Hack or not: picking sports and cashing out (legally)

Re:Hack or not: picking sports and cashing out (legally) by stephengillie on Thursday October 18, 2012 @01:51PM (#4669991)

From the article: If you have a grand or more in Banana Bucks (or B$, our virtual currency)...

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The only model they could legally work is:

Allow people to gamble with real money if it's legal where the person lives, and force them to use fake money if they live where gambling is illegal.

Even if Americans have to leave the country to receive their payouts, American courts will still likely find this site in violation of anti-gambling laws.

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Re:Hack or not: picking sports and cashing out (legally) by andyakb on Thursday October 18, 2012 @01:58PM (#4670038)

yea, the us gov't has made it pretty clear that what matters is where the customers are located, so while they dont care if an american gambles online from canada, an american cant gamble from america and then go to canada to get his money.

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Re:Hack or not: picking sports and cashing out (legally) by nav on Thursday October 18, 2012 @02:06PM (#4670102)

To clarify. There is no buy in. In no point of the game do you actually use your credit card, cash, sheep's wool or any form of a tradable commodity to buy-in.

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Re:Hack or not: picking sports and cashing out (legally) by andyakb on Thursday October 18, 2012 @02:21PM (#4670183)

how do customers get banana bucks? what happens when they cashout banana bucks?

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