France has proposed new laws to regulate and tax online gambling. The government states that this move will help the country adapt to the new “Internet reality” while keeping betting exchanges illegal. But critics say that this move may have no legal basis. Let’s take a closer look at what it means for online gambling.
The internet gambling industry first gained popularity in the late 1990s. By the end of that decade, there were fifteen websites offering online gambling, and by the year 2000, the number had risen to more than 200. A Frost & Sullivan report said that in 1998, revenues from online gambling exceeded $830 million. This was the same year that online poker rooms were introduced. During the same year, the Internet Gambling Prohibition Act was introduced in the U.S. Senate. By the end of 1999, multiplayer online gambling became available.
Federal and state laws have different definitions of illegal gambling. While gambling is primarily a matter of state law, federal law often reinforces state laws. For this reason, states have expressed concerns about how the internet could be used to illegally gamble in their states. To ensure that gambling is legal in your state, be sure to read the relevant laws and regulations.
The online casino industry has diversified, enabling people to bet on their favorite sports or events from the comfort of their home. Many casinos offer mobile versions of their sites. Some even have apps to make playing more enjoyable. Often, these apps will include betting systems and odds converters to help you make better decisions.