Despite the fact that the US has had online gambling for decades, it has taken the federal government several years to regulate the industry. However, many states are starting to look at how to regulate online gambling sites.
In the beginning, gambling was considered illegal. In 2006, President George Bush signed the Safe Ports Act, which made it illegal for banks in the US to send money to offshore online gambling websites. This was a showpiece law.
While this law was a significant accomplishment, it did not come without its drawbacks. Most online gaming operators moved their businesses offshore to avoid US federal laws.
One of the more notable advances in the industry is the advent of digitalized currency, such as bitcoin. This technology allows people to gamble without having to give up any of their financial information. This is in stark contrast to the early days of online gambling when millions of dollars were wagered every day in an unregulated environment.
Although this technology has been around for a while, the actual use of the eWallet has only recently gained widespread acceptance. This is a great example of how the legal system can take a long time to catch up with the advances in technology.
While it is not exactly a miracle, the advent of pre-paid cards is an effective tool for budgeting and tracking gambling spending. These are also a good way to keep your gambling transactions out of your primary card statements.