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1  Economy / Gambling discussion / Re: Some basic legal questions about opening a bitcoin gambling site on: August 27, 2016, 11:39:00 PM
i seriously doubt you could afford to run a compliant gambling site. if you're anywhere near the us you're gonna get yourself in a world of legal pain. better to stay anonymous and host it elsewhere.

if you try to cash out via places like coinbase or bitpay or anywhere with American presence and they find out it's gambling profits they'll get rid of your custom asap.

Thanks for the reply man, I'm new to all of this and I'm more just curious about how it would be done. Could you elaborate on what you mean by staying anonymous? I'm also not sure what you mean that they'll get rid of my custom.
2  Economy / Gambling discussion / Some basic legal questions about opening a bitcoin gambling site on: August 27, 2016, 09:33:38 PM
I'm looking into the possibility of starting a small esports bitcoin betting site but I'm pretty uninformed on the legal aspects involved. My biggest question is about transferring bitcoin from the site to USD. From what I've read, it seems like this is where you can get into trouble. Is there a way to legally transfer profits from a site like this to fiat money?
Also, would it benefit for a site like this to be based outside of the US in a place like Costa Rica? If it were, would there be any legal issue with accepting users from the US?
Thanks for any help you can give me.
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