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With the US position still more confusing than in other developed countries, there’s still a lot US lawmakers could learn from licensed gambling markets elsewhere in the world. The position is of course constantly changing, and no more so than in recent months, when the outlook for gambling in the US changed significantly for the positive. Since 2006, it has been against the law for US payment processors to handle transactions relating to gambling business. Congress can regulate sports gambling directly, but if it elects not to do so, each state is free to act on its own.
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That virtually all online casinos were banned from operating on US soil. In 1996, sports bettors and bookmakers were legally connected via the Internet for the first time in the history of online gambling by the Austrian-based Intertops sportsbook. With that said, Kahnawake Gaming Commission was formed in 1996, becoming a legal body to issue operating licenses to new online casinos. Due to the impact it’s made on online gambling, CryptoLogic is often mentioned shoulder to shoulder with one of the biggest industry giants – Microgaming.
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