Saturday, December 1st, 2007...7:29 am
Is there any Difference between Online Gambling and Online Trading?
Who's the Bad Guy?
As the US's Unlawful Internet Gambling Act is taking over the news on finances and the Internet, a lot of people are starting to wonder what the actual difference between online gaming and internet commerce is.
Let us take two people sitting in their bureaus risking money online, one is violating the law, at the same time the other one is not. One of these businessmen is a day seller, and in spite of how you look at that, that man is risking his funds for the chance to raise his revenues. I think that both these men are using the Internet for one motive. Still, the second is now participating in a dishonest industry. Why illegitimate? Because Government of the US is not getting a single cent of profit from the the army of online gamblers. It only levies tax money from the day e-trader.
Every day residents of the USA lose immense sums of money from trading marketable investments, that are not situated in Wall Street business centers, but from their lounges. Those simple people are not trained stock dealers, and they do not have any legal permission - still they do not have any official impediments to carry on their illegal business.
To tell the truth, the single factual differing feature between online trading and online gambling is the the scale of investments the US Government receives from the industries: E-commerce = much money; Online Gambling = nothing and lots of new casino bonuses for gamblers. It is rumored that the US Congress passed the anti-online gambling ban exactly for the abovementioned reason that the government is not getting any revenues of the millions spent daily.
The US Government says that banned gambling on Internet to keep Americans away from a hazardous activity - one that can addict playersruin families by causing gamblers lose all their money. Still this will not affect the unlicensed traders, who are free to go on and trade valuable securities, which are not online. It is possible that no one would remember today the reason, why skyscrapers in New York have windows that don't open: it is not to let all the traders from plummeting to their death after losing it all!
Traders generally receive tips from person, and occasionally they just guess at random. There was a time when everyone was investing and making a lot of money, until the bubble burst and many were left with nothing but a pile of debts.
If online gamblers are famous for one thing, it's holding an interest in what they do. It seems like nobody gambles on Internet on a consistent basis without studying the games they play, various special ways, the statistics and the art of gambling. When online players improve, they play via others at a harder level in online casino, but no beginner is forced into a poker room with professionals.
There are real people today live on gambling online. Amateur gamblers earn up to $10,000 a month, and while still they are not the majority, they are the cream of the crop. All poker professionals are by this time officially out of work thanks to the new online gambling ban, and negative casinos review in the web. And gambling professionals are not the only people left aside. Many people around the world are losing their jobs because of the cutbacks in the online gambling business.
If the US Government wants to save Americans from loosing millions, so why do they now let the legalized form of gambling called online trading ruin the lives of average people?
Comments are closed.