Tech Philadelphia

Is there any Difference between Online Gambling and Online Trading?

December 1st, 2007

Who's the Bad Guy?

While the US Illegal Internet Gambling Act is taking over the news with stories of investments and the Internet, a lot of people ask themselves what the actual difference between Internet gaming and online trading is.

Now, let us take two persons hanging in their workplaces both risking their money on Internet, while one of them is violating the law, the other one is not. One of them is a day trader, and no matter how you take that fact, that businessman is risking his money for the chance to raise his revenues. I think I can make a suggestion that both these men are using the Internet for the same aim. But, the one that is gambling online is at present participating in an illegal industry. Why illegal? Because Government of the USA is not getting a single cent of the income from the online gambler. The Government only gets tax money from the day e-commerce-dealer.

Every day residents of America lose immense sums of money from trading stocks, which are not located in Wall Street business centers, but from their living rooms. This type of common people are not trained stock dealers, and hold no certificate - yet they have no official impediments to conduct this kind of business.

In fact, the one single factual differing feature between e-commerce and online gambling is the amount of profits the US Government profits from the businesses: E-commerce = immense income; Online Gambling = nothing and lots of online casino bonuses for gamblers. It is said that the US Congress is working on the anti-gambling online forbidding law exactly for the abovementioned reason that people are not profiting from millions of dollars spent daily.

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