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Re:Binance served crypto traders in Iran despite U.S. sanctions by nly on Monday July 11, 2022 @09:24AM (#32055806)
Was the gambling website accepting US customers? Otherwise on what basis is a crime committed?
Re:Binance served crypto traders in Iran despite U.S. sanctions by rwmj on Monday July 11, 2022 @09:26AM (#32055826)
Yes they were flouting US gaming laws.
Re:Binance served crypto traders in Iran despite U.S. sanctions by lotsofpulp on Monday July 11, 2022 @09:37AM (#32055944)
Are these old laws that are no longer applicable? Because online gambling seems to be perfectly legal in the US based on the millions of sports betting (including fantasy) advertising slots I see when trying to watch a sports game.
Re:Binance served crypto traders in Iran despite U.S. sanctions by yieldcrv on Monday July 11, 2022 @10:33AM (#32056696)
The ban is on financial institutions sending money to and from online gambling sites

With an newer exception for intrastate gambling

And an even newer exception for “games of skill” (sports fantasy stuff simply winning challenges to prohibitions)

Many other kinds of gambling sites use a seperate company for payments or just find a friendly bank to break the law

Regardless, the US consumer has many many options and does not have to care

Re:Binance served crypto traders in Iran despite U.S. sanctions by Hamuko on Monday July 11, 2022 @09:40AM (#32055983)
Aren't fantasy football sites classified as "game of skill" (quotation marks very much needed) websites?
Re:Binance served crypto traders in Iran despite U.S. sanctions by lotsofpulp on Monday July 11, 2022 @09:56AM (#32056185)
That would be an interesting loophole.
Re:Binance served crypto traders in Iran despite U.S. sanctions by reaperducer on Monday July 11, 2022 @09:51AM (#32056116)
Yes they were flouting US gaming laws.

Which law, exactly? Because there are plenty of legal ways to gamble online.

You just have to use an app that works with a legal casino, like MGM, Caesars, or one of the many many competitors, and be physically in a state where it's allowed.

Re:Binance served crypto traders in Iran despite U.S. sanctions by InitialLastName on Monday July 11, 2022 @10:22AM (#32056545)
There are plenty of legal ways to gamble online now.

GP suggests it's been 20 years since their interview. Looking through [0] sports betting was illegal almost everywhere until 2018. Prior to that, it was legal in much of Europe, and there were indeed a number of companies who were looking the other way on (and indeed indirectly marketing to) Americans, in violation of US laws.

[0] https://en.wikipedia.org/wiki/Gambling_in_the_United_States#...

Re:Binance served crypto traders in Iran despite U.S. sanctions by nrmitchi on Monday July 11, 2022 @10:09AM (#32056369)
This incident happened ~20 years ago. The state of “online gambling”, as well as loopholes/implementations, has likely changed in that time.

As well, just because there is one way where online gambling is legal, does not mean that all ways are legal. Ie, just because it’s doable, doesn’t mean that you can’t still be flouting the law.