The first form of online betting to take off was at online casinos. In 1994, whe n Antigua and Barbuda passed its Free Trade and Processing Act, Microgaming was formed. It was the first software developing company to provide a fully-functional real money casino, The Gaming Club. CryptoLogic was another software company that existed at the time and they formed the InterCasino. It is not clear which of the two companies was developed first but it is clear that they both remained notable in the casino industry.