Sports betting laws and regulations

Sports gambling laws are different from place to place. In the US, sports gambling is regarded as illegal 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 considered 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 plenty of sites that happen to be respectable that do not allow US citizens to bet through them but with the appearance of the internet and offshore gambling sites it is getting tough to govern the sports gambling actions of Americans. For quite a while the United States argued up against the internet gambling legal issues by citing the Interstate Wire Act of 1961 passed to halt sports gambling activities between states by using wire containing devices along with the telephone. Because the internet had not been yet invented during those times, legal experts today question whether regulations actually pertained to the internet services or otherwise.

The Justice Department of the US 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 raise 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. sport betting odds nfl

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. Therefore an Internet betting law attorney Lawrence Walters stated that the bill which was passed didn’t have impact on the gambling activity of the person but centered only on the restriction of certain transactions which were financial and relating to the banks and internet gambling sites. Thus the bill did not make internet gambling illegal but it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction instead of the actual 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 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 nation 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 gambling on the internet) violated their WTO rights. The WTO ruled in 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.