Crypto gambling

in #cryptocurrency • 7 years ago

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?

#steem #steemit
7 years ago in #cryptocurrency by
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     7 years ago  

    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

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       7 years ago  

      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...

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