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Online gambling in the United States is threatened by the passage of the UIGEA Internet Gambling Enforcement Act. It took effect in 2007 and has since dramatically limited the online gambling population. Many gambling sites have stopped operating and many online gamblers control their desire to gamble for fear of being caught.
Such fear continues despite attempts to convince people. Some online gambling sites offer a gambling system in roulette in which the prize multiplies with a successful defeat. This martingale system aims to attract more players. Many people are not aware of this prohibition and are therefore not familiar with the specifications. This leads to the wrong idea, and therefore, an information campaign about UIGEA becomes necessary.
The main implication of UIGEA is to prevent the operation of online gambling sites, thus preventing players from gambling. This is US law and is being enforced in two ways. First, it forces the legal operation of gambling sites through qualifying assessments and the issuance of gambling licenses managed by the Financial Crime Enforcement Network, which will oversee the legality of the operation. Second, other games must be reclassified and redefined to be drawn; hence, games such as chess, roulette, and poker must be removed from the scope of UIGEA.
UIGEA does have a good safety outcome in gambling for US players. Because of tracking down various online gambling sites, it is almost impossible for them to escape, in case they commit a crime. The main problem is that UIGEA is driving the industry drastically. A more urgent situation is ineffective enforcement. Irregularities in law enforcement make UIGEA a cause of setback in the world of online gambling, no less.
UIGEA is enforced inefficiently so that it becomes the culprit of various big problems faced in online gambling today. The problem is mostly related to shareholders who invest funds in gambling sites. Because of the upcoming gambling ban, many shareholders withdraw their shares from online gambling sites for fear of bankruptcy. This decline caused many gambling websites to close down operations. As more sites are closed, people begin to believe that it will be the end of online gambling in the United States. Many of these online venues blame UIGEA for their closure and non-operation. What was supposed to protect the gambling market led to its imminent collapse.
Where can you draw the line between harmless gambling and problem gambling? How do you know if you or your friends are compulsive gamblers? Here you can find answers to these and other questions regarding gambling problems and gambling addictions.
What Does Gambling Mean?
The problem of gambling or compulsive gambling is defined as an uncontrollable desire to gamble despite the damaging effects of gambling on the gambler’s life and despite feelings of guilt and regret. Gambling problems tend to have a negative effect on the gambler’s financial situation, relationships and daily life. Severe problem gambling cases can be defined as pathological gambling.
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