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Existing laws in other countries could be used to regulate gambling. For online gambling, the government could control how much one bets by setting limits and by keeping track of how much money is being spent. Australia presents a perfect example of how this could work. There, a gambler has to register with the online casino, provide bank account information, and fax in several forms of identification. Most of their companies also call the patrons to verify the information and to catch minors who try to register under their parents' names. One way to prevent drastic financial situations is to set limits on the amount of money gamblers can wager in the first few weeks. Once the company has established that a gambler has good gambling credit, the chances of compulsive gambling are decreased, and the wager limit can be raised slightly. This concept could also be applied to casino gambling. The casino could check the gambler's credit report to determine the number of chips that may be issued to the person.…
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