As you might have been told, Congress has taken a major step towards banning all gambling on the internet.
In lieu of trying to prohibit gambling websites that are illegal, which is impossible to accomplish since most are not in the US They are instead seeking to render processing payments or handling them illegal. In the end, gamblers will not be able use debit or credit cards, or even direct transfers to US banks to fund their accounts.
Proponents of the ban say the internet’s wide availability makes it easy to gamble and leads to gambling addictions as well as financial issues.
Internet gambling websites are believed to earn an annual revenue of $12 billion. The majority of that is from gamblers from the US. The critics of the proposed law claimed that controlling the gambling industry and collecting taxes would be more efficient than banning it. Prohibition didn’t work for alcohol. It doesn’t work with gambling.
The government was able to control online betting, and also take advantage of tax revenues. An analysis from the past estimates Internet poker that, if it was taxed and controlled can earn an federal tax revenue of $3.3 billion annually.
Instead, they’ve turned banks into police. 메이저사이트They’ve also proposed to increase the maximum punishment for violators between two and 5 years of prison.
Two Republican lawmakers who drafted this bill Bob Goodlatte of Virginia and Jim Leach of Iowa managed to sneak in exemptions for the racing industry for horses and state lotteries. It’s not fair for them to permit online lotteries as well as Internet wagering on racing horses, while also taking a hard line against other types of gambling, such as poker and casino games like poker.