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 legality and general acceptance of sports gambling is highly regulated in several European countries though not criminalized, but Europeans must know the best way to bet tax free – excellent info at GertGambell.net. “Sports gambling” is considered by legalized sports gambling proponents as a sports hobby for sports enthusiasts to increase their interest in a sporting event thus becoming a big benefit to leagues, teams and players etc.

There are plenty of sites that are respectable that will not allow US citizens to bet through them although with the advent of the internet and offshore gambling sites it is getting difficult to govern the sports gambling actions of Americans. For quite a while the US argued against the online gambling legalities by citing the Interstate Wire Act of 1961 passed to stop sports gambling activities between states by making use of wire containing devices along with the telephone. Considering that the internet was not yet invented during those times, 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 citizens from utilization of electronic fund transfer or checks, credit cards etc to fund any internet betting activity.

The thing that was important was the reality 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 didn’t have impact on the gambling activity of the person but centered only on the restriction of specific 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 internet 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 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 filed 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 for 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 US copyright and trademark laws.