why internet gambling prohibition will ultimately fail - Essay Example

Only on StudentShare

Extract of sample
why internet gambling prohibition will ultimately fail

They argue that the introduction of internet and telecommunication development will be an issue for concern regarding more problematic gambling. They view that nations acknowledge the potential dangers of internet gambling, but they fail to understand the dynamics of such dangers (Parke and Griffiths 2004 p. 298). The congress has passed laws prohibiting internet gambling but a study have shown that US citizens represent between 50% to 70% gambling customers worldwide thus making the enforcement of blanket internet gambling prohibition more difficult .
Griffith stipulates that the introduction of the Wire Act, which prohibits any gambling business to accept any bet, has also failed in its own way. Although there have been prosecutions under the act, it has presented discrepancies over its application. The phrasing of the law has seen different interpretation among courts while others perceive that it only applies to interactive wagering. This provides loopholes in the Wire Act thus preventing the prohibition of internet gambling.
The use of electronic cash has also proved to be a major hindrance in the prohibition of internet gambling. During transactions, various codes are used to identify internet-gambling activity. The codes cannot be used to differentiate between legal and illegal internet gambling activities, as they do not provide enough information.
The recent technological migration and advancement has proven to be a major hindrance in the internet gambling prohibition. The innovation and generation of new gadgets which are more lenient on providing discrepancies in control of internet gambling have rendered its prohibition more to fail than succeed. The enacted laws have also proven not efficient since they are open to discussion and are interpreted in more ways that are different by various institutions. The nature of gambling businesses to hide their information is also a major hindrance in internet gambling ...
Download paper

Summary

Online gambling is a risk taken on money and material things with value for unseen or unsure result using internet, with the intention of winning more money and more value that is material. Over the years, there have been campaigns to stop internet gambling, but the efforts are…
Author : stephancrist

Related Essays

Sports Gambling for Youth in the USA
Money is what makes the mighty and powerful superior to all others. Sports and gambling have always been a pastime of our society and it would only seem fitting for our youth to follow in the footsteps of the generations preceding their own. "Possibly the biggest reason for an increase in illegal sports wagering is that society accepts gambling and believes there are no victims. Gambling is becoming an everyday accepted activity in areas of America that never before had easy access. Virtually everyone can buy a lottery ticket, bet on a horse, or drive to a riverboat casino just a short trip...
8 pages (2008 words) Essay
Gambling as an Addiction
76 By some standards, including those of the present writer, it is unfortunate that many persons now without them are apt to develop gambling difficulties under legalized systems. But it is suggested that if this problem becomes particularly serious then the society might care to discover techniques to handle the situation that are a good deal more effective than those hit-and-miss, haphazard approaches now in fashion when gambling flourishes undercover....
7 pages (1757 words) Essay
Credit Card Industry and Internet Gambling
However, others consider this risk as trivial concern. The jurisdictional and anonymity concerns characteristic of Internet gambling make online gambling a potentially strong means for money launderers. The small number of prosecuted instances of money laundering linked to Internet gambling is credited to oversight and a lack of solid parameters (Hugel & Kelly 2002: 58). Still, officials form the gaming and credit card industries and regulatory agencies do not consider that Internet gambling was any more vulnerable to money laundering than other forms of electronic trade (Hugel & Kelly 2002:...
3 pages (753 words) Essay
The growth of Internet betting and gambling sites and the credit card companies response.
Further, law enforcement agencies state that Internet gambling is sometimes used for money laundering (Hugel & Kelly 2002: 57). However, others consider this risk as trivial concern. The jurisdictional and anonymity concerns characteristic of Internet gambling make online gambling a potentially strong means for money launderers. The small number of prosecuted instances of money laundering linked to Internet gambling is credited to oversight and a lack of solid parameters (Hugel & Kelly 2002: 58). Still, officials form the gaming and credit card industries and regulatory agencies do not...
3 pages (753 words) Essay
Gambling Industry
ingapore Government in order to introduce the casinos officially in the international market was in 2005 by providing licenses to two of the casinos in Singapore. There were many controversies and remarks that went against the policy but today after taking proper legal actions and control the government have recorded to generate large incomes in terms of tax revenues from the gamblers. Another reason why gambling is so important for the economy is that it attracts customers from all around the world. Therefore, it enhances the growth of tourism sector, which is another major contributor to the...
10 pages (2510 words) Essay
Gambling
There was a time when gambling was considered illegal or a disrespectful activity but now it has become a Multi-billion dollar activity in most parts of the world. In many parts of the world funding charities and other voluntary works are heavily funded with the money raised from gambling. People tend to fantasize that what they would do when they would win the lottery but mostly people rely on buying lottery tickets and some occasionally gamble with intentions that their lives are not seriously affected with it. After the approval of legalizing gambling in the United States, there has been a...
8 pages (2008 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!