Online gambling is a fast growing industry. Millions of people worldwide play online on a variety of platforms. However, you should be aware of some important factors before you start playing. Here are the essential things to consider when gambling online: Firstly, do your research. It is important to choose a reliable online casino to avoid getting cheated.
Online gambling is regulated by the government, as with any business. There are several different levels of regulation. The federal government has been involved in several enforcement cases related to online gambling. In one case, a US financial services company paid $10 million to settle a case involving Internet poker operators. In another case, the government has seized the assets of companies that participated in offshore gambling.
The Federal Information Technology Rules address online gambling. However, in some states, online gambling is illegal. For instance, in Maharashtra, online gambling is prohibited under the “Bombay Wager Act.” The Public Gaming Act of 1867 also prohibits online gambling. However, state laws tend to operate independently.
The American Banker published an article that reported that some US online gambling sites were using their facilities for illegal gambling activities. Sporting News has since agreed to pay a $4.2 million fine and launch a $3 million public service campaign.