Are Online Gambling and Online Trading Different?
Which is the Bad Guy?
At the same time as the US's Unlawful Internet Gambling Act is taking over the news on finances and the world wide web, a lot of people ask themselves what the actual difference between Internet gaming and internet commerce is.
Let us take two people sitting in their offices both of them risk their money on Internet, one is breaking the law, at the same time the other one is not. One of these two people is a daily trader, and no matter how you take this fact, this person is venturing his funds for the possibility to have an interest of each transaction. I guess that both men are using the Internet for one motive. However, the latter is at present taking part in an illicit business. Why illegitimate? For the reason that Government of the US doesn't get a cent of profit from the online gambler. The Government only gets tax money from the day e-trader.
Daily residents of the USA lose millions of dollars on dealing with capital issues, not headquartered in Wall Street offices, but from their lounges. Such common men are not trained stock brokers, and they do not obtain any license - still they face no official difficulties to conduct this kind of business.
Really, the only real difference between day trading and online gaming is the amount of profits the US Government receives from the businesses: Online commerce = large revenues; Gambling Online = not a single cent and lots of online casino bonus for gamblers. It is said that the US Congress passed the anti-online gambling ban exactly for the abovementioned reason that the country is not getting any revenues of the millions spent day in day out.
The US Government says that forbade gambling on Internet to save the American public from a hazardous free-time activity - leave a person broke and miserableruin families by causing gamblers go bankrupt. Still this will not affect the unlicensed traders, who are free to go on and trade stocks, which are not on internet. It is possible that no one remembers for which reason large buildings have windows that don't open: it was made on purpose not to let all the traders from plummeting to their death after they have lost all their money!
Day traders generally receive advice from person, and every now and then they simply guess and place orders as luck would have it. In the past many people were investing and making a fortune, until the bubble exploded and many were left with nothing but a pile of debts.
If online gamblers are famous for something, it's taking an interest in what they do. It seems like nobody gambles on Internet on a permanent basis without studying the games they play, various special ways, the figures and the art of gambling. When online gamblers improve their skills, they play with others at a harder level in online casino, but no beginner is forced into a poker room with professionals.
Some people now live on gambling online. Amateur players earn up to $10,000 monthly, and while still they are not the majority, they are the cream of the crop. All these professionals are at the moment officially out of work due to the new online gambling ban, and negative casinos review in the web. And gambling professionals aren't the only ones suffering. A lot of people in the whole world are losing their jobs due to cutbacks in the online gambling industry.
If the US Government is willing to save the people from loosing millions, why do they still let the legalized form of gambling called internet commerce break the lives of average people?
