Not logged in? Join one of the bigest Law Forums on the Internet! Join Now!   Latest blog post: Research Law Professors Before Choosing Law Schools

Advertisments:




Sponsor Links:

Discount Legal Forms
Discounted Legal Texts


Are You Able To Begin An Internet Gambling Enterprise Using Digital Chips In The Place Of Cash

Business Law discussions

Are You Able To Begin An Internet Gambling Enterprise Using Digital Chips In The Place Of Cash

Postby Wilbert » Sat May 24, 2014 3:43 pm

Hi, Im involved to understand if this specific situation could be regarded illegitimate or not. <br />
First, this issue relates to online gaming regulations within the Usa. Let us simply state that a customer were to buy "chips" around dollars. If it concerns, the quantity of cash won't immediately match the quantity of "chips" bought. The customer may use these "chips" to bet on the "sport of opportunity", poker (or additional ability-based activities), as well as sports. I understand the sports component is just a small kicker, but simply hear me out. <br />
Today, the "chips" which are gambled can only just be properly used to earn much more "chips". The payment WON'T maintain US dollars. The trick is the fact that the customers could be ready to switch within their "chips" for bodily awards just like you'd do at a game. Officially, these were never betting US dollars at-all, nevertheless that's simply my estimation. This really is type of much like that of the cent-marketis circumstances.<br />
I really could truly employ somebodyis viewpoint with a few actual legal knowledge. Cheers ahead of time!
Wilbert
 
Posts: 7
Joined: Sat Mar 01, 2014 8:54 am
Top

Can You Start An Online Gambling Business Using Virtual Chips Instead Of Cash

Postby Jayna » Sat May 24, 2014 9:45 pm

It is 100% illegitimate in america whether or not you utilize bucks or quatloos under national regulation in addition to state-law in most condition I'm conscious of. It's illegitimate for all of us banks to move resources for this purchase for that which you could possibly get away offshore, that's beyond the range of the forum.<br />
Shares (penny or else) are highly-regulated when released for community dealing as are any locations for investing or agenting these transactions.
Jayna
 
Posts: 9
Joined: Mon Jan 06, 2014 6:51 am
Top

Can You Start An Online Gambling Business Using Virtual Chips Instead Of Cash

Postby Corby » Thu May 29, 2014 11:49 am

Currently the only online gaming legal in some places still, are the sweepstakes.
Corby
 
Posts: 5
Joined: Thu Apr 03, 2014 10:44 am
Top

Can You Start An Online Gambling Business Using Virtual Chips Instead Of Cash

Postby Avisha » Thu Jun 05, 2014 6:27 am

In what manner was that insulting? And just how is the fact that weaseling? There has been numerous court situations where individuals have "weaseled" on details like this. Maybe should you dont actually understand the clear answer then you definitely shouldnt solution since providing somebody the incorrect solution isn't "assisting" anybody. Dont get upset simply because you transformed the name of my line to anything ignorant. <br />
PS an easy Wikipedia report on online gaming might tell somebody that you simply dont have half of a humor what ur talking round. Cheers for nothin
Avisha
 
Posts: 15
Joined: Wed Jan 01, 2014 4:46 am
Top

Can You Start An Online Gambling Business Using Virtual Chips Instead Of Cash

Postby macdoughall » Mon Jun 16, 2014 6:27 pm

If you just came here to insult those who are attempting to answer your questions you can go take a hike.

I told you the way the law is, you can weasel all you want but it doesn't change the law.
macdoughall
 
Posts: 17
Joined: Wed May 22, 2013 6:52 pm
Top

Can You Start An Online Gambling Business Using Virtual Chips Instead Of Cash

Postby Cristofor » Thu Jun 19, 2014 3:55 am

thanks alot FlyingRon!<br />
I truly enjoy your solution. So heres a thought, internet poker is authorized since it is just a sport of ability, not gaming right... What exactly basically was to just permit activities of ability. The payment again might just maintain awards (never money). Cent deals (not shares) for example quibids consider cash for that same kind of factor. A cent market is essetially an art right? Simply seeking to explain- - - Updated - - -<br />
The name this was transformed is barely perhaps the issue if u really READ
Cristofor
 
Posts: 5
Joined: Thu Mar 27, 2014 4:58 am
Top


Return to Business Law

 


  • Related topics
    Replies
    Views
    Last post