How does crypto gambling work? Do I get taxed for it or only if I convert it to usd.... I'm trying to figure out if it is worth creating a site for betting?
That is old news man... Here in the U.S. online gambling is legal now! Check out sites like fanduel and draftkings, the only heat they receive is from the states...
I would recommend reading this article published by NPR regarding legality of crypto based casino/gambling: http://www.npr.org/sections/alltechconsidered/2013/02/06/171182974/is-online-gambling-legal-if-bitcoins-not-dollars-are-at-stake
That is old news man... Here in the U.S. online gambling is legal now! Check out sites like fanduel and draftkings, the only heat they receive is from the states...
great post, lincolnkelley as usual!