The increasing growth of online gambling industry surpasses all the expectations when compared with land-based casinos and betting places. From the times when Internet Casinos, Inc., the first virtual online casino started operations back in 1995 until nowadays, not only the effects of online wagering on the established land-based industry came up, but also the need of broadening gambling laws and regulations.
Most of the online casino companies are located outside of the United States to avoid government prosecution because the United States Federal Appeals Courts has ruled about the Federal Wire Act prohibiting electronic transmission of information for sports betting across state lines, but there is no a specific law prohibiting gambling of any other kind. In fact, several states rule in favor of land-based gambling but having specific laws against online gambling of any kind.
While the internet has no frontiers, gambling seems to be ruled by physical country delimiters-boundaries. Gambling is legal and regulated in Caribbean Nations and most European countries, such as Malta and the United Kingdom from where wide arrays of online casinos...
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