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I think the reason is that you can launder money this way. What is also interesting to me is why the internet betting is prohibited in USA, but buying stock or
by greyman 16y ago
I think the reason is that you can launder money this way.
What is also interesting to me is why the internet betting is prohibited in USA, but buying stock or forex trading is not prohibited. So you can't bet on sport outcome, but you can bet on companies stock prices or currency fluctuations.
- russss 16y agoMoney laundering is a big problem for betting exchanges, but it's not an unsolvable problem. Countries that issue betting exchange licenses generally have very tight anti-money laundering requirements.