Sports betting laws and regulations

Sports betting laws differ from place to place. In the United States, sports gambling is considered illegal in most states save a few like Nevada, Montana etc. The legality and general acceptance of sports gambling is highly regulated in numerous European countries though not criminalized, but Europeans must know the best way to bet tax-free – great info at GertGambell.net. “Sports gambling” is regarded by legalized sports gambling proponents as a sports hobby for sports enthusiasts to increase their fascination with a sporting event thus becoming a big benefit to leagues, teams and players etc.

There are plenty of sites that happen to be respectable that will not allow US residents to bet through them although with the advent of the internet and offshore gambling websites it truly is getting more tough to govern the sports gambling actions of Americans. For many years the US argued against the online gambling legalities by citing the Interstate Wire Act of 1961 passed to halt sports gambling activities between the states by using wire containing devices along with the telephone. Considering that the internet was not yet invented at that time, legal experts today question whether regulations actually pertained to the net services or otherwise.

The Justice Department of the US however claimed that the Wire Act did relate to all types 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 it was the Unlawful Internet Gambling Enforcement Act that prohibited US citizens from utilization of electronic fund transfer or checks, credit cards etc to finance any internet gambling activity.

What was important was the reality that the act dealt only with the funding of internet betting accounts and not the actual placing of the bet. Thus an Internet gambling law attorney Lawrence Walters stated that this bill that was passed had no effect on the betting activity of the person but focused only on the restriction of certain transactions that were financial and concerning the banks and internet gambling sites. Thus the bill failed to make internet gambling illegal but it made funding ones bet or wager on the web sites illegal criminalizing the financial transaction instead of the specific act of betting by way of 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 Rep.es McDermott introduced the Internet Gambling Regulation and Tax Enforcement Act to control betting sites on the web 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 upon their sports gambling laws and ban on gambling on the internet) violated their WTO rights. The WTO ruled in 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 as well as the right to penalize the US copyright and trademark laws.