Is gambling and losing money on off shore books legal?

rake922

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#1

Is gambling and losing money on off shore books legal?

01-25-08, 08:07 AM

Winning, and avoiding taxes is obviously illegal... But what if you just gamble and lose.
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rake922

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#2

01-25-08, 11:19 AM

.
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zerocage

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#3

01-25-08, 12:23 PM

Of course its legal to lose.
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jjgold

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#4

01-25-08, 01:02 PM

Gambling offshore is illegal
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rake922

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#5

01-25-08, 01:18 PM

Originally posted by jjgold

Gambling offshore is illegal

even if you lose? what law are you breaking?
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Justin7

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#6

01-25-08, 01:26 PM

There's no federal law against betting online (although it is illegal to run an internet gaming site).

Check your state law - many states have laws against internet gambling, or even normal gambling.
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MoneySportsGuy

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#7

01-25-08, 01:56 PM

JJ

So how do you gamble if its illegal?
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