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Where's the Threat? 3

The global online casino gambling industry has applied a mixed approach toward containing and controlling the internet gambling market. For the UK, some very strict gaming laws, backed by a strong regulatory framework has ensured that the UK internet gambling industry is one of the safest (and most liberal in the world). The US on the other hand has created a regulatory black-hole, where the online casinos are neither properly regulated nor are they effectively blocked from the market. This is really the most dangerous system in place for the US internet gamblers. With the US’s attempts to block foreign internet gambling sites, they have effectively created a black market for the industry where the sites are flourishing well out of the site and control of the government.

This type of online casino gambling industry surely poses the biggest threat to online casinos – there is no checks and balances system in place to ensure that the internet gambling sites accessing the US market have the licensing and back-end support necessary to operate within, and payout to, the US. Nations running monopolies are attempting a sort of hybrid regulatory environment that is not likely to prove very effective unless the nations enact censorship laws that force the completely block the internet gambling sites at the ISP level.

Australia and Sweden are considering going down this route and it is causing a lot of fervor over the infringement on civil liberties that could stem from the government choosing what internet content is available to the masses. To provide the maximum amount of safety to gamblers, a strong regulatory environment where the gaming sites are named and licensed is the most effective way to protect gamblers from underage and problem gambling, which seems the chief two concerns.