Are Online Gambling and Online Trading Different?
Posted by admin on December 1, 2007Who of Them is the Bad Guy?
As the US's Unlawful Internet Gambling Act is taking over the news on money and the WWW, a great number of people are questioning what the true difference between Internet gaming and online commerce is.
Let us take two people sitting in their agencies both of them risk their money on Internet, while one of them is breaking the law, the other one is not. One of them is a daily trader, and with no respect to how you look at this fact, that businessman is risking his funds for the chance to get back more money. I suppose that both men are using the Internet for the same cause. On the other hand, the second is at the time taking part in an illegal business. Why illegal? Because Government of the USA doesn't get a single cent of the revenues from the online gambler. It only gets tax money from the day e-trader.
Every day residents of America lose several million dollars on dealing with valuable securities, which are not based in Wall Street offices, but from their family rooms. These usual men are not professionally trained stock brokers, and they do not have any license - still they face no legal blocks to risk their funds and get immense profits.
As a matter of fact, the single factual differing feature between internet commerce and online gambling is the amount of profits the US Government makes out of the businesses: Trading on internet = much money; Online Gambling = not a cent and lots of casino bonus for gamblers. It is rumored that the US Congress passed the anti-gambling online ban for the same reason that the government is not profiting from millions of dollars spent every day.
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