Online gambling is a booming market. But with the recent spate of high profile scandals, there is growing concern among some players and regulators. So is it really safe and secure to gamble online? And if you do, what’s the best way to protect your personal information and your money?
There’s a good reason why online gambling is such a booming industry – it’s easy, convenient and it’s available 24 hours a day, seven days a week.
This is an ideal place for gamblers to get the entertainment they are looking for, and it’s also ideal for those who don’t have the time to go to a casino or sports book to bet. And it’s a good way for new players to get into the game.
Unfortunately, a number of high profile scandals have led to a lot of publicity surrounding the industry, and the เว็บพนันออนไลน์ ฝากถอน ไม่มี ขั้นต่ำ เว็บตรง has been on the defensive. The US Department of Justice (DoJ) and the Federal Trade Commission (FTC) are currently conducting an investigation into the online gambling industry, and the results are due in February 2015.
The investigation has already prompted some online operators to take action, with some suspending or ending their US online gambling services.
But can online gambling be safe and secure? The short answer is yes, it can, but there are steps you can take to protect your personal information and your money.
Internet Gambling Regulations
The DoJ and the FTC are concerned about online gambling companies transferring the financial details of customers from one jurisdiction to another, such as from the US to the UK.
This happens all the time. For example, a customer from the UK might deposit money into their online account, only to have it converted to dollars and then transferred to a US account, where it can be withdrawn. But there is nothing illegal about this, provided that the customer has agreed to the terms of the contract.
However, the DoJ and the FTC are concerned about players having their personal information stored in countries where it might be vulnerable to cyber attacks. Another thing they are concerned about is the industry selling players’ personal information. Online gambling operators have always had to collect personal information, such as name, address and date of birth.
But the DoJ and the FTC believe that a company should not be selling this information to third parties. This could be very damaging for a player. After all, if an online gambling operator has information about a player’s personal life, it might be able to blackmail them.