Money Laundering Myth and Online Gambling

November 28, 2017 @ 10:28 PM

Welcome back to our blog series on online gambling. In today’s blog, we are going to explore the topic of money laundering and online gambling’s impact on the whole thing. The main question we’re asking today is if online gambling makes it easier for criminals to launder money.

 

Now, if you take a walk down the memory lane, you might recall that we did debunk this in our “Debunking Online Gambling Myths” series. However, we didn’t really go into details. So, we’re going to take the opportunity to do that now.

Let’s start by exploring a few more myths....

The “FBI says online gambling boosts crime” argument... Let’s make it very clear – the FBI never issued a.........

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Online Gambling Pros and Cons

November 21, 2017 @ 10:24 PM

In our last 3 blogs, we did everything from discussing the political aspects of online gambling to actually debunking some of the anti-online gambling rhetoric. But, what we didn’t discuss was whether online gambling is really worth all the debate.

 

Well, we can’t really say for sure and that’s’ exactly why we’ve decided to list out a few pros and cons. Maybe you could make up your own mind after going through everything.

Pros

Online gambling offers a ton of benefits to those interested. To begin with, online gambling services are online, in that, they are offered through websites and that means they are accessible round the clock. More importantly, they can be accessed from any location. All you .........

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Part 2: Debunking Anti-Online Gambling Arguments

November 14, 2017 @ 10:03 PM

We are back again with Part II of “Debunking Anti-Online Gambling Arguments”. In this continuation of our previous, blog, we’ll be looking at two more key arguments that the anti-online gambling crew utilizes.

 

Argument 3: Online gambling will lead to more problem gambling.

A simple Google search on the topic of problem gambling will lead you to several studies on the issue. However, there is very little empirical evidence to support the idea that online gambling legalization will lead to an increase in the current problem gambling rates.

In fact, a cursory look at the statistics will tell you that problem gambling figures have remained more or less the same since the launch of online gambling sites. In fact, as.........

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Debunking Anti-Online Gambling Arguments

November 10, 2017 @ 9:48 PM

Continuing from our earlier blog on “The Politics of Online Gambling”, we’re going to take a look at some of the common arguments that online gambling opponents use to "win" the debate. But, we aren’t just going to stop with looking at those arguments. We’re all going to point out the holes in them.

 

 

Argument 1: Online Gambling Encourages Under-Age Participation

This isn’t the opposition’s most commonly used weapon. However, it does pop up once in a while. So, what’s the problem with this argument? Well, there is no such thing as a foolproof solution to any problem. There are always going to be exceptions.

So, saying that banning online gambling will prevent under.........

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Online Gambling Politics

November 7, 2017 @ 9:37 PM

Pennsylvania just became the 4th American state to legalize online gambling and there are still whispers about Microsoft’s secretive patent no. 0125691.

online gambling newsIn other words, it’s clear that something big is happening in the U.S. of A as far as online gambling is concerned and considering the latest developments, the news seems to be good.

Of course, that’s only got the opposition riled up even more. Online gambling critics have an infinite supply of arguments against legalization, which they do not hesitate to use each time an opportunity arises.

When taken at face value, some of their arguments do make sense. However, when you apply the magic wand of in-depth analysis, the cracks start to show. In fact, a lot of their .........

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