Write about the Persuasive Argumentative Essay on Online Betting.
Online betting refers to the gambling of the cash or maybe something that is of worth on an event with a hesitant result with the primary intention of winning money or the material products. Online betting needs about three constituents to be present that happen to be consideration, chance and prize (Ahlin, 2007). The outcome of the wager is usually frequently instant, such as just one roll of the dice, a spin of the roulette wheel or maybe a horse that could be crossing the end line. Online betting continues to be an important global industrial activity, with the authorized gambling marketplace totalling to an approximated three hundred billion dollars by the year 2009. Online betting might be carried out with the components that have a valuation. The internet has found new types of gambling to form online (Andrle, 2004). As a result of the improvement of the technology, it has changed on the habits of betting. Betting has become one of the most popular as well as lucrative business present in the internet an example of this was in the UK where the gambling commission stated that the betting industry had achieved a turnover of more than eighty four million pounds (Braun & Kvasnicka, 2013). This was mainly due to the various betting options, which are available in order to facilitate the different types of individuals.
The government previously had placed a ban on the remote gambling, which did not allow individuals to bet online (Hurt, 2006). The reason surrounding the government allowing these lottery operators to offer online betting is to help curb the drive to demand for the underground betting. In the event that the government banning the gambling there would be many underground betting that, the government did not have control over (Woolley, 2003). This could have created larger incentives for the criminal syndicates to target the Singaporeans individual. Complete ban could have not have stopped the illegal online to stop. According to the survey which was done by the Ministry of home affairs of more than one thousand internet users showed that in three individuals out of ten acknowledged that they had engaged in the remote gambling of at least once in the past years (Wood & Williams, 2007). Prohibition of the online gambling would have led to black market in Singapore, which are unregulated sites (Hurt, 2006). The government felt the need to permit these lottery operators to do online betting so that they could easily monitor the activities as well as set policies to regulate the online betting. The aspect of the black market could have a potential dangerous to the consumer, as there are certainly high threat of this kind of websites from deceitful concerning who their customers are, in regards for not employing of strict control, which regards to the identity verification, protection of the problem of the gamblers and the age limits (Andrle, 2004). If the market was regulated the consumers could use the sites that are licensed as opposed to turn to the black market website. This means that the authorities experienced theneed to focus their attention to ensure that these licensed sites comply strictly in terms of the age controls, through introduction of the measures that are designed to protect the problem of the gamblers, and through paying of the relevant duty and reporting on activities that are suspicious (Gainsbury, 2012). Therefore, the moral issues is to enable the government to protect the minors as well as the family members of the gamblers.
One of the reason for the upholding the government decision to allow the operator is due to the problem of gambling or the addition. Singapore has permitted forms of the physical wagering these types of actions are actually launched owning restrictions to an make an effort to protect the citizens of Singapore along with the permanent citizens from the dangers of the problem of gambling along with addition ( Henderson , 2012 ) . These types of concerns usually are possibly more powerful particularly when one perceives the online gambling since there is a lot of the perceived stigma especially when one is seen gambling could disappear since it can be done in privacy at owns home or perhaps through a mobile phone. Since gambling is done in a way that is secretive, it may be less likely for those suffering to be identifies and helped by members of the family (Hurt, 2006). The government upholding the decision for the lottery operators to offer the online betting would help to monitor on the youth gambling. The online gambling essentially present concerns in regards to the ability of the young individual to bypassing the age checks (Ahlin, 2007). The online gambling operators can control the government implementing on the measures to curb the age control. Further, there are concerns of the internet betting on the criminal use on the money laundering. If the government did not allow these operators to operate some crime groups, could open online gambling account with large amount of money, gamble it a few time and then close the account, and cash out (Griffiths, 2010). The government allowing these operator’s licenses to operate would allow them to monitor on the users who sign to these site through the restriction, which they will implement in these companies.
The combination for the Singapore on the existing restrictions regulatory approach in regards to the regulatory stance seems that Singapore would likely follow the example of the USA and Hong Kong as well as generate a model to which prohibits the online betting but to accommodate a variety of limited exemptions control ( Braun & Kvasnicka , 2013 ) . Nevertheless , at this point there is certainly a lot little to indicate precisely of what exemptions might be regarded by the regulators , but the reports that the measures that are being taken by the Singapore pools recommends the present licensed operators will be considered by they will fall under a certain exemption.
If these companies are given the go ahead to operate the online betting there is likelihood of the youth engaging to online betting (Wood & Williams, 2007). The online gambling has presented certain worries in regarding the ability of the teenagers bypassing the age checks. Furthermore, this really is a threat with the physical wagering in which underage gambling is clear-cut to the law enforcement. According to the Minister Iswaran has highlighted that there has been remote gambling which could be easily be accessed via the net and via the cellular applications particularly to the younger as well as the tech savvy generation (Henderson, 2012). Additionally, it can be noted that if these companies were allowed to operate these online gambles there would be likely activities such as money laundering by the criminals where they could easily sign in and put a sizable sum of cash wager a few times after which cash out the money. The money could then appears as if it is the gambling winnings.
Conclusion
Based on the finding highlighted above in my own view I believe the government did a good thing upholding on the decision to allow the two lottery operators to offer the online betting. Allowing this organization means that the government can easily monitor their activities through setting of regulations which will guide them in their operation. For the fear of losing the Licences these, company will observe the regulatory of the government. Moreover, if the government did not allow the online betting there would be underground black market, which will rise up, and these could lead to activities such as money laundering by the terrorist. Then decision by the Singapore government has brought forms of the gambling under the regulatory framework, as well as ensure that the taxes are paid and the proceed channeled to valuable social, charitable causes.
References
Ahlin, E. G. (2007). U.S. Patent Application No. 11/848,491.
Andrle, J. D. (2004). Winning Hand: A Proposal for an International Regulatory Schema with Respect to the Growing Online Gambling Dilemma in the United States, A. Vand. J. Transnat’l L., 37, 1389.
Braun, S., & Kvasnicka, M. (2013). National sentiment and economic behavior: Evidence from online betting on European football. Journal of Sports Economics, 14(1), 45-64.
Gainsbury, S. (2012). Internet gambling: Current research findings and implications. Springer Science & Business Media.
Griffiths, M. D. (2010). Gambling addiction on the Internet. Internet addiction: A handbook for evaluation and treatment, 91-111.
Henderson, J. C. (2012). Developing and regulating casinos: The case of Singapore. Tourism and Hospitality Research, 12(3), 139-146.
Hurt, C. (2006). Regulating public morals and private markets: Online securities trading, Internet gambling, and the speculation paradox. BUL Rev., 86, 371.
Wood, R. T., & Williams, R. J. (2007). Internet gambling: Past, present and future. Elsevier.
Woolley, R. (2003). Mapping Internet gambling: Emerging modes of online participation in wagering and sports betting. International Gambling Studies, 3(1), 3-21
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