Online gambling and local laws | Bitcointalksearch.org

milewilda

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

Most good advise and recommendation are being mentioned already by most members here on this thread regarding on your query . I dont really think that there would be a problem regarding on this matter because its very simple to avoid this kind of situation on where your government ban casinos online. I dont hear any news regarding on casinos freezing their players account because he won jackpot its just a nonsense assumption though, If you win jackpot you could simply transfer it to your personal wallet then if you intend to cash out just make some partitions and dont try to withdraw on bulks. If you want to be really secure then use mixing services just like what others said here.

choppork

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I don't think that applies to bitcoin gambling. Even so, he will still be able to cash out his money from the gambling casino because it's in BTC form and no one actually cares if you're illegally gambling in a bitcoin casino. No one will come into so much trouble just to put you in jail for gambling.

You can easily take it out of the gambling casino, maybe put it in a bitcoin mixer for some more anonymity, and then put the bitcoin in your local exchange website. From there, you can easily cash it out into fiat.

Fireblade

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Quote from: OrangeII on November 09, 2016, 11:31:57 PM

I think that local laws will not apply to online gambling. Well, you play it in your house without the knowledge of a person, other than that you did was play games on the internet, but it might be a problem if you do it crowded, I believe that the law in your place would be valid if it is done together , such as cafes online gambling

gambling is gambling either you play in gather or alone, there is same law for both conditions, in my country gambling and casino are forbidden either you play it physically or alone, if you caught red handed by the police you will be put in prison.

OrangeII

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I think that local laws will not apply to online gambling. Well, you play it in your house without the knowledge of a person, other than that you did was play games on the internet, but it might be a problem if you do it crowded, I believe that the law in your place would be valid if it is done together , such as cafes online gambling

RoommateAgreement

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

i have been asking around about this because i do care about the laws of gambling and online gambling in my country and i don't want to encounter any troubles down the line. but i have not found anything conclusive about the online gambling and bitcoin which is good for me to make the plays and if i win take the money too.

chixka000

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Back on the days. This online casinos before were usually not legal yet also not illegal in our country. They started growing like a bunch of mushrooms but when we have our new president things started to change they are starting to hunt down those casinos and one of the biggest online wallet/exchanger in our place started to get strict as well.

raaajlucky

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Quote from: bajing on November 09, 2016, 09:59:46 PM

For this case most of the country not allow online gambling even you can use local bank for deposit and withdraw but as i know not much country are allow you playing online gambling because trust is the key you must accept before you play online gambling if they are not paying you, nothing you can do for it.

Yes, many countries ban online gambling, But in my country also online gambling is illegal but we can do it with Bitcoin, and we got some 3rd party companies to convert Bitcoin to local currency. They will deposit amount to our Bank account. Like this, we can convert BTC to fiat currency. Or else sell coins to green trust members and take payment through a paypal account.

bajing

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For this case most of the country not allow online gambling even you can use local bank for deposit and withdraw but as i know not much country are allow you playing online gambling because trust is the key you must accept before you play online gambling if they are not paying you, nothing you can do for it.

saiha

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

Here in my country, "online gambling" is literally online gambling that doesn't covers the bitcoin gambling websites. Because they are always referring to local currency and dollar paying gambling sites.

So usually, if you will gamble here in my country using bitcoin, you are not considered as violator of the law.

But the thing is, there are bitcoin exchange websites that doesn't accept bitcoin's from gambling websites and they might not process and ban your account upon tracing you.

letyouearn

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Quote from: ikydesu on November 08, 2016, 02:47:03 PM

Just withdrawal for small amount, don't take it all of your jackpot, maybe cash out it for some price, means x amount for x price btc/usd and y amount for y price btc/usd.
Use mixer service, its make tracking transaction difficult.
Withdrawal to your local bank doesn't charge tax, if i'm not wrong.

Why not bro ? A day before yesterday, our prime minister has given us a very shocking surprise. This news was really unexpected for Indians. Pm bans the 500 inr and 1000 inr notes to blow away all the black money in India.

newcripto

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I am fully aware of my local laws and there no such thing which forbid me playing gambling offline or online when it is to be done with fiat. Bitcoin is for everyone who currently are such problems along with those who can freely play. There is problem but still I am using bitcoin for online gambling because of the advantages of using it.

2double0

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Gambling is illegal in most countries, but the place where I live allows me to do it so I don't have to worry about it.
People who are not aware about gambling on such sites should know that when they convert their coins into Fiat, they actually need to pay taxes on them and hence, need to show where the money came from.

hasiramasenju

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i do live in the country who doesn't allow all kind of gambling including online casinos indeed if i gamble using fiat and visiting physical casino that is not possible because there is no physical casino in my country but since i use my bitcoin for gamble i do not have any problem regarding my funds because usually if i won gamble i would safe my bitcoin into my personal wallet and if i want to change my bitcoin to my local currency i would use local exchange and because those exchange never figure out from where i got bitcoin so there is no problem using casinos online for gamble at least untill currently i'm still fine

Betwrong

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

Actually if you are playing in a Bitcoin casino there is no need (and even no option in most cases) to pay you in fiat. You withdraw your winnings in BTC and after that if you would do exchanges partially, not taking big amounts at once, you won't bring the attention of the authorities.

All of the above is just theoretically because you should win the JackPot first.

Red-Apple

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Quote from: raphma on November 08, 2016, 05:33:19 PM

Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

in bitcoin, that doesnt matter...
it's easy to find way to convert it to FIAT without problems(P2P, bitcoin debit card) and unless it's a very(very) big jackpot you wont have any problem with your country laws. it's easy to justify the money.

except the part where they dont pay you Roll Eyes

the problem with that logic is that whenever you go through a third party like a debit card provider, you are publicly announcing to the government that you have moved a particular amount of money so there is no hiding there.

the only possible solution would be changing that won bitcoin to fiat through cash and in a dark alley

Kakmakr

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Quote from: raphma on November 08, 2016, 05:33:19 PM

Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

in bitcoin, that doesnt matter...
it's easy to find way to convert it to FIAT without problems(P2P, bitcoin debit card) and unless it's a very(very) big jackpot you wont have any problem with your country laws. it's easy to justify the money.

except the part where they dont pay you Roll Eyes

Ok, Let's test that theory. Explain to us how you will explain to the tax authorities, if you suddenly generate additional income of say $20 000? They will flag you for a audit, and then you have to show proof of the income you generated. How are you going to explain that money?

A lot of the gambling sites are not regulated, so they can basically do whatever they want. If they do not want to pay you, because of some technicality, then they can check your location and withhold the payment. So just be aware of that.

We know people break laws every day, eg. Speed limit / underage drinking and they get away with it, until one day when they get caught. Tax evasion carry heavy penalties, so just be aware of that, if you make use of these sites.

raphma

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

in bitcoin, that doesnt matter...
it's easy to find way to convert it to FIAT without problems(P2P, bitcoin debit card) and unless it's a very(very) big jackpot you wont have any problem with your country laws. it's easy to justify the money.

except the part where they dont pay you Roll Eyes

kanazawa

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You can host your gambling website outside of your country and promote it in global platforms (like google adwords) that it's not illegal. Many countries has a law against Casinos games, but if nothing is hosted and only players are inside the jurisdiction (and you're not obbligate to ban players from some specific country without official prohibition of government, you can run your service totally in peace.

Raimonn

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Some gamblers prefers bitcoin to play on casinos to avoid this local laws. But its better to read always the faqs section because some bitcoin casinos ask too for id verification before paying big jackpots. Also don't use coinbase wallet to send or receive bitcoins to casinos, they don't allow gambling and can cancel your account.

ikydesu

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Just withdrawal for small amount, don't take it all of your jackpot, maybe cash out it for some price, means x amount for x price btc/usd and y amount for y price btc/usd.
Use mixer service, its make tracking transaction difficult.
Withdrawal to your local bank doesn't charge tax, if i'm not wrong.

letyouearn

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Quote from: RocketSingh on November 08, 2016, 07:12:02 AM

Quote from: letyouearn on November 08, 2016, 06:50:40 AM

Think, if you win a big amount like 20 or 50 btc and try to cash them in your Fiat currency. And you don't have a debit card , then you have to withdraw it manually by visiting the bank by filling up withdrawal slip. In this case, you are enforced to pay the taxes to withdraw that amount .

In India, if you are withdrawing more than 50k INR , You have to provide the PAN id provided by Income tax department. This way, you will become monitored by them and force you to pay taxes.

If you don't pay taxes, you might be in trouble. This is all I came to know from my friend .

So, did u pay income tax on your 30 BTC win at Satoshimine?

Quote from: letyouearn on November 08, 2016, 02:59:47 AM

I have also cashout more than 30 bitcoins and had a turn over of upto 40 btc + when I was playing on satoshimines and had a biggest winning amount withdrawn. I didn't experienced any issue while doing that transactions like income tax department inquiries or anything. But still we have to be careful and aware of being caught by IT department as well.

No. Because, after I cashout all the winnings, I bought bitcoins again after some days to play on satoshimines . And that's the turning point that I lost my all funds.

arseaboy

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In my country there's no such laws which pertains to withdrawing bitcoins and online gambling is allowed as well.. there's a lot of options for us on how to withdraw our btc without any issues well of course some banks or affiliates charge some fees for the process.

BTCLovingDude

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed.

being legal or not is for the owners mostly. in other words you can't live in one of these countries that have a law against online gambling and run a gambling site.

for users it is not so bad, the chances of law asking you why you were gambling online is low and the worst case scenario is a warning sent to you by your internet provider.

Quote

So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

it is bitcoin, you withdraw bitcoin and then sell that bitcoin to fiat. if you are worried you can even run it through a mixer.

Quote

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

all that said, it is better to know the rules in your country before doing anything money related and use all the precautions.

RocketSingh

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Quote from: letyouearn on November 08, 2016, 06:50:40 AM

Think, if you win a big amount like 20 or 50 btc and try to cash them in your Fiat currency. And you don't have a debit card , then you have to withdraw it manually by visiting the bank by filling up withdrawal slip. In this case, you are enforced to pay the taxes to withdraw that amount .

In India, if you are withdrawing more than 50k INR , You have to provide the PAN id provided by Income tax department. This way, you will become monitored by them and force you to pay taxes.

If you don't pay taxes, you might be in trouble. This is all I came to know from my friend .

So, did u pay income tax on your 30 BTC win at Satoshimine?

Quote from: letyouearn on November 08, 2016, 02:59:47 AM

I have also cashout more than 30 bitcoins and had a turn over of upto 40 btc + when I was playing on satoshimines and had a biggest winning amount withdrawn. I didn't experienced any issue while doing that transactions like income tax department inquiries or anything. But still we have to be careful and aware of being caught by IT department as well.

Herbert2020

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

in my country there is not really any law that allows you to gamble, we in fact have rules against it. but no one can stop anyone from doing it especially when it comes to online gambling and on top of that when you use bitcoin for doing it.

but at the same time i don't see them restricting access to any of these online gambling sites and i have been using them for a long time.

letyouearn

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Think, if you win a big amount like 20 or 50 btc and try to cash them in your Fiat currency. And you don't have a debit card , then you have to withdraw it manually by visiting the bank by filling up withdrawal slip. In this case, you are enforced to pay the taxes to withdraw that amount .

In India, if you are withdrawing more than 50k INR , You have to provide the PAN id provided by Income tax department. This way, you will become monitored by them and force you to pay taxes.

If you don't pay taxes, you might be in trouble. This is all I came to know from my friend .

betwithbitcoin8668

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Quote from: Skarner21 on November 08, 2016, 06:34:37 AM

I think there is some alternative ways to withdraw your money without know when you are got that money.. we are in bitcoin so its anonymous we can no trace easily.
And i think you can work like affiliate marketing online that you can use as your reason that you are working online and the money you are receive is from your job online.
Here in my country we have the law about ban gambling casino but we can still withdraw our bitcoins easily with our local exchange. and i think we no problem withdrawing our bitcoin even it is from gambling casinos.

I think you should point out the country you are in.

xuan87

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I think if you win in casino online and you win big, then you can convert it little by little, if you convert it to fiat in a bulk, you will be arrested because of illegal gambling, that is why it is safer to gambling using bitcoin, and the site needs to pay the winning no matter the player come from which country, if they don't pay it will taint their reputation and when the site lose reputation, there won't be a lot of player willing to play in there

Skarner21

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I think there is some alternative ways to withdraw your money without know when you are got that money.. we are in bitcoin so its anonymous we can no trace easily.
And i think you can work like affiliate marketing online that you can use as your reason that you are working online and the money you are receive is from your job online.
Here in my country we have the law about ban gambling casino but we can still withdraw our bitcoins easily with our local exchange. and i think we no problem withdrawing our bitcoin even it is from gambling casinos.

bbc.reporter

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

It is all in the grey area in some countries. In the USA online gambling itself is not illegal in some states and it is still in the said grey area but what they did is they made processing of money to these online sites illegal. So with bitcoin gambling it is in a more legal grey area because the bitcoin cannot be defined as a currency or a commodity. How can they regulate something they do not have laws for?

arwin100

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Quote from: Gustavv on November 08, 2016, 04:58:39 AM

in my country gambling is not allowed
but until now i dont know about online gambling law
its allowed or not, but till now i am playing on gambling site and not get banned

Online gambling is surely illegal on all countries since goverment is getting a hard time for them to command them to pay their taxes for their operations, and surely thats the main reason why they seized thosed sites if they caught up the owner if they show off, and even if online gambling is illegal on my country i will still play at those since it was convenient for me to play since no government intervention will occur when we won huge pot.

Gustavv

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in my country gambling is not allowed
but until now i dont know about online gambling law
its allowed or not, but till now i am playing on gambling site and not get banned

ultrloa

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Quote from: Kakmakr on November 08, 2016, 03:29:55 AM

Just to clarify, for the people who does not understand this. Even if you found a way to receive the winnings, you should also consider that you might be breaking some of your local laws. How do you declare that income to your local tax authorities, if it was acquired through something that is illegal?

The fact that you are doing it, does not make it legal. You should find out what your local laws state regarding online gambling, and only then signup at these sites. Some of the legal / regulated online gambling sites will monitor the traffic and automatically forbid players who signed up from a location that do not allow online gambling. < Nothing stops you from using anonymous proxies or VPN's, but it is still illegal, when you bring that winnings into your country >

You might get away with it, until you hit that big jackpot, and then you get flagged. The site can then deny your eligibility to receive that money, and you will have no legal recourse to fight it.

Most people just keep quite, because they know that they are breaking the law. You should make sure that you are not a victim of this, when this happens with you. Not all these sites are regulated, and they might use this as an excuse not to pay out large Jackpots. ^hmmmmm^

Yeah right its gambling is totally illegal but does government need to know if we won? And do you think those sites we tell to government that theyre player huge jackpot in their game plays? I think not and if they sites will do that surely government well sue them, im not short for my thoughs here but i think they will hide the identity of the of their winners for security reasons.

digaran

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Only thing that no government can do is stopping people from using crypto, I don't see how can they keep track of every single gambler that is not possible.

Also you can always sell at local bitcoin.

ethereumhunter

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its depend on each of country, because maybe there is a country that allowing offline gambling and online gambling but the government not make any state about law for using bitcoin and people still use bitcoin to playing online gambling. and maybe both, bitcoin and online gambling is prohibited on the country but people still playing gambling in local area and not online gambling.

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Quote from: letyouearn on November 08, 2016, 02:59:47 AM

Quote from: arwin100 on November 08, 2016, 02:51:28 AM

As many people said here, there so many ways to cashout our winnings in bitcoin since it was not really monitored by the government, and i think i don't see any people claiming that there account got freeze when winning a jackpot,

And i actually won some huge money on cloudbet before and i don't encounter any serious problem regarding on cashing out my bitcoin prize to peso, and if you still got some doubts about it just use some mixing services right here to make your transactions untracable.

I have also cashout more than 30 bitcoins and had a turn over of upto 40 btc + when I was playing on satoshimines and had a biggest winning amount withdrawn. I didn't experienced any issue while doing that transactions like income tax department inquiries or anything. But still we have to be careful and aware of being caught by IT department as well.

Government should not require income tax to those who won the big amount of bitcoin on gambling sites. They should not implicate strict law to the players because these sites who serves online should be the one to comply the government standards and requirements in order to make sure that the participants of the game were be able to receive the price tax free. Not all of the time players will win, right? So this should be tax free for them.

Kakmakr

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Just to clarify, for the people who does not understand this. Even if you found a way to receive the winnings, you should also consider that you might be breaking some of your local laws. How do you declare that income to your local tax authorities, if it was acquired through something that is illegal?

The fact that you are doing it, does not make it legal. You should find out what your local laws state regarding online gambling, and only then signup at these sites. Some of the legal / regulated online gambling sites will monitor the traffic and automatically forbid players who signed up from a location that do not allow online gambling. < Nothing stops you from using anonymous proxies or VPN's, but it is still illegal, when you bring that winnings into your country >

You might get away with it, until you hit that big jackpot, and then you get flagged. The site can then deny your eligibility to receive that money, and you will have no legal recourse to fight it.

Most people just keep quite, because they know that they are breaking the law. You should make sure that you are not a victim of this, when this happens with you. Not all these sites are regulated, and they might use this as an excuse not to pay out large Jackpots. ^hmmmmm^

letyouearn

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Quote from: arwin100 on November 08, 2016, 02:51:28 AM

As many people said here, there so many ways to cashout our winnings in bitcoin since it was not really monitored by the government, and i think i don't see any people claiming that there account got freeze when winning a jackpot,

And i actually won some huge money on cloudbet before and i don't encounter any serious problem regarding on cashing out my bitcoin prize to peso, and if you still got some doubts about it just use some mixing services right here to make your transactions untracable.

I have also cashout more than 30 bitcoins and had a turn over of upto 40 btc + when I was playing on satoshimines and had a biggest winning amount withdrawn. I didn't experienced any issue while doing that transactions like income tax department inquiries or anything. But still we have to be careful and aware of being caught by IT department as well.

arwin100

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As many people said here, there so many ways to cashout our winnings in bitcoin since it was not really monitored by the government, and i think i don't see any people claiming that there account got freeze when winning a jackpot,

And i actually won some huge money on cloudbet before and i don't encounter any serious problem regarding on cashing out my bitcoin prize to peso, and if you still got some doubts about it just use some mixing services right here to make your transactions untracable.

katrimans

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Technology will help you.
Government will have the regulations just to protect you, even if you are risking our lives by breaking those regulations still if you come out with the profits means you will get chances to protect yourself by not showing that you got those money from gambling.

VPN and bitcoin mixing services are few of them to help you to get rid of any regulations on your own responsibility.

letyouearn

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In india , bitcoin is not allowed or regulated by Reserve bank of india. But , it is still going good and having such a great market itself here also. So, my doubt is , " Do police will take action against me or anyone if he found out gambling on a public places like Internet cafe ? "

nydiacaskey01

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Quote from: Kakmakr on November 08, 2016, 01:24:24 AM

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

If they can withdraw and convert BTC to USD in small amounts, I dont see a reason why they cant convert and withdraw in bigger amounts.
Although there is this anti-money laundering law, the amount of money coming from gambling is not that big to be investigated by those guys.
If you can log-in, deposit, play and withdraw, then you are good to go. Countries will block the site if its really illegal.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I was just thinking about the people, signing up for online gambling without knowing the consequences of their actions. In many countries, online gambling are not allowed. So even if you win the $$JackPot$$ at these Bitcoin Casinos online, you would not be allowed to withdraw that money, legally into fiat.

A lot of these casinos knows this, but they still accept your bets. They do not have to pay you, if you signed up with their service.

So how many people know their laws and what is allowed in your country regarding online gambling?

Topic: Online gambling and local laws (Read 1502 times)