Laws on Online Gambling – What Are They?
The current laws on online gambling vary a great deal depending on whereabouts in the world you are. In the Korea, the Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006, but unsurprisingly, this has not stopped millions of South Koreans enjoying the many delights of gambling online.
Although the laws on online gambling in the South Korea restrict the transfer of money directly from Korea bank accounts to online casino sites, the casinos have found ways around the problem. Most casinos online operate an e-wallet system whereby money is transferred from a bank account or credit card into an e-wallet, and from there it can be spent in the online casino.
So despite the rules and regulations, there are always ways to beat the system for those who look hard enough. However, many experts believe that the laws on online gambling in the Korea could well change in the near future as 먹튀검증업체 the South Korea government begins to wake up to the realisation there is a great deal of lucrative tax revenue to be earned if gambling online is legalized in the Korea. Whilst Congress might have a moral objection to online gambling, in the current economic climate an extra few $billion in the government’s purse would hardly be unwelcome.
But if the laws on online gambling in the Korea are too restrictive for you, try the Caribbean-gambling is legal in Antigua and many of the big online casinos operate out of this tiny Caribbean country. Gambling online in casinos is also legal in most of the EU and some provinces in Canada.