Online gambling sites generally make every better open an account, similar to a financial account that someone would have with a bank. The sites have a minimum balance that gamblers need to have in their accounts, and that quota is filled with a credit card. And as far as buying a product online, you never know who has access to that number. Just the fact that I could go down and put ten bucks on a three team parlay, that's all I have to have, as opposed to putting a couple hundred dollars in to open up an initial bet. The uncertainty of online sports gambling works as a red flag for many people.
People continue to look for answers to the questions surrounding Internet gambling.
In 1961, Congress passed the Federal Wire Act, prohibiting the use of phone lines to make or accept sports bets. The United States Attorneys office argues that the act should apply to online gambling since the Internet is set up through the use of phone lines. The United States District Court in Manhattan found Jay Cohen, president of World Sports Exchange, guilty of illegal gambling in 1998 based on the Federal Wire Act. The judge in Cohan's trial would not allow a subsection of the Wire Act that would have acted on the defendant's behalf. The law says that a phone bet can be placed in a location where gambling is legal.