While it is true that all Online Gambling Law Differences between UK and US can be traced back to the English common law, it may not always be the case. Many have blamed this as being due to the differences in the Treaties which permitted and prohibited gambling by Europeans and Americans respectively. The truth is that the roots of Online Gambling Law come from the Roman law known as the Institutes of customers. The major difference between the two sets of law was that the English Common Law allowed gambling by non-residents while the Roman law confined it to natives of the country.
The second major difference between the two sets of laws pertains to the taxation of gambling. In the case of the English Common Law, individuals were not taxed for gambling but the damages incurred on a win were. This differs from the US, where taxes are imposed on winnings but not on losses incurred. This has led many to compare the two sets of laws and consider which set applies more to a particular country.
Both sets of laws however, do differ in terms of how they penalize gamblers. Both sets of laws have severe punishments such as heavy fines and even prison for those who are caught participating or running an online gambling site from the UK. The US however, has far fewer restrictions on gambling and does not punish its players in this way. This is what leads many to compare gambling in the UK and the US and draw conclusions based on these laws.
The first big difference between the two sets of laws pertains to the minimum age requirements for gambling and the amount of investment that any player needs in order to start and participate in online gambling. In the UK, a person is only required to be over eighteen years of age to begin gambling and up to a certain amount of money to gamble with. The minimum age requirement of twenty-one is still a part of UK law. This means that gamblers coming to the country from other countries can gamble legally.
The second important piece of law has to do with the deposit requirements. In the US, all casinos require players to open accounts and provide identification before they can start to gamble. Gambling is not legal in the UK, so all casinos require an adult to conduct monetary transactions at their facilities. This is also true of all of the UK’s online casinos.
Age requirements for accounts have been different between the US and the UK. All casinos require players to be at least eighteen years of age. If a player is below this age, they may be required to provide proof of identity. Gamers who are below the age requirements for accounts may also be required to undergo background checks. These laws are in place to protect the safety of UK players and prevent fraud and underage gaming. Additionally, these checks are designed to prevent players from having access to free money, and transferring large sums of money to an account.
The final area of law that differs between the UK and the US is the minimum age requirement for gambling. Many US states allow players to gamble for both adults and children. However, in the UK, there are no minimum age requirements for gambling. Some areas have age restrictions on the presence of minors at casinos. This can vary, with some areas requiring players to be at least thirteen years old, while others only require players to be at least eighteen.
While online gambling certainly has its differences, both the US and the UK recognize the benefits of online gambling. Both countries have placed strict limitations on online gambling, but some areas have gone further and actually banned it altogether. Regardless of whether you are a fan of online gambling or not, online gambling law is a topic that deserves a lot of attention. The importance of this law is that it helps to regulate the industry and help ensure that consumers are protected from harmful online games and activities.