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Online Casinos Hypocrisy Called Out

The United States market is a magnet for negative global attention when it comes to the US’s online casino gambling policy. The US passed the UIGEA three years ago as a way to stop offshore online casinos from accessing the market while also providing carve-outs for specific internet gambling and betting markets within the US. Then, in a very strange case that has captured the attention of the international market, the Kentucky government attempted to seize the domain names of more than 140 companies that were associated with the foreign internet gambling industry. The case has been ridiculed as ridiculous by more than one industry analyst, but it didn’t stop the Kentucky government from taking the case to the Kentucky Supreme Court.

Now though, with the Kentucky government so obviously against online casino gambling, it’s a wonder that “account wagering” hasn’t been singled out. Actually though, perhaps it isn’t a wonder because account wagering gambling benefits the state of Kentucky directly through horserace wagering and betting. Because the gambling is beneficial it’s overlooked; the online casinos on the other hand send money out of the state (and the country for that matter). Account wagering has been going on for the past ten years and was not particularly targeted by the UIGEA and actions to stop computer betting and gambling in the US.

The basic process allows US gamblers to open and fund accounts that can then fund online betting habits. The biggest company offering this service that is growing in popularity is a Kentucky based company, Keeneland. Keeneland reports that account wagering has grown a lot over the past several years as the ban on online casinos and other sites make account wagering one of the only legal options in the US right now.