Gambling has always appealed to the masses. The possibility of cashing in large sums of money through minimal efforts indeed sounds tempting, and history is witness to the fact that people would go to great lengths to check their ‘hands’ in gambling. With time and technology like everything around us, gambling has also changed its form and medium. With the introduction of the ‘World Wide Web’, enabling digitalization of almost everything in the world, online gambling has emerged as an opportunity for people to gamble on their devices with being anywhere in the world, with the development of online platforms like situs judi poker.
History and Present Scenario
- Online gambling started back in the 90s with the introduction of the first online casino in 1994. The twin-island country of the Caribbean Antigua and Barbuda passed the Free Trade and Processing Act granting licenses to organizations for online casinos.
- Online gambling quickly rose in fame with the rapid introduction of gambling websites. With only 15 websites in 1996, the figure expanded to 200 in the following year, and the revenue for the entire industry shot up to a whopping $830 million in 1998 alone.
The industry only saw a steep rise with the introduction of Multiplayer online gambling,which enabled the players to chat and interact with each other while playing. The rising popularity continued in the second millennia as well with the worldwide revenue estimates crossing the $21 billion mark. A 2016 study suggested the revenues reach $56.05 billion by 2018 and a 2011 survey in the UK revealed that 11.2% people out of 5,000 had participated in some form of online gambling in the past month. One of the most popular online platforms is the situs judi terpercaya kaskus.
Laws and Problems
Online gambling is illegal and banned in many countries of the world while it is unrestricted in most countries of the European Union and some countries in the Caribbean. The flow of currency is flawless in these digital casinos since every medium is available for the action may it be credit cards, debit cards, wire transfers, money orders and the current wildfire, cryptocurrency. Like many countries, India too suffers from insufficient laws regarding online gambling. Every state has its act and not a connected and single regulation system, hence the challenge of regulating an industry operating at a central level becomes crucial. However, playing online Rummy is completely legal in the country since according to the court, it is a game which requires skills to play and hence doesn’t come under gambling.
Gambling has become, what one calls a sport of the people, belonging to every class and category of the society. The rich pay for their privileges while the poor play totest their luck. The enticing sport of gambling not only finds its roots deep into our culture and history but also into our very nature of living our lives. The multi-billion industry of the ever-growing online community of gamblers has reached its audience at the root level and is available to all giving everyone equal opportunity to either win or lose their money.