Still a Big Day
Gambling through the internet is increasingly becoming a big issue for gamblers
in the United States as more and more of the reputable online casinos back out
of the market. The US government’s passage of the UIGEA support regulations are
just one more reason why the gambling companies are avoiding US players.
Seemingly, this is precisely what the US government intended with the UIGEA and
its regulations. The reality though is a bit less positive. With major betting
and gambling events like the recent Super Bowl, US gamblers are still heading
out to the online casinos – but now their using the sketchy companies and
putting themselves at risk.
As the major online casino gambling and betting companies have excited the
market – those companies that are registered and licensed out of the respectable
gaming jurisdictions and listed on the London Stock Exchange – smaller companies
are willing to fill that gap. Now that the Super Bowl has come and passed, the
industry analysts are some of the first to note that regulations and
restrictions against the online casinos in the US is only hurting the country
right now. With the regulations easily ignored through “creative” payment
processing methods, US gamblers can still find sites willing to take bets and
gambles. Essentially, the online gambling market has turned into a black market
of sorts where all of the services are still available and offered, but there is
a much greater risk involved for all those willing to use the black market.
The Super Bowl has been used as a prime example of how regulations of gambling –
especially through the online casinos – is very nearly impossible to completely
ban and block. This goes doubly true for a country the size of the United States
– with the huge and complex banking system coupled with a population of citizens
that could have bank accounts in several countries, a ban like the UIGEA is
almost laughable at times. |