The New Online Gambling Law

online gambling

Antigua and Barbuda, two nations that have banned online gambling, are seeking to have the United States reverse its ruling. The governments of these two countries argued that the United States was violating international trade agreements by regulating online gambling. The World Trade Organization ruled in 2004 against the United States, ruling that online gambling was a form of trade and that U.S. laws were unfair. But the United States refused to change its position.

Today, the worldwide online gambling market is valued at USD 53.7 billion and is expected to expand at a CAGR of 11.5% from 2020 to 2027. Factors driving market growth include high Internet penetration, increasing use of mobile phones, and legalization. Corporate sponsorships and celebrity endorsements are also expected to fuel market growth. A comprehensive analysis of the global online gambling market will help investors decide whether or not this is the right decision for their business.

However, the new law is not as clear about payment processors that are not connected to casinos. It is unclear what the new law will mean for privately-owned payment processors, which aren’t regulated in the U.S. and don’t need to disclose how they make their money. Because of this uncertainty, many people believe that people who gamble online will find a way to circumvent the law. And some of these people may even be willing to use private payment processors located in other countries.