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Americans Can Learn From British Re Gambling Act

The British Gambling Act is something that the Americans should learn from. By recognizing the existing and growing online casino gambling industry, the British are making it safer for everyone. The Gambling Act, Britain’s way of regulating and controlling the ever-growing gambling industry, is something that the Americans should learn from. The British decided that it was about time to face the fact that the online casino gambling industry not only existed, but was growing at a phenomenal pace. They decided to find a way to regulate and control online casino sites before it was too late.

The Gambling Act aims to legalize online casino sites that comply with certain criteria. The Act will ensure that minors are kept well away from online casino sites; that people with potential problem gambling habits are monitored and that organized crime segments do not enter the online casino industry. The Gambling Act has been in the making for a while but will be implemented next year.

Instead of trying to ban online casino sites and gambling in America, the government should find a way to work with this ever-growing in industry. It exists, that is the fact, and making it even more illegal will not stop people from using online casino sites. Millions of Americans partake in the gambling pastime every year and there are over 2000 online casino sites on the internet. Tracking the use of gambling sites is very hard and instead of spending all the time and effort in legislating bans, the American government should follow Britain’s example and rather regulate the industry.

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.