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Online Sports Betting - Legal?

Discussion in 'Off-topic Zone' started by EGTuna, Oct 11, 2012.

  1. EGTuna

    EGTuna Active Member

    380 Messages
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    Is online sports betting legal with offshore sites? I know online poker was shutdown, but can't find clear answers about offshore sites for sports betting (some sites that might have clear answers are blocked by the company here at work).
  2. Nomad

    Nomad Active Member

    433 Messages
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    It's still not 100% clear what the legality is, it's not black and white. They sort of made it illegal along with poker by stopping the money transfer companies and it's illegal for a bank to send money overseas for betting purposes. It's almost like it's not technically illegal they just made it really hard to transfer money back and forth. And I think the illegality is more focused on the banks and casinos and less on the individual gambler.
  3. Meat-O-Rama

    Meat-O-Rama Vegetarians are so stupid.

    2,260 Messages
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    The answer is... maybe.

    It's not legal for gambling websites to be operated in the US. But it is legal for them to be operated in other countries. Those sites will tell you that it is legal for you to place your bets with them as the money and operations are offshore, therefore not subject to US jurisdiction. The problem is if you get cheated, you can't count on the US to step in and help out.

    The other issue to consider is how to get the money to those offshore sites. Most credit cards and banks specifically prohibit gambling related transactions.

    Another thing to consider is what happens if the US decides that the site you are using is illegal and shuts that site down and freezes the assets like they did with some poker sites recently. Then your out of that money until such time as they decide to give it back.

    Long story short, the biggest gamble on offshore gambling sites is actually using them.

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