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You Can't Uninvent the Internet

David Trunkfield is an analyst for the global online casino gambling industry and works as a consultant with the respected PriceaterhouseCoopers. Trunkfield recently shared his insight and advice about the current US internet gambling industry and the changes that are imminent since the US House Financial Services Committee passed through a pro-internet gambling regulation bill. Although the bill is not yet law and has some hurdles to overcome on that path toward full passage, Trunkfield spoke with the NY Times about the situation and perhaps his best piece of insight was the fact that governments all over the world are beginning to realize that you just can’t un-invent the internet. When countries like the US try to ban and block the offshore online casinos they are not considering the full scope of what the internet has brought the world – and the pervasive nature of the internet.

Although the European online casino gambling market is a bit more open than the US market at this point there are actually still some very real problems that have surfaced as nations attempt to protect their own state monopolies and gambling interests. Trunkfield though feels that the state run gambling monopolies are as ridiculous as the US’ attempts to completely block offshore online casinos through payment transactions. These countries that are choosing blocks instead of embracing legislation and regulated control of the industry are not living in the actuality of what is happening. You either try to regulate and tax it, or people are going to go to the offshore operators, where you don’t get any revenue," notes Trunkfield.

This is the message that even opponents of the online casinos have come to accept, that regulation and taxation are really the only methods of control for the market – anything else simply does not work effectively and is merely a denial of the nature of the internet.