Online Casino Makes US Legal Online Gambling Prospects Even Money
There is much debate as to whether the Obama administration and the new Congress will act to legalize and regulate online gambling. While the general agreement is that the mood on Capitol Hill should be friendlier to Internet casinos than in recent years, there is also worry that online gaming will have a tough time attracting notice as a cause while such dire economic and international circumstances continue, absorbing the concentration of the President and Congress.
But one way to measure the probability of an event is to consult a bookmaker. As anyone who has ever laid down a football bet minus 5 1/2 on the point spread only to lose as his team wins by five knows, the study and precision of bookmaker predictions is enough to inspire awe.
In that vein, William Hill, the prominent United Kingdom bookmaking firm, has offered to accept bets as to whether online casino gambling will be legalized during the current Obama administration. William Hill is taking the bet at even money, a good measure of an objective view of the situation.
While the arguments for legalization and regulation are numerous and forceful, including better protection of all consumers including children and problem gamblers, better guarding against money laundering, the creation of a massive revenue source for public funding, and the removal of the constraints of the UIGEA from the overtaxed US financial system, opponents are deeply rooted in their unreasoning zealotry. Combined with the need to address other concerns by those men of logic who support regulating online casinos, William Hill has figured the proposition to equal a coin flip.
Still, some of the very issues preventing online gambling from reaching the forefront of the political discussion would be eased by regulating Internet casinos. The new revenue base could fund many projects, while at the same time easing growing nervousness among trade partners about US protectionism. I bet heads.
Help Spread the News