Just like its physical predecessor, Web betting is under state regulation in every country that has legalized it. Given that the industry is among the fastest growing wings of the sector, you have to familiarize yourself with the legal regulations that control it. Doing so allows you to bet legally to avoid getting yourself into avoidable trouble with the authorities. But before proceeding, where is online gambling legal in the world? Getting answers to this question is the aim of our post. Get more details as we progress.
Where is online gambling legal in the world? The answer to this question is not complete unless we bring the US into the equation. Just like many other nations, the US is realizing the advantages of regulating online betting instead of banning it. The only challenge right now is that the federal laws regulating Internet betting is not clear. Amidst all this ambiguity, 70% of Americans take part in online betting without facing any legal consequences given the private nature of the engagements since most of them do it in private.
Enforcement and Regulations
Despite the heavy regulations that mark this industry, authorities in the field concede that it is still challenging to monitor it fully. The reason behind this challenge is that it has an anonymous nature that complicates efforts to do so given that some of its participants sign up from their residence. This complexity raises concerns with some quarters questioning the rationale of formulating laws that are difficult to track and enforce. Additionally, some experts are suggesting that governments should regulate the industry instead of imposing a blanket ban on its activities. But the good side of the story is that most of the nations which had formerly banned online betting are realizing this fact and embracing regulation. For gamblers, it is wise to follow these regulations to remain on the right side of the law and enjoy whatever little you win.
Here is a List of Countries That Have Legalized Online Betting
However, this list is not comprehensive since we have more than 70 countries that have legalized this type of betting. Should you need more information on a country that is not on our list, you are free to conduct your further investigations because the limited scope of this post does not allow us to list all of them.