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Online Casino Poker and the Law

When it comes to online casino poker, the United States is a contradiction in terms. An estimated 80% of the online casinos poker market is made up of players from the US. And it is the only market that allows this online casino poker industry, worth about $2 billion, to operate in an unregulated environment. This fact is quite surprising as doors are open to underage gambling, fraud, excessive gambling, money laundering, and collusion because of a lack of regulation in the law.

It seems that when it comes to online casino poker the US is moving in the opposite direction of the rest of the world. The US is continuing to prohibit this type of gambling and, so far, refusing to change the law regarding the online gambling sector. This thriving industry is in potential danger of collusion during poker games, overspending by online casino poker players, underage gambling, and other problematic situations and factors that could penetrate this successful market.

It is unknown if the US will ever accept the online casino poker industry. Demanding safeguards for this online casino sector would be beneficial to those who play at the online casinos. But until the US decides to legalize online casino poker, regulation is an issue that will be avoided and disregarded for a long time to come. In the meantime, online poker fans will continue to play, and yes, it will have to be at their own risk and their own discretion.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.