[DontTailMe]

All of these people saying it can't be done forgetting about Black Friday? If the U.S. federal government wants something done badly enough, they can make it happen. The impetus hasn't been there...possibly until now.

[jjgold]

Tail me correct but I doubt it goes anywhere

[Brock Landers]

One big difference now is a bunch of laws are on the books that are a lot more easily enforceable than UIGEA was.

Tell me which one cuts off Bitcoin/crypto

I'll hang up and listen

[Optional]

Tell me which one cuts off Bitcoin/crypto

I'll hang up and listen

They don't need to block bitcoin if they can bring enough legal heat on the non-licensed book owner and it's service providers.

I wasn't making a prediction, just saying the legal playing field is a lot different now than it has been for those 25 years you mentioned.

[Mac4Lyfe]

I wasn't making a prediction, just saying the legal playing field is a lot different now than it has been for those 25 years you mentioned.

How can any state say that it's legal to gamble, lose your money with their state sanctioned books but offshore is really illegal and bad for the consumer?

States might as well start selling crack cocaine too.

[clockwise1965]

Never gonna happen

[Brock Landers]

They don't need to block bitcoin if they can bring enough legal heat on the non-licensed book owner and it's service providers.

I wasn't making a prediction, just saying the legal playing field is a lot different now than it has been for those 25 years you mentioned.

I disagree as strongly as possible.

They've just been biding their time since 1994 or so, just toying around to wait for that special day they'll shut down books legally operating in Costa Rica, Panama, and elsewhere.

Excrement

[Waterstpub87]

People who think bitcoin is going to save offshore are delusional. That money has to come back to a US financial institution at some point. They'll trace it, and your account will be closed. They do it already. The will get more heat as bitcoin is more closely examined, and the government puts more a squeeze. Yes you can use local bitcoins, but good luck on moving major money through that. Getting 20,000 out of offshore is going to be a nightmare

Every state that legalizes has the offshore losing more of their best clients. Why are the super squares going to buy bitcoin and wait a week when they can paypal it to fanduel in a minute. Eventually 48 states will have it legal.

The US facing offshores are either going to close or stop taking Americans. Might be a matter of a few years.

If I still had offshore money, I would be pretty cautious about keeping balances.

[Brock Landers]

People who think bitcoin is going to save offshore are delusional. That money has to come back to a US financial institution at some point. They'll trace it, and your account will be closed. They do it already. The will get more heat as bitcoin is more closely examined, and the government puts more a squeeze. Yes you can use local bitcoins, but good luck on moving major money through that. Getting 20,000 out of offshore is going to be a nightmare

Every state that legalizes has the offshore losing more of their best clients. Why are the super squares going to buy bitcoin and wait a week when they can paypal it to fanduel in a minute. Eventually 48 states will have it legal.

The US facing offshores are either going to close or stop taking Americans. Might be a matter of a few years.

If I still had offshore money, I would be pretty cautious about keeping balances.

I can move 100k at a time from Blockchain to my bank. No problem or issues.

[jjgold]

Bitcoin audits coming they are behind

[Crusherrr]

When you are betting with illegal sportsbooks you are betting for the enenies of the US who don't pay taxes. When you play with US books your taxes are used to support our military that keeps us free. Does your freedom worth the touble of betting with illegal sportsbooks?

You sound stupid. People bet offshore because it's better. Plain and simple. I'd rather bet with crypto, too. USD is the ultimate sheetcoin.

[MT Casings]

They've been trying to do this for 25 years

Correct. It like the drug dealer who gets arrested on the corner. Ten more guys in line to take his place. If the take down 20-25 books so be it. There will be plenty of them to step in and operate.

[Waterstpub87]

I can move 100k at a time from Blockchain to my bank. No problem or issues.

You can, or you have? How many times before it gets shut down.

[KVB]

Water St is not wrong.

They might not be able to pinch it out, but they could take another, sudden shot.

It just depends on who they want to go after.

But the New Jersey model is going to carry some real weight in the next few years as states go crazy opening up.

[Brock Landers]

You can, or you have? How many times before it gets shut down.

It's an ACH transfer, which cumulatively I've done for over 50k this year

Who's shutting what down? I'm approved for 200k at a time if I choose from Blockchain to my bank.

It's converted from Bitcoin to us dollars at Blockchain.com

[KVB]

You can do even more from bank to onshore book or casino Brock.

And it's much safer, to be honest.

There's no comparison. And that's not a knock on offshore movement, not at all. In fact, I have little problem with offshore.

I'm just saying, because of US Consumer protection, it is safer onshore in a legal jurisdiction.

[captrobey]

Offshore has the Way better bonuses. Other then the original deposit they are not as good. Stuff like get a 20% bonus max $50 deposit garbage like that. The least bonus i have now is 30% cash the best is 50% cash. And they have paid me . Betmgm does that free casino spin for a whopping 30 cents if you are lucky.

[KVB]

Don't forget the VIG

lol

Number one reason for offshore.

[KVB]

And if you can get down in a variety of places, you can make all of that work for you.

Imagine that, instead of battling vig, you are exploiting it.

[themike78]

People who think bitcoin is going to save offshore are delusional. That money has to come back to a US financial institution at some point. They'll trace it, and your account will be closed. They do it already. The will get more heat as bitcoin is more closely examined, and the government puts more a squeeze. Yes you can use local bitcoins, but good luck on moving major money through that. Getting 20,000 out of offshore is going to be a nightmare

Every state that legalizes has the offshore losing more of their best clients. Why are the super squares going to buy bitcoin and wait a week when they can paypal it to fanduel in a minute. Eventually 48 states will have it legal.

The US facing offshores are either going to close or stop taking Americans. Might be a matter of a few years.

If I still had offshore money, I would be pretty cautious about keeping balances.

I can buy up to $50,000 bitcoin instantly and cashout bitcoin instantly to my bank account. Where exactly do you come up with waiting a week? Offshore is going nowhere. This same story has been repeated for the last 20 years.

[JIBBBY]

Bitcoin audits coming they are behind

That makes me nervous. Even though I claim most of my gambling winnings I don't need an audit because of red flags with Coinbase and bitcoin transfers.

[jjgold]

Anyone that had money transfers into coinbase is a target

It’s considered profit regardless

No cost basis reporting from other sites where you might be buying and selling coin


You better have good records

[Waterstpub87]

I can buy up to $50,000 bitcoin instantly and cashout bitcoin instantly to my bank account. Where exactly do you come up with waiting a week? Offshore is going nowhere. This same story has been repeated for the last 20 years.

How much are the fees on that.

That's you Jibby. Your experienced. A new gambler or the super squares I've met are not doing that. The books need the super squares. They keep the lights on.

It amazes me that people's main argument is "I can currently launder money. The government has announced that they will start looking into this particular method of money laundering. But I'll still be able to do it no problem".

Look after yourselves. I remember when my absolute poker money got locked up. Back then, people used to say the same thing.

[Crusherrr]

How much are the fees on that


Look after yourselves. I remember when my absolute poker money got locked up. Back then, people used to say the same thing.

Use coinbase pro. Fees are a fraction of what coinbase charges.


I received my full balance from UltimateBet/Absolute a few years after. It wasnt even my account as I was underaged and was using family members account

[DontTailMe]

I disagree as strongly as possible.

They've just been biding their time since 1994 or so, just toying around to wait for that special day they'll shut down books legally operating in Costa Rica, Panama, and elsewhere.

Excrement

I think what you're missing is that they haven't been biding their time. It simply hasn't been a priority for them. But things have changed dramatically, right? Sports betting is legalized in many states, and that number is growing. Therefore, dollars spent offshore are directly impacting both state/federal tax revenue and the profits of U.S. corporations, who undoubtedly have lobbyists reminding politicians of that very fact. You can't look at the past 25 years and say that it's proof that nothing will happen. We're in completely different times now.

[Brock Landers]

guys, F uck Coinbase.

Setup a full blockchain.com account, you'll never look back

[jjgold]

Gaming experts say it will never happen

People flock to offshore because they are better in every way

USA books have to fix there issues with lines and micro limits for guys that go on a hot streak or offshore will be big as ever

[scottgodson1985]

i doubt the bank has no issues with this landers?

[KVB]

Gaming experts say it will never happen

People flock to offshore because they are better in every way

USA books have to fix there issues with lines and micro limits for guys that go on a hot streak or offshore will be big as ever

They really don't have to fix anything.

Markets might tighten a little, and if they want to be good bookmakers and cater to everyone, they could.

But they really don't need to fix anything.

Like you said, the players just don't know. They will play anyway.

Offshore was around a long time, did you see Vegas change anything?

Not really, they let in Will Hill, some lower vig and little limits with high risk managment, but Vegas prices remained across the strip.

The specific market will set it's prices.

[Brock Landers]

They really don't have to fix anything.

Markets might tighten a little, and if they want to be good bookmakers and cater to everyone, they could.

But they really don't need to fix anything.

Like you said, the players just don't know. They will play anyway.

Offshore was around a long time, did you see Vegas change anything?

Not really, they let in Will Hill, some lower vig and little limits with high risk managment, but Vegas prices remained across the strip.

The specific market will set it's prices.

state books want losers only

Thats a problem

[KVB]

All they need to do is fix the managers.

The could cater to everyone.

A good manager has so much juice he can add and work with at opportune times.

It's ridiculous.

[KVB]

With legalization, I underestimated two things.

1. The failure of the William Hill model. I thought they, or someone like em, could roll.

2. Exactly how stupid the American betting public is. And that is saying a lot...

There is so much room to work with. These corporations are so fukkin greedy.

[KVB]

I'm surprised low vig locals don't pop up and manage clients until they get big enough.

They could undercut and still make a killing on vig.

Just follow your local market.

[KVB]

I always knew they would pass the cost on to customers, make no mistake. We all were saying here comes -115.

But I thought it would settle, they would smarten up, and a Will Hill would come through.

That is clearly not happening.

[dhristov211]

I can buy up to $50,000 bitcoin instantly and cashout bitcoin instantly to my bank account. Where exactly do you come up with waiting a week? Offshore is going nowhere. This same story has been repeated for the last 20 years.

If your bank account is outside of U.S. jurisdiction, you have no problem.