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WTO a Big Factor for Online Casinos

The American online casino gambling situation is only continuing to heat up and gain momentum this month as the World Trade Organization begins to reassert claims that the US’ current internet gambling policy is in direct violation of international treaties for fair trade. The Bush Administration was notoriously known for implementing inconsistent policies that only applied when the WTO’s rulings were in accordance with the Administration’s particularly conservative beliefs. The Obama Administration has taken a completely different tactic toward the issue about offshore online casinos accessing the US market –his admin has been silent on the issue up until now claiming a need to focus on reinvigorating the US economy as the recession hits hard. But this is not sitting well with the European Union and the WTO organization and pressure from this front may very well force the US to readdress the online gambling situation in the very near future.

The conservative’s case is growing weaker by the day as the international community begins to voice opposition to the US government’s continued implementation and enforcement of the UIGEA. The offshore online casinos were forced out of the US market as a result of the UIGEA and the Obama Administration has done nothing to address its position on internet gambling. The EU is pushing forward on compensation and damage claims that could reach as high as $100 billion because of the US’s discriminatory policies that protect forms of US internet gambling but specifically block offshore and foreign companies. The EU claims that this law is in direct contravention to the notion of personal freedom that is so integral to the American democratic system.

Barney Frank has noted that the renewed effort from the WTO and the EU is likely going to help push along his efforts to repeal the UIGEA and instead implement a licensing and regulatory system that would allow foreign online casinos to enter the market with licenses and following strict regulations.

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