3 ms·
Only tangentially related, but try getting a UK or US bank account as a gambling company. Doable, yes. Easy, no. Low-effort, not a chance. And you still risk ge
by bostik 5y ago
Only tangentially related, but try getting a UK or US bank account as a gambling company. Doable, yes. Easy, no. Low-effort, not a chance. And you still risk getting kicked out for no reason at all.
Banks are terrified of gambling companies: they are one of the very few businesses where it is perfectly normal for a notable fraction of downstream customers to withdraw more money than they put in. Without ever having delivered any goods or billable services(!)
Is it any wonder online gambling has been such a magnet for money laundering?