WTO ruled for their favor and though the US appealed the initial 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.