Sports betting laws and regulations

Sports gambling laws differ from country to country. In the US, sports gambling is considered illegal practically in most states save a few like Nevada, Montana etc. The legitimacy and general acceptance of sports gambling is extremely 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 regarded by legalized sports gambling proponents as being a sports hobby for sports enthusiasts to increase their interest in a sporting event thus becoming a great benefit to leagues, teams and players etc.

There are plenty of sites that happen to be reputable that will not allow US residents to bet through them but with the appearance of the internet and offshore gambling sites it truly is getting tough to govern the sports gambling activities of Americans. For many years the US argued against the online gambling legal issues 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. Because the internet had not been yet invented during those times, legal experts today question whether the law actually pertained to the internet services or otherwise.

The Justice Department of the US however claimed that 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 US port security. Attached with it was the Unlawful Internet Gambling Enforcement Act that prohibited US residents from utilization of electronic fund transfer or checks, credit cards etc to fund any internet betting activity.

What was important was the reality that the act dealt only with the funding of internet gambling accounts rather than the specific placing of the bet. Therefore an Internet betting law attorney Lawrence Walters stated that the bill which was passed had no effect on the betting activity of the person but centered only around 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 web sites illegal criminalizing the financial transaction and not the actual act of betting by way of the individual.

Rep Barney Frank then introduced in 2007, the Internet Gambling Regulation and Enforcement Act as a way 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 country of Antigua and Barbuda in 2003 filed a complaint against the US with the World Trade Organization that the US (based on their sports gambling laws and ban on betting 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 and the right to penalize the US copyright and trademark laws.