Internet Gambling Business Law and Legal Definition
Internet gambling business means “the business of placing, receiving or otherwise knowingly transmitting a bet or wager by any means which involves the use, at least in part, of the Internet, but does not include the performance of the customary activities of a financial transaction provider, or any interactive computer service or telecommunications service.” [31 CFR 132.2; Title 31-Money And Finance: Treasury; Subtitle B-Regulations Relating To Money And Finance; Chapter I-Monetary Offices, Department Of The Treasury; Part 132-Prohibition On Funding Of Unlawful Internet Gambling]
