Re: Offshore Banking
Actually, this act does make the placing of a wager via the Internet illegal:
In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.
(B) Intrastate transactions.– The term “unlawful Internet gambling” does not include placing, receiving, or otherwise transmitting a bet or wager where –
(i) the bet or wager is initiated and received or otherwise made exclusively within a single State;
(ii) the bet or wager and the method by which the bet or wager is initiated and received or otherwise made is expressly authorized by and placed in accordance with the laws of such State, and the State law or regulations include
(bold mine and there are a whole lot of other specific exemptions)
In summary, it is illegal to place a wager over the internet unless your state has a law stating that it is legal.
Actually, this act does make the placing of a wager via the Internet illegal:
In general.– The term “unlawful Internet gambling” means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.
(B) Intrastate transactions.– The term “unlawful Internet gambling” does not include placing, receiving, or otherwise transmitting a bet or wager where –
(i) the bet or wager is initiated and received or otherwise made exclusively within a single State;
(ii) the bet or wager and the method by which the bet or wager is initiated and received or otherwise made is expressly authorized by and placed in accordance with the laws of such State, and the State law or regulations include
(bold mine and there are a whole lot of other specific exemptions)
In summary, it is illegal to place a wager over the internet unless your state has a law stating that it is legal.