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US Citizens Continuing To Gamble Online Despite New Laws


Gambling laws in the US are so full of loopholes that it seems that the recent gambling ban, which was tacked on to the Safe Ports Bill, has had little to no effect at all.

However, while you make that these players are breaking the law, it turns out that they are perfectly within their rights to play, as the law only prohibited financial institutions from dealing with gambling sites, not the actual playing of the game. So if you can fund your account using another source then you can carry on gaming.

Players are turning to E-wallets such as Neteller, or Firepay to fund their games, although lots of big casinos are not accepting US players, there are a small number that still are.

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No, since a casino does not meet the meaning of "applicable financial entity" per Internal Revenue Code section 6050P(a), there is no reporting requirement in the discharge of a gaming debt.
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Definition:The first three cards of the community cards.

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