What You Should Know About Online Gambling
Online gambling is growing in popularity. While it’s a great way to pass time, it’s also a source of financial ruin. If you’re thinking about trying your hand at it, there are some things you should know before you start.
There are several federal criminal statutes that are implicated in illegal gambling on the internet. These include the Wire Act and the Illegal Gambling Business Act.
These statutes prohibit illegal gambling on contests, on sports events, and interstate commerce. They also ban the accepting of financial instruments in connection with an Internet bet.
However, there’s more to it. The Wire Act and the Illegal Gambling Act are just two of the seven federal criminal statutes that can be used against people who engage in illegal gambling on the internet.
In addition to these federal statutes, there are various state-level laws that regulate gambling. Some states, such as New York, prohibit players from using interstate facilities to engage in unlawful activities.
There are also provisions in the Racketeer Influenced and Corrupt Organizations (RICO) Act. These criminal statutes are intended to prevent people from running an illegal gambling business. The RICO provisions include some elements that are intended to weed out low level gambling cases.
One of the more controversial issues in the United States is whether the First Amendment can prohibit the federal government from prosecuting people for engaging in illegal gambling. The Commerce Clause has been raised as a possible defense.