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RE: Some thoughts on multiaccounting in Steem Monsters and online poker.

in #steemmonsters6 years ago

Governments don't recognize SM cards as currency. Legally ... no gambling will be taking place. Using crypto ( SM cards are crypto ) is how some poker sites can allow US players and avoid gambling laws.

Sadly, this isn't true. Trivial example: Bryan Micon was prosecuted for running Seals With Clubs. More generally, for obvious reasons gambling laws don't limit their reach to only things that are currency, or they'd be completely ineffective.

Anything that has a buyin and a prize will end up considered gambling.

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Ah yes .. how could I forget about Seals With Clubs. In any case its highly unlikely the government dings us with gambling for using SM cards as rake. Crypto been used to skirt gambling laws for years. But I suppose the risk is still there.

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