Originally posted on 05/14/2018:
This will be the rapid decline of offshore. Because of its legalization, federal pursuit of financials transactions will be even heavier to protect the US interests; it will become even more of a hassle to get money in and out, more expensive, and likely ruled illegal to place a bet offshore..... which does not exist today.
In addition, when given the choice between sweating a payout, getting your account seized or hacked, and hefty withdrawal fees, most square bettors would rather go to the local sportsbook and get paid as soon as the game is over.
Anyone who thinks this will HELP offshore is delusional. And if I am a daily fantasy site like Fanduel or Draftkings, I'm very unhappy today also -- your sports players bankrolls just got diverted as well.