Should Online Gambling Be Legalized?
NO. Online Gamblingepartment of Justice considers such activities illegal.
Several U.S. lawmakers are trying to crack down on the industry by clarifying existing U.S. laws and making it easier to go after offenders. One of those measures, the Unlawful Internet Gambling Enforcement Act, seeks to curb online gambling by trying to cut off the money supply: the bill would outlaw the use of credit cards, checks or money transfers to settle wagers.
The bill is sponsored by Rep. Jim Leach (R-Iowa). The Wall Street Journal Online asked Rep. Leach and David Carruthers, chief executive of BetOnSports Plc, an online sports book and casino based in Costa Rica, to debate whether Internet gambling should be banned in the U.S. Theirs of the Internet are counterproductive for society. When consumers deal with an offshore entity, they give their personal financial information to unknown individuals, who, by definition, are engaged in criminal activity. Internet casinos introduce a gaming room in homes, offices and school dormitories with bettors who abdicate the comprehensive protections afforded by U.S. law.
Offshore Internet gambling sites sweep dollars out of the U.S. into largely unknown, often criminal hands. The potential threat of identity theft and fraud is high for the individual bettor just as the risk posed to our national security from terror and criminal organizations that control such sites or used them for money launder.Internet gambling's characteristics are unique: Online players can gamble 24 hours a day from home; children may play without sufficient age verification; and betting with a credit card can undercut a player's perception of the value of cash, leading to gambling addiction, bankruptcy and crime.
The illegal Internet gambling business is booming and the consequences of this unfettered illegal activity are profound. Americans will send nearly $6 billion to unregulated, offshore online casinos this year, nearly half of the $12 billion bet
Several U.S. lawmakers are trying to crack down on the industry by clarifying existing U.S. laws and making it easier to go after offenders. One of those measures, the Unlawful Internet Gambling Enforcement Act, seeks to curb online gambling by trying to cut off the money supply: the bill would outlaw the use of credit cards, checks or money transfers to settle wagers.
The bill is sponsored by Rep. Jim Leach (R-Iowa). The Wall Street Journal Online asked Rep. Leach and David Carruthers, chief executive of BetOnSports Plc, an online sports book and casino based in Costa Rica, to debate whether Internet gambling should be banned in the U.S. Theirs of the Internet are counterproductive for society. When consumers deal with an offshore entity, they give their personal financial information to unknown individuals, who, by definition, are engaged in criminal activity. Internet casinos introduce a gaming room in homes, offices and school dormitories with bettors who abdicate the comprehensive protections afforded by U.S. law.
Offshore Internet gambling sites sweep dollars out of the U.S. into largely unknown, often criminal hands. The potential threat of identity theft and fraud is high for the individual bettor just as the risk posed to our national security from terror and criminal organizations that control such sites or used them for money launder.Internet gambling's characteristics are unique: Online players can gamble 24 hours a day from home; children may play without sufficient age verification; and betting with a credit card can undercut a player's perception of the value of cash, leading to gambling addiction, bankruptcy and crime.
The illegal Internet gambling business is booming and the consequences of this unfettered illegal activity are profound. Americans will send nearly $6 billion to unregulated, offshore online casinos this year, nearly half of the $12 billion bet