How to Avoid Online Gambling Frauds
There are a number of issues surrounding online gambling, including the safety and security of online casinos, as well as money laundering and consumer protection. Many states have not yet legalized online gambling, and even those that do are regulating it on a state-by-state basis. However, some countries have made strides to regulate the industry and prevent abuse.
The Unlawful Internet Gambling Enforcement Act of 2006 places restrictions on certain types of internet-based gambling. It also limits financial institutions from transacting with illegal Internet gambling sites. However, the Act does not clearly define what constitutes an illegal gambling website. Previously, it was generally assumed that the federal Wire Act prohibited all forms of online gambling, but that statute does not apply to poker, lottery, and casino sites.
In addition to the financial and health concerns, online gambling is illegal. In the United States, 31 U.S.C. 5362(10) states that internet gambling that involves betting is illegal. Moreover, Internet gambling that involves gambling is deemed unlawful if it is carried out within a single state. The best way to avoid being prosecuted is to avoid gambling on the internet altogether.
One way to avoid online gambling scams is to play with a trustworthy online casino. Live dealers are expensive to run, so online casinos only offer a few games in this format. In contrast, virtual games are cheaper to run. Because the running costs of virtual games are low, online casinos can offer hundreds of different games.