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Second Life to Shut Virtual Online Casino Industry?

Millions of people around the world have already discovered the virtual phenomenon called Second Life. This virtual real-time simulation of a 3D world has become a major hit, and many people use their virtual identities to walk, talk, and even purchase in an all 3D online environment. The online environment is meant to provide an alternative world for users. People can communicate with one another and perform every day activities, like they do in real life. You are probably asking yourself; are online casino services allowed to gamble inside the virtual world? Until recently, the Second Life project was very thrilled about virtual gambling and many online casino fans found a new way to gamble online.

However, with FBI agents invited to check things out, the legal situation concerning online casino gambling in the virtual environment is about to change. Although, there is no real money involved, the prospect of people wagering over virtual money that suppose to represent the currency of the virtual world does not sit well with the law, and online casino gambling in Second Life might be stopped. Currently, the owners of the projected announced that commercials for virtual online casino gambling services are no longer permitted inside the Second Life world. One of the most apparent results of the intervention of the United States’ law enforcement agency is the fact the one of the simulation casinos have stopped catering for virtual identities of users that resident in the United States – Unlawful Internet Gambling Enforcement Act, anyone?

The simulated online casino venues inside the virtual world are a huge hit, and there are many people playing inside Second Life all the time. This unique experience combines the pros of online casino playing with the atmosphere that land-based casinos offer, it’s a real excitement adventure. The Second Life project is trying to imitate life, and if online casino gambling is banned in the US in real life, the company might adopt the same lines to avoid legal confrontation.

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.