Online Gambling is a form of gambling where players place bets on virtual games through the Internet. Typically, gamblers access these websites through their computers, mobile phones or tablets and play for real money.
The industry is a lucrative one with an estimated global revenue rate of $92.9 billion, but also faces many challenges. This includes keeping the business thriving while ensuring the safety of the consumer.
There are many laws and regulations that govern the gambling industry, so it is important to know your legal rights before playing online. Generally, the best way to find out whether online casinos are legal is by checking with your local jurisdiction.
Legitimate online casinos should display a license and have it regulated by the government bodies in charge of regulating and licensing online gambling. This ensures the integrity of the site and makes it difficult for scammers to operate.
In Canada, online gambling is a growing industry and the market is slowly being regulated province by province. This will make it easier for Canadian players to choose safe and secure gambling sites.
The Laws of Online Gambling
In the United States, the Unlawful Internet Gambling Enforcement Act (UIGEA) limits banks and payment processors from processing transactions with online gambling sites that are illegal under federal or state law. However, the UIGEA does not clearly define what constitutes legal online gambling. Nevertheless, many online casinos have stopped accepting payments from American customers, due to the uncertainty surrounding the legality of online gambling in the U.S.