English_Master May 3, 2016 No Comments
INTERNET GAMBLING There is a major issue to be dealt with, which is spread­ing with little regulatory oversight and no effective screens against participation by the young and the vulnerable. Internet gambling represents one of the fastest growing segments of online activity with more than seven hundred web sites now providing users the opportunity to wager everything from casino games to sporting events. According to internet re­search firms, the industry will pull in $1.5 billion in world­wide revenues this year. That figure is expected to hit at least $6 billion by 2006. Also, a survey conducted by the Pew Internet and American Life Project concluded that $4.5 mil­lion Americans have gambled online and that 1 million gam­ble online every day. There are many different issues dealing with the le­galization of online gambling. The current law dealing with online gambling is the Wire Transfer Act of 1961. Under this statute, the law is violated when telephone lines are used in interstate or foreign commerce to place wagers. The statute also bars the transmission of information that assists betters to gamble on sports events and contests. Recently, Congress have been active in seeking to pass further legislation to re­strict betting on the web. Last November, the Senate pro­posed the Internet Gambling...
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