Online Gambling is the act of gambling via the internet. It is a convenient way to place bets on games from the comfort of your own home, and it has become one of the fastest-growing industries in the world.
The legality of online gambling varies from state to state. Some states have legalized and regulated online sports betting, while others have banned it.
Federal Law on Gambling
There are several federal laws that prohibit gambling on the Internet. Some of these laws are more specific than others, but they all have common elements. For example, section 1955 of the Unlawful Internet Gambling Enforcement Act (UIGEA) restricts a gambling business from accepting financial instruments from an individual who places a bet or wager over the Internet.
UIGEA is an effective tool to stop illegal gambling in the United States. Nevertheless, it can be confusing to understand the statute and its implications for gambling businesses.
Using an e-Wallet is a good way to fund your online gambling account without compromising your personal information. These services allow you to fund your account in a secure way, and they also offer optimal anonymity.
Purchasing pre-paid cards is a great option for those who want to keep their gambling transactions separate from their primary card statements, or who wish to impose limits on spending. Many reputable online gambling sites accept pre-paid cards, and they can be used as an alternative to credit and debit cards.