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A New Black Market

The United States was one of the first countries to realize an enormous black market in the online casino gambling industry that cropped up as a result of harsh and restrictive gambling regulations. The US implemented the UIGEA which effectively banned offshore online casinos from accessing US players while still providing carve-outs for certain types of gambling that only US internet gambling companies could access. The only problem was – the internet gambling culture was already fully launched in the US and the removal of the licensed and honest online gambling companies has lead the way for additional unscrupulous sites to step in. The situation is now occurring in other countries that have chosen to place harsh limitations on the gaming industry.

Bulgaria is currently experiencing a big problem with the country’s black market for online casinos and internet gambling sites. The Bulgarian government has really put some very restrictive laws in place in the hopes of keeping tight control over the industry and the only thing it has really done is create a very large black market for gaming sites in Bulgaria. The fact that the internet is quite so pervasive is one of the main detractors for many governments, they feel that online casino gambling needs to be tightly leashed and the US and Bulgaria are making examples of themselves about how tight regulations and restrictions can massively backfire.

The black markets in these two countries are backfiring right now and the governments are searching for ways to continue tight control and blocking of certain types of online casino gambling while also stopping the growth in the dangerous black market.