Which is the Bad Guy?
As the US's Unlawful Internet Gambling Act takes over the news on finances and the WWW, so many people wonder what the true difference between Internet gambling and e-commerce is.
Let us take two people hanging in their workplaces risking money online, one is violating the legislative norms, at the same time the other one is not. One of these men is a day seller, and in spite of how you look at that fact, this man is risking his funds for the possibility to get back more money. I think that both men use the Internet for the same motive. Nonetheless, the one that is gambling online is at present taking part in a banned industry. Why illegitimate? For the reason that Government of the US doesn't get a cent of the revenues from the the army of online gamblers. The Government only levies tax money from the day online trader.
Daily residents of America lose billions of dollars on dealing with securities, not headquartered in Wall Street offices, but from their family rooms. This type of average people are not professional stock brokers, and they do not have any certificate - anyway they have no legal difficulties to carry on their illegal business.
As a matter of fact, the one single real difference between online commerce and online gaming is the amount of profits the US Government makes out of the businesses: Internet commerce = immense income; Online Gambling = not a single cent and lots of online casino bonuses for gamblers. We often hear that the US Congress passed the anti-gambling online ban for the same reason that they are not profiting from millions of dollars spent daily.
The US Government is saying that forbade online gambling to save American people from a hazardous activity - because it can easily ruin a persondestroy families by causing gamblers lose all their money. Still this will not affect the unlicensed traders, who are free to go on and trade stocks, which are not on internet. It is possible that no one would remember today the reason, why skyscrapers in New York have windows that don't open: it is to prevent all the day traders from plummeting to their death after losing it all!
Day traders generally get tips from a third party, and now and then they just guess at random. There was a time when many people were investing and making a lot of money, until this bubble burst and so many people lost everything they had and were left with just a pile of debts.
If online gamblers are famous for one thing, it's holding an interest in what they do. Almost nobody gambles online on a permanent basis without studying the games they play, various special ways, the figures and the art of gambling. When online players improve, they play with others at a higher level in online casino, but no beginner is forced to play poker with professionals.
There are real people in our days live on online gambling. Amateur gamblers earn up to $10,000 a month, and while still they are not the majority, they are the cream of the crop. All poker professionals are at the moment officially out of work thanks to the new online gambling ban, and negative casinos review in the web. And gambling professionals are not the only people left aside. Many people in the whole world are losing their jobs due to cutbacks in the online gambling industry.
If the US Government wants to save the people from loosing millions, why do they now let the legalized form of gambling called online commerce break the lives of regular people?
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