Brock good point
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Landscape is definitely different now. Back then there were no legal sportsbooks except Vegas. Now all the legalized states combined will have tremendous lobbying power in the billions of dollars.Comment -
With the legalization of online it is going to happen, or at least an attempt will be made. There will eventually be an extreme overhaul, I assume they’ll fix the tax code soon enough and all the net winners will get a 1099 and w2g at the end of year too. As it currently stands uncle sam isn’t even making money off sports unless someone self reports winnings or hits a huge parlayComment -
If they ban offshore I may actually have to work for Draftkings.
Eff that.Comment -
How do you stop it though?
Many say too difficult with cryptoComment -
stop offshore from being banned?
the winnings of US players would have to be reported for tax purposesComment -
The lobbying in strong in this one. My opinion is that this cat and mouse game will continue indefinitely until California and Texas jump on the legalization bandwagon. I looked at the congressional members of the bi-partisan group and it includes four democratic lawmakers from Texas. Purely an election play as the Democratics in Texas support legalization while the established, conservate right does not. However, the Republicans have not voiced opposition to offshore betting as they can play both sides of the issue leaving this in a legal grey area. It allows to them to appear they are opposed to gambling, but also still allows it under the radar at the same time.Comment -
No one can stop offshore. Many have tried and all failed.Comment -
As I mentioned earlier, the only way they can stop offshore is if they make it difficult in getting money in and out. You can always bypass websites with VPN but if they find a way to restrict crypto, it will be game over for offshore. How would you make a deposit? No one wants to resort back to the archaic days of munnygram or westu. A large percentage of people are banned there anyways. No one wants to give out their credit or debit card to offshore either. What method do you have left and what about large payouts?
It will be very difficult to stop crypto but if they find a way, it will cripple about 90% of all offshore business. I wouldn't underestimate the US government, look at what they did to the offshore poker industry in 2011 during black friday.Comment -
Crypto is not completely anonymous. Where they can track you is during the off-ramp of the coins to an exchange. FBI software has gotten sophisticated that even trying to use a mixer doesn't work anymore. Unless you can find someone that will pay you cash every time you want to trade your coins, moving around large quantities of coins is not anonymous. Maybe a couple of grand here and there is not tracked but if you're trying to move high five digits or more worth of coins, it's not as easy as you think to go anonymous.
Eventually you will have to use a ramp to offload those coins unless you plan on keeping them forever.Comment -
Draft Kings is the devil incarnate. They don't want winning bettors, but rather players that play for entertainment and slowly or in some instances quickly feed the beast. Have a feeling that they are one of the primary reasons that we are even discussing this issue again. I will never, ever give them one dime of my money.Comment -
No usa book wants anyone to win
All programmed
To loseComment -
Things were going swimmingly with crypto and offshores. No more wastarn yoon/emm gee baloney. Why people thought it was going be so wonderful when the retail books came in I can’t imagine. The dept of revenue in my state won’t share the pie with ANYONE cept the feds. Now you essentially have brick and mortar Bovadas like DraftKings who limit anyone who even remotely knows what they’re doing (or outright kick them out) and no more access to the good origination books with large limits and fast payouts. These are the days of milk and honey with regulated books with bonuses and such but they WILL start ‘adjusting their model to suit the idiots firing on four teamers and laying -180 every night.Comment -
yeah stop taking abot it
or it wil happenComment -
No. I actually did apply for a job with BetRivers(Rush Street Interactive) a while ago but I wanted to work remote. Only because the position was in NJ and not CT. Also the pay was below what I'd expect.
If you look at what many of these sportsbooks are paying, especially for traders and high up positions, it's total garbage. The best paying ones when I looked last was Caesars/WillHill and Tipico. Draftkings and FanDuel were paying nothing. I've never had to work for anyone else in my life so maybe $60-80k is a fair rate? Seems low to me for jobs with any real responsibility.Comment -
CEO of Fan Dual on CNBC this morning.
FanDuel’s CEO says unregulated, offshore sites have an unfair advantage because they don’t pay state and local taxes and don’t invest in compliance or lobbying for the expansion of sports gambling in the U.S.
When you see the fight against offshore starting to be on national tv you should know the big money behind it is wanting it shut down, doesn’t mean it will happen but money usually gets it’s way in Washington DCComment -
Absolutely. It seems impossible to me to imagine that offshore won't come under attack. It will probable take time and will be messy, but it's going to get harder and harder to play offshore. For some reason, Bovada especially seems to have the kind of players that the Fanduels and Draftkings of the world want. Especially when they get into other states like CAComment -
maybe the domestic books are realizing the piece they thought they would make is not what they had hoped and now they are running to the US government whining about offshore. instead of the books trying to entice people to play and giving out better odds and bonuses, they just expect you to play cause they are domestic.Comment -
Will banning offshore increase action for US books or for locals?Comment -
Number one are the margins there too wide in the USA
Totally unbeatable
Number two Anyone that goes on a nice winning street get limits cut under $10 even if it’s not a sharp account most books
There’s not much incentive after the sign-up perks no real bonusesComment -
Bump this thread in 3 years and tell me how it wentComment -
No bonuses, can't use crypto, booted if you win, and terrible lines.
Yeah, I think I'll stick with offshore.Comment -
U.s. books just want to ban offshore so that they can corner the market and increase there shady tacticsComment -
I have never bet a USA book, but in the CNBC article one guy said he can only get down $120 per game at USA shops.
That is absolutely ridiculous. Wtf is $120 gonna do? I spend more than that on drinks while I watch the game.
These people are so clueless. They have all this money and they are limiting people to $120? The max bet on Blackjack at the MGM Grand is $10,000 and that's not even in high stakes.
They need to make the max bet at least $5,000 to be taken seriously.
I bet there's high school kids out there taking action that will take more than 120Comment
