Are Online Gambling and Online Trading Different?
Which is the Bad Guy?
As the US's Unlawful Internet Gambling Act is taking over the news with stories of finance and the world wide web, many wonder what the true difference between online gaming and online commerce is.
Now, let us take two persons sitting in their agencies both risking their money online, one is breaking the law, at the same time the other one is not. One of them is a day merchant, and with no respect to how you look at it, this person is venturing his money for the possibility to profit from the trade. I suppose that both these men are using the Internet for one and the same motive. Nevertheless, the latter is at the moment participating in an illegal business. Why illegitimate? Since Government of the US is not getting a single cent of the income from the the army of online gamblers. It only gets tax money from the day e-trader.
Daily Americans lose billions of dollars on dealing with valuable securities, which are not located in Wall Street business centers, but from their drawing rooms. Those average men are not professionally trained stock dealers, and they do not have any legal permission - in spite of all this they have no official barriers to carry on their illegal business.
Actually, the one single actual differing feature between online commerce and online gaming is the amount of money the US Government receives from the businesses: Day trading = large revenues; Gambling Online = no money and lots of casino bonus for gamblers. It is said that the US Congress passed the anti-online gambling ban for the exact reason that people are not profiting from millions of dollars spent every day.
The US Government says that banned gambling on Internet to save the American public from a dangerous free-time activity - and destroy families by causing players go bankrupt. Yet they continue to allow unlicensed persons to trade papers, that are not on internet. It is very likely that no one can remember now for which reason large buildings have windows that don't open: it was made on purpose to prevent all the day traders from jumping down and being crashed to death after losing all their money!
Day traders generally get advice from person, and at times they merely guess and place orders as luck would have it. In the past all people were investing and making a fortune, until the bubble burst and so many people lost everything they had and were left with just a pile of debts.
If online gamers are famous for something, it's holding an interest in what they do. It seems like nobody gambles online on a permanent basis without learning the rules of the games they play, various special ways, the statistics and the art of gambling. When online players improve their skills, they play via others at a harder level in top online casino, but no beginner is forced to play poker with professionals.
Some people now are making their living on online gambling. Amateur gamblers earn up to $10,000 a month, and although they do not form the major part, they are the ace of aces. All these professionals are at the moment officially out of work because of the new online gambling ban, and negative casinos review in the web. And gambling professionals are not the only people left aside. So many people around the world are losing their jobs because of the cutbacks in the online gambling business.
If the US Government wants to save Americans from loosing millions of dollars, so why do they still let the legalized form of gambling called online trading ruin the lives of average people?
