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http://www.economist.com/node/16539402Attempts to ban online gaming are doomed to fail. Better to legalise, tax and regulate the habit
Jul 8th 2010
PROHIBITION destroyed America’s once-robust brewing industry, made smugglers rich and did nothing to curb drinking. Outlawing drugs has been a similarly spectacular failure. There is little reason to suppose that the latest line in American prohibition—an effort to ban online gambling—will fare any better.
In 2006 Congress passed the Unlawful Internet Gaming Enforcement Act, which made it illegal for financial institutions to transfer funds between punters and online-gambling sites. Some companies promptly pulled out of the American market. But others stepped in, and the opportunities to bet online have expanded elsewhere in the world. So, after a brief dip, Americans are now betting online about as much as they did four years ago. The Justice Department still maintains that online gambling is illegal, yet large numbers of Americans carry on regardless. The reason is simple: anyone who wants to gamble and has an internet connection can do so.
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11 July 2010, 6:58 pm #1
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The Economist - Online gambling article
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12 July 2010, 6:41 pm #2
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I think that prohibition is not the best way to deal with online gambling. Why not legalise, tax, and regulate online betting and online casino gaming, if it would bring additional income to the government and more job opportunities, plus (IMO) a way to set a focus more on responsible gambling, since if the gaming sites have a license to operate legally, they should be implementing a very strict policy on verifying the identity of players and avoiding impulsive gambling activities.
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13 July 2010, 4:47 pm #3
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I envision that online gambling will be unprohibited in the US someday.
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20 July 2010, 7:04 pm #4
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I was just talking with Calvin & team about this article...he thinks its the best summary of the global online gaming industry ever produced.
Originally Posted by MediaPlexaKris
Becky
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20 July 2010, 8:23 pm #5
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Initially I heard the podcast, then read the article. Both outstanding. Had to post it here. Originally Posted by BodogBecky
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20 July 2010, 10:50 pm #6
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Also, not sure if you guys saw it, but CasinoCity.com is mentioned in the article under the "Log on, Ante up" tab- I love it!
http://www.economist.com/node/16507692
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21 July 2010, 8:27 am #7
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This is great stuff. Laying things out how they are. Glad to see it!
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27 July 2010, 1:50 am #8
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China will get there too
Some of the world top professors gambling experts also have this view.
It might even happen in China too, though it will probably go under the hat of social gaming.
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