Financial Crime and Gambling in a Virtual World

Financial Crime and Gambling in a Virtual World

A New Frontier in Cybercrime

Clare Chambers-Jones and Henry Hillman

In this unique book, the authors examine the relationship between real world legislation and new advancements in technology, showing how this can lead to loopholes in legislative protection. They draw on empirical research to highlight the jurisprudential issues relating to economic internet crime and digital currencies.

Chapter 4: International measures regulating online gambling

Clare Chambers-Jones and Henry Hillman

Subjects: economics and finance, economic crime and corruption, law - academic, corruption and economic crime, criminal law and justice, finance and banking law, internet and technology law


This chapter discusses the international measures which have been put in place to prohibit unlawful Internet gambling. A critical assessment will outline how and why the present measures are inadequate, and direct criticism at international policy-makers for failing to properly assess the dangers of cybercrime and the gambling environment and the new problems associated with them. Cybercrime and gambling, cybercrime and virtual worlds, virtual worlds and gambling, all seem to be accepted as inevitable consequences of virtual worlds, social networking sites and online games, with little understanding of the causal relationships between these actions. Moreover, governments are failing to take action to put in place suitable and workable policies and regulations to protect people who enter these virtual worlds, social networks and online games. Virtual world gambling is an almost forgotten phenomenon, as will be seen in the discussion below. In the European Union, online gambling laws in the internal market are not harmonized. Each country has individual domestic laws and regulations to monitor and control online gambling. There are broadly two models of national regulation for online gambling: permitting gambling via state controlled licences, and strictly controlled monopolies (state-owned or privately owned). Which model is adopted depends on the regulatory stance of the host country. Issues arise with online gambling as gambling sites can cross national boundaries via the Internet, meaning that should issues arise jurisdiction is harder to define.

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