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Safe And Secure Internet Gambling Initiative
The Safe and Secure Internet Gambling Initiative promotes an individual's freedom to online gambling, gamble online in the interest of creating safeguards to protect consumers and ensure financial transactions are legal and safe. Background The initiative was founded by a coalition of members who support efforts to legalize Online gambling, internet gambling, which would allow for it to be properly regulated. Such bills have been proposed in the House of Representatives by Rep. Barney Frank (D-MA) and Rep. Jim McDermott (D-WA). Since it was created in 2007, more than 1,200 people have registered their support for the initiative to Legalized gambling, legalize and regulate online gambling. In 2013, representative Joe Barton introduced the Poker Freedom Act which prohibited the use of credit cards for internet poker. Safe and Secure Internet Gambling Initiative plead the representative to reconsider the ban on credit cards deposits for consumer protection. References External link ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Gambling
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today the market is worth around $40 billion globally each year, according to various estimates. Many countries restrict or ban online gambling. However it is legal in some states of the United States, some provinces in Canada, most countries of the European Union, and several nations in the Caribbean. In many legal markets, online gambling service providers are required by law to have some form of licence provide services or advertise to residents there. For example, the United Kingdom Gambling Commission or the Pennsylvania Gaming Control Board in the United States. Many online casinos and gambling companies around the world choose to base themselves in tax havens near their main markets. These destinations include Gibra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Safeguard
A safeguard, in international law, is a restraint on international trade or economic development to protect communities from development aggression or home industries from foreign competition. In the World Trade Organization (WTO), a member may take a safeguard action, such as restricting imports of a product temporarily to protect a domestic industry from an increase in imports causing or threatening to cause injury to domestic production. In the United Nations Framework Convention on Climate Change, safeguards are intended to protect indigenous peoples and other local communities with traditional knowledge of natural resource management within efforts towards reducing emissions from deforestation and forest degradation. The WTO and UNFCCC concepts are related within international law. Background With UNFCC processes, safeguards became of concern in the 2010 United Nations Climate Change Conference. Within the WTO, safeguard measures were available under the General Agreemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transaction
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on principles of gift economy and debt. In a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Gambling
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today the market is worth around $40 billion globally each year, according to various estimates. Many countries restrict or ban online gambling. However it is legal in some states of the United States, some provinces in Canada, most countries of the European Union, and several nations in the Caribbean. In many legal markets, online gambling service providers are required by law to have some form of licence provide services or advertise to residents there. For example, the United Kingdom Gambling Commission or the Pennsylvania Gaming Control Board in the United States. Many online casinos and gambling companies around the world choose to base themselves in tax havens near their main markets. These destinations include Gibra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barney Frank
Barnett Frank (born March 31, 1940) is a former American politician. He served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013. A Democrat, Frank served as chairman of the House Financial Services Committee from 2007 to 2011 and was a leading co-sponsor of the 2010 Dodd–Frank Act. Frank, a resident of Newton, Massachusetts, was considered the most prominent gay politician in the United States during his time in Congress. Born and raised in Bayonne, New Jersey, Frank graduated from Bayonne High School, Harvard College and Harvard Law School. He worked as a political aide before winning election to the Massachusetts House of Representatives in 1972. He was elected to the U.S. House of Representatives in 1980 with 52 percent of the vote. He was re-elected every term thereafter by wide margins. In 1987, he publicly came out as gay, becoming the first member of Congress to do so voluntarily. From 2003 until his retirement, Frank was the leading ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim McDermott
James Adelbert McDermott (born December 28, 1936) is an American politician and psychiatrist who was the U.S. representative for from 1989 to 2017. He is a member of the Democratic Party. The 7th District includes most of Seattle, Vashon Island, Tukwila, Burien, Shoreline, Lake Forest Park, Lynnwood, Mountlake Terrace, Woodway, and Edmonds. He served on the House Ways and Means Committee and was a member of the House Progressive Caucus. He was formerly the committee chairman, then in 1995, ranking minority member on the House Ethics Committee. On January 4, 2016, he announced that he would not be seeking another congressional term. Early life, education, and early career McDermott was born on December 28, 1936, in Chicago, Illinois, the son of Roseanna (Wabel) and William McDermott. He was the first member of his family to attend college; he graduated from Wheaton College, Illinois, and then went to medical school, getting an M.D. from the University of Illinois College ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legalized Gambling
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not universa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling In The United States
In the United States, gambling is legally restricted. In 2008, gambling activities generated gross revenues (the difference between the total amounts wagered minus the funds or "winnings" returned to the players) of $92.27 billion in the United States. The American Gaming Association, an industry trade group, states that gaming in the U.S. is a $240 billion industry, employing 1.7 million people in 40 states. In 2016, gaming taxes contributed $8.85 billion in state and local tax revenues. Critics of gambling argue it leads to increased political corruption, compulsive gambling, and higher crime rates. Others argue that gambling is a type of regressive tax on the individuals in local economies where gambling venues are located. History Authorized types Many levels of government have authorized multiple forms of gambling in an effort to raise money for needed services without raising direct taxes. These include everything from bingo games in church basements, to multimillion-do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
