Online gambling is any type of betting conducted online. This includes online casinos, virtual poker and sports gaming. Earlier the first online gambling site opened for the public, was online ticketing for the prestigious Liechtenstein International Poker Tournament in 1994. Since then there have been several online gambling sites which have come up with different types of games and gambling options.
One of the main reasons as to why online gambling has flourished in spite of the fact that most operators are operated in unregulated markets is because in most jurisdictions in the world there are strong legal provisions dictating that online gambling operators have to operate according to certain norms and payment methods. This is primarily done to protect consumers from fraud and other issues of scams and thefts. This also goes a long way to protect the regulated markets from being flooded with low quality services. Many people who work in the regulated markets for example credit card companies and payment processors also work closely with online gambling operators to ensure that there are high success rates when customers make payments.
One of the other factors as to why online gambling has flourished is the fact that the government in the United States has allowed online gambling in regulated markets like the states of New York and Nevada. These states have legalized sports betting and they also allow online gambling through licensed real bookmakers. This allows individuals to take part in sports betting without having to go to Las Vegas or Atlantic City. The United States government has also taken a step towards legalizing online poker by passing the Monitor Act which would regulate online poker websites and force them to adhere to certain guidelines.