The Xenophobic Nature of Online Gambling

Xenophobic Attitude Towards Online GamblingThe Xenophobic Nature of Online Gambling

As the UK changes its laws regarding offshore gambling jurisdictions advertising within the nation, Greece opening up its restrictive policies and the US on the verge of going online in some states, the question of financial borders will plays a massive role for the future of the world. While many see that the US is battling some moral and legislative debate regarding online gambling, the true fact of the matter is that US fears lean more towards the potential of financial meltdown by opening up its internet borders for US players giving their money to other nations. Certainly makes sense, as this is the same concern for the UK as it was for Greece in their fears of competition with their casino empire.

Is Gambling Truly a Revenue Driver?

At the heart of all things gambling, the purpose is often touted that gambling is a revenue driver, good for taxes, good for the people, but nations that are in a period of financially instability or rebuilding, are having to rely on a xenophobic mentality when it comes to their internet borders. The US is already leaking money left and right and if their legislation was not being so closely scrutinized before going full steam ahead, or their efforts to patch the leaks with Black Friday, they could very well sink their nation further by betting on online gambling. However, the slow process, with the exception of a few rowdy and impatient states vying for legislative attention to the matter, it would seem that Congress has the right idea in mind about protecting their international gambling borders through intra-country only endeavors. Will a UK whitelist mean much to the US once their online gambling is situated? Probably not, as this will most likely be a government controlled US whitelist or a duty passed along to consumer advocate groups.

World Gaming Community

A purposeful xenophobic period of a decade would give the US a strong foundation to enter into the world gaming community. Without this sealed-borders approach to online gambling, the US would have to shutdown online gambling operations as soon as they started up. The US even faces problems with interstate gambling and may very well have to rely on schemes such as used in their lotteries, where each state requires permissions to hold multi-state lotteries. Otherwise, states will need to govern their own gambling and IP’s from other states may need to be blocked for online gambling sites. This will, of course, mean that the federal government would need to regulate interstate online gambling through their Federal Bureau of Investigations. This may be a necessary evil for a number of years while that country gets a proper grasp on the fundamentals.

August 5, 2011 by : posted in Recent News No Comments