US Gambling Culture Spreads To Wall Street

In 1995, we saw the advent of casino gambling on the Internet, including games of chance such as poker, blackjack and roulette, as well as Paris sporting events. In 2000, nearly 300 companies around the world about 2,000 Internet gambling sites operate. And 2005, revenues of the online game world should be more than U.S. $ 10 million for these operators when a total of $ 200 billion U.S. dollars would have been bet.

Gamma emission of heated debate since the beginning, crime, gambling online has claimed the U.S. Department of Justice and the halls of Congress. But as the Internet gaming sites are primarily offshore, residents of the United States is not currently responsible for violation of federal law, in the absence of precedent. However, individual states may authorize such activities illegal, going after the banks to avoid this operation, for example, but individuals were not prosecuted.

The prevalence of online gaming and enjoyed significant revenue from it has prompted major U.S. brokerage firms to claim their share. The issue is whether the DOJ will use the Wire Act of 1961, the law enforcement, and how long it will take before Congress can pass an agreement on new legislation that will help strengthen the Wire Act . The main thing is that the Wire Act is intended solely for paris place on the phone for sports bookmakers, and were largely put in place by then Attorney General Robert F. Kennedy, to counter organized crime and paris. About the law now applies to communication between a home computer and an establishment or casino not located in the United States is still a gray area.