Financial Crime and Gambling in a Virtual World
Show Less

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.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 3: Global virtual gambling legislation

Clare Chambers-Jones and Henry Hillman


In Chapter 1, the research sample and the methodological approach were described. In Chapter 3, the background to the research problem, along with a more theoretical and comparative analysis, will be set out. As previously stated, gambling is a huge business and remote gambling has become one of the main arms of this nebulous sport. Legislatures and governments have taken precautionary measures to regulate remote gambling, either to prevent it being carried out within their country, or to prevent criminals using it as an avenue for committing crimes. This research moves beyond the usually accepted means of remote gambling and looks at the grey area of the Internet and gambling, in other words, social networking and online virtual world games. Within these two areas of the Internet, it is argued that gambling can and does take place, and because of the lack of understanding of these virtual world and the games played within them, legislators are not providing the correct preventative measures to inhibit financial crime. In Chapter 1, the top ten games were examined and a content analysis conducted to demonstrate that all of these games can be considered to fulfil the requirements of remote gambling under section 6 of the UK Gambling Act 2005. Yet, none of these games are licensed within the United Kingdom. The UK gambling sector is regulated by the Gambling Commission and companies who carry out gambling activities within the United Kingdom have to be licensed by the Gambling Commission.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.