Are Online Gambling and Online Trading Different?

Posted on December 1st, 2007

Which is the Bad Guy?

While the US Illegal Internet Gambling Act is taking over the news with stories of money and the WWW, a lot of people are starting to wonder what the factual difference between Internet gaming and internet commerce is.

Imagine two people sitting in their agencies risking money on Internet, while one of them is breaking the legislative norms, at the same time the other one is not. One of these two businessmen is a daily merchant, and with no respect to how you take that fact, this man is risking his money for the chance to profit from the trade. I believe that both these men use the Internet for the same reason. But, the latter is currently participating in an unlawful industry. Why illegal? As Government of the USA is not getting a single cent of the income from the the army of online gamblers. It only gets tax money from the day trader.

Daily residents of the USA lose immense sums of money on trading capital issues, that are not located in Wall Street business offices, but from their lounges. This type of normal people are not high-class stock dealers, and hold no license - in spite of all this they face no legal obstructions to carry on their illegal business.

To tell the truth, the one single real difference between online trading and online gambling is the scale of funds the US Government receives from the businesses: Day trading = large revenues; Gambling Online = nothing and lots of casino bonus for gamblers. Today they say that the US Congress is working on the anti-gambling online forbidding law for the same reason that the government is not getting any revenues of the millions spent each day.

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