Estimated read time 3 min read
Betting Legislation and Regulations

Gambling Regulatory Bodies: An Overview of Forex Trading

Gambling regulatory bodies are organizations charged with the responsibility of regulating the gaming industry. They are responsible for ensuring that gaming companies comply with applicable laws, implementing consumer protection measures, and in some cases, condoning of revenue-generating activities such as lotteries and sports betting. Gambling regulatory bodies also monitor the fairness of games of chance, investigate violations of gambling regulations, and cooperate with law enforcement to prosecute illegal gambling activities. As the gaming industry continues to evolve, so do the regulatory bodies that oversee it, ensuring its continued success and safe operations.

Estimated read time 2 min read
Betting Legislation and Regulations

Betting Legislation: Learn About Forex Trading Laws


The United States is no stranger to legislating and regulating the gambling industry. With the help of the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, the country has put in place several laws which concern all aspects of online betting. This includes banning certain financial transactions to online betting sites and also clarifying which type of gambling are legal or illegal. The act has been updated in 2011 to tighten its enforcements and make sure violations are duly punished. This article discusses the Betting legislation enacted and enforced in the United States and the challenges it poses to online betting sites.