Is It Legal And Safe To Gamble Online?
Today, online gambling is a big business worldwide, with more than twelve billion dollars transactions per year. But is it legal and safe to gamble online? Well, there is good news for all the online gamblers out there.
Today, you will find most of the companies registered in jurisdictions where they are legal, for example, in places like Costa Rica, Gibraltar, the Channel Islands like Alderney, or the Caribbean Islands or Malta. Most of these online casinos have been in business since the mid-1990s and are very reputable forms of business.
In U.S. the question of whether it is legal and safe to gamble online is a highly touchy one. The year 2002 saw the prohibition of the transfer of funds for gambling via telecommunications lines, but did not prohibit one to gamble online on a game of chance. The years that followed did not specifically encourage people to gamble online with both Google and Yahoo! stopping any advertisements on online gaming on their sites in 2004. With the introduction of both the Internet Gambling Regulation and Enforcement Act, and the Skill Game Protection Act in 2007, the provision of internet gambling licenses were allowed along with recategorizing skill games such as poker, chess and bridge so that they wouldn't be affected by legislation against games of chance. So, as for now, it is legal in most states to gamble online.
With the various online watchdog entities like OGA and eCOGRA, most of the bad online casinos have been weeded out over time, based on the feedback and complaints by the players. Besides, none of the software manufacturers would want to tarnish their names and image by getting associated with unethical online casinos. Today many internet gaming companies have developed software for security and handling secure online transactions connected with real money accounts.
Most online casinos offer legal and safe online gambling today. One can deposit his money without any fear and be sure that the online casino will fulfill its commitments in terms of winnings, bonuses and promotions. With many methods of payments acceptable online by gambling companies, the players can rest assured about the safe transactions online. It is in everybody’s best interest to keep the online gambling environment safe for all players. So one can safely say that it is legal and safe to gamble online.