Internet Gambling Enforcement in Atlantica
According to the Internet Gambling Enforcement Act (2006), bets and wagers, the key term of the definition for internet gambling, includes, among others, the following: A game (Atlantica online Gold) subject to chance, wherein the participant risks property to win something of value. With specific exceptions only for the following: Securities, insurance, and guarantees.
Transactions approved by the Commodities Exchange Act (of which virtual goods are not a part of). Events where participants risk only personal effort, internet connection fees, or credits provided free-of-charge in Atlantica. Fantasy Sports Games (or any game where winnings reflect statistical data on at least two individuals in real world events).
Unlawful internet gambling is basically defined as a bet or wager conducted over the internet that violates a state law (protip: no matter what, it violates Washington law) at either end, with specific exceptions for acts that fall under horseracing laws. Going by text for the law, the following transactions are possibly illegal with some clever wording of the law:
Drop Rate in P2P Games, level (Atlantica Gold) 50-50, depending on the definition of a game subject to chance and Dominant Factor Test. The illegal thing here is the act of buying a subscription for the goal of winning drops, thus indirectly becoming a game risking property (paid account) to win something of value (drops). Also depends on the definition of something of value.
