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You Can't Lose Your Money: 1

Creative companies in the United States are increasingly looking for ways to tap into the lucrative gambling market in the U.S. while staying within the federal regulations set forth in the UGIEA. The easiest idea is a membership based gambling site that still offers lucrative prizes while not actually having the gamblers risk their own funds in any way.

A company from Scottsdale, Arizona announced the new program – and the best part yet is the fact that the site is set up to benefit several charity organizations in addition to providing a fun gambling experience that is similar to real-money online casinos offered outside of the U.S. Another plus for the site is the fact that, at this point, there has been no valid opposition to the launch of the online gambling site.

The new site, CharityStakes.com, allows members to pay a set monthly amount and in trade a portion of the membership dues will go toward charitable organizations or political causes and another portion of the dues go toward the sports pools and prizes. The UIGEA is a piece of federal legislation designed to stop foreign (and hypothetically domestic) online casinos from offering their services to U.S. players. The Act stops the transactions between financial institutions and the alleged online casino gambling sites. Charity Stakes though claims that its format is completely legal and cannot even really be classified as internet gambling.

The site allows members to pay a set monthly amount of $19.95 which gives them complete access to the site and to unlimited access to the site’s handful of online casino games. The key to the equation is the fact that members never have to pay more than their membership fee to participate in any of the site’s betting pools or online games – this means that there is no actual risk to the gamblers and thus not actually classified as internet gambling.