This document was last modified on 28 February, 1999. Internet Gambling Steven Michener BSc. Control Procedures Abstract Internet Gambling is the quintessential e-commerce application. The transaction is the product. Each bet, in essence, involves an e-commerce financial transaction.
Monetary value is exchanged each time the virtual cards fall or spinning wheel stops.
As television, telephone and other devices become Internet capable and credible Internet gambling sites appear in more regulated environments the proportion of gambling transacted over the Internet is likely to grow very quickly. This paper addresses technical and organisational e-commerce issues of government legislation relating to Internet gambling, transaction security and internal control procedures.