FBI and Online Sportsbooks

It’s been a while since all the fuzz between online sportsbooks, the FBI and US government began, still, sportsbooks continue working and some continue to take US players bets while the FBI and the government continue to try and make it as hard as possible for those living in the “land of freedom and opportunity” to wager.

Homeland-Security-Logo

As we gamblers continue to strive to make an honest profit through sports betting, the government and the FBI just add more stress to our life. They basically state that we have three options if we want to bet on sports; go to Nevada – the only place in the United States where betting on sports is permitted – go to a foreign country where this type of gambling is allowed, or f*ck off.

Where is the supposed freedom that we ought to have?

Although there have been several incidents on which sport events have been manipulated through several means to profit from those through bets – like the infamous case of the “Black Sox” – these should be controlled through other means instead of prohibiting us to bet on whatever we want.

Interestingly enough, the only type of bets which are strictly illegal due to federal law, are bets placed on sport events. This was defined through the Wire Act of 1961.

Any other type of gambling, whether online or in a brick-and-mortar venue is technically legal; the word technically comes up because the government passed the Internet Gambling Prohibition Act in 2006. However, such law states the following:

“Amends the federal criminal code to prohibit persons engaged in a gambling business from knowingly accepting credit, electronic fund transfers, checks, drafts, or similar financial instruments or the proceeds of any other financial transaction in connection with unlawful Internet gambling (this prohibition is defined by this Act as a “restricted transaction”). Directs the Secretary of the Treasury and the Board of Governors of the Federal Reserve System to prescribe regulations to identify and block restricted transactions. Grants immunity from civil liability for blocking a restricted transaction or one which is reasonably believed to be a restricted transaction.” (https://www.govtrack.us/congress/bills/109/hr4411#summary)

It affirms that it’s prohibited for persons to engage in a gambling business and accept credit, electronic fund transfers, checks, drafts or similar financial instruments or any other form of financial transaction in connection with unlawful Internet gambling; yet, the term “unlawful Internet gambling” is never defined.

Prosecution for gamblers is rare, still, losing our gambling venues (sportsbooks) or payment processors can be a real hassle, especially since we might have a considerable amount of funds in one of those.

What do you think; is there a brighter future on the horizon for non-Nevada sports betting enthusiasts?

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