The online gambling market has grown a lot since its beginning in
the late 90s. Nowadays, people all over the world are gambling on the Internet.
The trouble is that it can be quite confusing to gamble when it comes to the
law. Some countries don’t allow gambling, while others do and it can be
confusing for any player who wants to keep themselves on the right side of the
law.
Quite a few people think that gambling is illegal all over the
world. However, some governments have found it profitable to allow casinos to
operate in their territory. This is why licensing authorities like the UK Gambling Commission have sprung up all
over the place. These regulatory authorities give out licenses and give
operators the legal authority to run gambling operations, while also providing a
legal recourse for some.
However, the laws can be bit cloudy. Some countries actually
prosecute the gamblers instead of the operators. This is because often the
operators are outside the government’s jurisdiction. The problem is if you are
a resident of Cyprus, Poland, North Korea, United Arab Emirates, Singapore,
Brunei, and Cambodia. In these countries, online gambling is illegal and
players who make wager or play online gambling games can be prosecuted. The
punishment can range from a simple fine to imprisonment. Some gambling licenses
specifically prohibit residents of some countries not to play on their licensed
sites. Legality can often be found in the terms and conditions set forth by an
online casino.
However, these laws are not fool-proof. There are several holes in
the laws. One of these is about playing at a Bitcoin casino.
Bitcoin occupies a gray area when it comes to legality and Bitcoin casinooperators have taken advantage of this to operate worldwide with no need for a
license. Bitcoin gambling should be your last resort when you’re doubtful of
the legal status when it comes to online gambling.