Wyoming legalized online sports betting - crypto wagers allowed too

[suzanne5223]

If taxes was the only thing against the US jurisdiction then I am sure that many casinos will still open their doors there, what happens is that the US regulations are so insane that casinos choose to avoid it completely and in the case of fiat casinos there are some fiat casinos that in their desire to avoid the US laws they avoid accepting any US clients at all as they do not want to bother to fill reports to the US government, but still I believe this is a step forward in the right direction.

I believe Silberman was right because taxes issue want not the main reason why some casinoes restricted the US resident/citizen and the last time I checked the UK seems to have high tax rate than the US but the reason is the lengthy and complicated laws of the US government not in gambling alone cause the same thing happen to other setting of business that operates in the US

The US regulations are so bad that this is not only happening to casinos but to almost any institution that manages money, there are many banks that do not accept citizens of the US anymore precisely for the very same reasons, and there are many investment firms, international lawyers and accounting firms and even companies that keep your gold have stopped accepting US citizens as customers and it is easy to imagine that casinos are following the same trend.

You proof your point, to us their rules and regulations is bad/burden but it seems to actually work for them despite it limit their chance of getting more tax from some companies which ought to operate on their soil and I think they need to ease the rules now that every countries are experiencing economic meltdown through the covid-19.

[1714862352]

1714862352

[1714862352]

1714862352

[1714862352]

1714862352

[carlfebz2]

If taxes was the only thing against the US jurisdiction then I am sure that many casinos will still open their doors there, what happens is that the US regulations are so insane that casinos choose to avoid it completely and in the case of fiat casinos there are some fiat casinos that in their desire to avoid the US laws they avoid accepting any US clients at all as they do not want to bother to fill reports to the US government, but still I believe this is a step forward in the right direction.

I believe Silberman was right because taxes issue want not the main reason why some casinoes restricted the US resident/citizen and the last time I checked the UK seems to have high tax rate than the US but the reason is the lengthy and complicated laws of the US government not in gambling alone cause the same thing happen to other setting of business that operates in the US

The US regulations are so bad that this is not only happening to casinos but to almost any institution that manages money, there are many banks that do not accept citizens of the US anymore precisely for the very same reasons, and there are many investment firms, international lawyers and accounting firms and even companies that keep your gold have stopped accepting US citizens as customers and it is easy to imagine that casinos are following the same trend.

You proof your point, to us their rules and regulations is bad/burden but it seems to actually work for them despite it limit their chance of getting more tax from some companies which ought to operate on their soil and I think they need to ease the rules now that every countries are experiencing economic meltdown through the covid-19.

Its up to them if they would really decide to stick out with their rules or laws that had been imposed about total ban or prohibition out of those casinos specially that we are on a crisis where tax and revenues

could really be that relevant or much needed for todays situation.For making out some change of mind decisions then its a bit ideal rather than on sticking on the previous laws just because of some

useless ego or the people around arent still convinced on what are the pro's on accepting those neither online or physical casinos.They should be mindful on what are the potential

benefits that they could possibly get on such changes.

[suzanne5223]

If taxes was the only thing against the US jurisdiction then I am sure that many casinos will still open their doors there, what happens is that the US regulations are so insane that casinos choose to avoid it completely and in the case of fiat casinos there are some fiat casinos that in their desire to avoid the US laws they avoid accepting any US clients at all as they do not want to bother to fill reports to the US government, but still I believe this is a step forward in the right direction.

I believe Silberman was right because taxes issue want not the main reason why some casinoes restricted the US resident/citizen and the last time I checked the UK seems to have high tax rate than the US but the reason is the lengthy and complicated laws of the US government not in gambling alone cause the same thing happen to other setting of business that operates in the US

The US regulations are so bad that this is not only happening to casinos but to almost any institution that manages money, there are many banks that do not accept citizens of the US anymore precisely for the very same reasons, and there are many investment firms, international lawyers and accounting firms and even companies that keep your gold have stopped accepting US citizens as customers and it is easy to imagine that casinos are following the same trend.

You proof your point, to us their rules and regulations is bad/burden but it seems to actually work for them despite it limit their chance of getting more tax from some companies which ought to operate on their soil and I think they need to ease the rules now that every countries are experiencing economic meltdown through the covid-19.

Its up to them if they would really decide to stick out with their rules or laws that had been imposed about total ban or prohibition out of those casinos specially that we are on a crisis where tax and revenues

could really be that relevant or much needed for todays situation.For making out some change of mind decisions then its a bit ideal rather than on sticking on the previous laws just because of some

useless ego or the people around arent still convinced on what are the pro's on accepting those neither online or physical casinos.They should be mindful on what are the potential

benefits that they could possibly get on such changes.

I believe they already understand what the potential benefit of the States will be if they diminish their rules and regulations concern private and self-sufficient businesses but like you said their ego seems to always be their priority.
I read that Biden is planning to increase the tax rate this year.

[michellee]

It depends from how the gambler can limit their expenses while inside the gambling house, whatever currency you are using without limitations
you'll find yourself losing a lot.

Better in the sense that you know how much money you are using since crypto keeps changing in value,
with USD you'll be able to know if you already exceeding from your budget.

You can convert vice versa and it's all about how you understand everything.

Many gamblers can not limit their expenses while they are playing gambling. If they see they lose and the money is not much, they will deposit some amount and continue playing gambling. If a gambler can limit their money, and let say, they will only use $20 every time they gamble and convert it into btc or altcoins, and they will use a limit that no matter if the coins amount still available on their wallet or not, they can stop gambling.

[Silberman]

The US regulations are so bad that this is not only happening to casinos but to almost any institution that manages money, there are many banks that do not accept citizens of the US anymore precisely for the very same reasons, and there are many investment firms, international lawyers and accounting firms and even companies that keep your gold have stopped accepting US citizens as customers and it is easy to imagine that casinos are following the same trend.

You proof your point, to us their rules and regulations is bad/burden but it seems to actually work for them despite it limit their chance of getting more tax from some companies which ought to operate on their soil and I think they need to ease the rules now that every countries are experiencing economic meltdown through the covid-19.

I think something similar, their rules and regulations made sense when their economy was strong and there was no pandemic but if they keep pushing businesses to comply with their complex tax code then not only they are not going to get any tax from those companies but many that were dealing with them before could realize that it is not longer worth it for them and will just move on as many other companies did before them reducing the taxes the US government receives even further.

[suzanne5223]

The US regulations are so bad that this is not only happening to casinos but to almost any institution that manages money, there are many banks that do not accept citizens of the US anymore precisely for the very same reasons, and there are many investment firms, international lawyers and accounting firms and even companies that keep your gold have stopped accepting US citizens as customers and it is easy to imagine that casinos are following the same trend.

You proof your point, to us their rules and regulations is bad/burden but it seems to actually work for them despite it limit their chance of getting more tax from some companies which ought to operate on their soil and I think they need to ease the rules now that every countries are experiencing economic meltdown through the covid-19.

I think something similar, their rules and regulations made sense when their economy was strong and there was no pandemic but if they keep pushing businesses to comply with their complex tax code then not only they are not going to get any tax from those companies but many that were dealing with them before could realize that it is not longer worth it for them and will just move on as many other companies did before them reducing the taxes the US government receives even further.

You make a good point and this is already the situation happening there (in the US), some companies have moved to New York City, etc to state with ease tax payment while some companies moved from the US to the Asian countries with ease tax payment.

[Silberman]

I think something similar, their rules and regulations made sense when their economy was strong and there was no pandemic but if they keep pushing businesses to comply with their complex tax code then not only they are not going to get any tax from those companies but many that were dealing with them before could realize that it is not longer worth it for them and will just move on as many other companies did before them reducing the taxes the US government receives even further.

You make a good point and this is already the situation happening there (in the US), some companies have moved to New York City, etc to state with ease tax payment while some companies moved from the US to the Asian countries with ease tax payment.

Which is why the Biden administration is not only looking to increase taxers but it is also looking for most countries around the world to do the same, that way businesses will have no other option but to comply and pay more to the government, but since that is basically impossible and there will always be a country out there willing to offer low taxes to whoever opens a company there we are bound to see more capital fleeing the US during the next years.