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Common with offshore online casinos: you can deposit and lose your money, but as soon as you try to withdraw winnings the KYC rolls out and you better hope you'

Common with offshore online casinos: you can deposit and lose your money, but as soon as you try to withdraw winnings the KYC rolls out and you better hope you're not a US citizen because you weren't even supposed to sign up in the first place then.

josephcsible 4y ago
Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal? Shouldn't it have to be either "we'll reset everything back to before you gambled" or "everything you already did stands; you just can't do anymore (and are probably in trouble)"?
- earnesti 4y ago
  It is likely not legal but the gamblers are too lazy to take it to courts I would guess, and the casinos are in jurisdictions where it might be really tedious or expensive.
- cmeacham98 4y ago
  It probably isn't, but generally their ToS says you're not allowed to be in the US when you sign up, and they don't operate in the US. So you'd have to go sue them in the jurisdiction of whatever island nation they're operating in (or get the authorities there to care). Additionally, if you're within the majority of people who deposit money and lose it all you're not going to even know this unless you do some active research about the casino.
  - josephcsible 4y ago
    Why couldn't such a judgment be enforced from a US court, by forbidding any American banks from sending any money to their bank until they pay up?
    - cmeacham98 4y ago
      These sites typically operate using deposits/withdrawals in cryptocurrency.
- tablespoon 4y ago
  > Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal? I don't know the actual law is, but it could be that the customer is the one who committed the crime of illegal gambling. If that's the case, it doesn't matter if keeping his winnings is legal or illegal, if the gambler brings suit he puts himself in legal jeopardy and I don't think the courts will enforce contracts associated with illegal activities (e.g. a hitman can't go to court to force his client to pay).
  - thaumasiotes 4y ago
    > a hitman can't go to court to force his client to pay Somehow I doubt that causes many problems in trying to collect from clients.
- tedunangst 4y ago
  To the extent it's about money laundering, if you lose the money and don't withdraw it, you're not laundering it.
- layer8 4y ago
  They probably count on you not suing them in the offshore jurisdiction.
- wpietri 4y ago
  Presumably for the same reason you can't call the police if an illegal drug deal goes bad. [1] [1] Which, yes, actually happens. E.g.: https://www.wect.com/story/22122424/man-calls-911-to-report-drug-dealer-didnt-bring-marijuana-cocaine/ https://www.wect.com/story/22122424/man-calls-911-to-report-...
- omgomgomgomg 4y ago
  Usually, it is all deposits minus all withdrawals are refunded. The casino will be in the red here, due to provider costs.
deleted 4y ago
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patriciaaa 4y ago
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josephcsible 4y ago

Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal? Shouldn't it have to be either "we'll reset everything back to before you gambled" or "everything you already did stands; you just can't do anymore (and are probably in trouble)"?

earnesti 4y ago
It is likely not legal but the gamblers are too lazy to take it to courts I would guess, and the casinos are in jurisdictions where it might be really tedious or expensive.
cmeacham98 4y ago
It probably isn't, but generally their ToS says you're not allowed to be in the US when you sign up, and they don't operate in the US. So you'd have to go sue them in the jurisdiction of whatever island nation they're operating in (or get the authorities there to care). Additionally, if you're within the majority of people who deposit money and lose it all you're not going to even know this unless you do some active research about the casino.
- josephcsible 4y ago
  Why couldn't such a judgment be enforced from a US court, by forbidding any American banks from sending any money to their bank until they pay up?
  - cmeacham98 4y ago
    These sites typically operate using deposits/withdrawals in cryptocurrency.
tablespoon 4y ago
> Why is "if you gambled but we found out you weren't allowed to gamble, we'll take back your winnings but not give back your losses" legal? I don't know the actual law is, but it could be that the customer is the one who committed the crime of illegal gambling. If that's the case, it doesn't matter if keeping his winnings is legal or illegal, if the gambler brings suit he puts himself in legal jeopardy and I don't think the courts will enforce contracts associated with illegal activities (e.g. a hitman can't go to court to force his client to pay).
- thaumasiotes 4y ago
  > a hitman can't go to court to force his client to pay Somehow I doubt that causes many problems in trying to collect from clients.
tedunangst 4y ago
To the extent it's about money laundering, if you lose the money and don't withdraw it, you're not laundering it.
layer8 4y ago
They probably count on you not suing them in the offshore jurisdiction.
wpietri 4y ago
Presumably for the same reason you can't call the police if an illegal drug deal goes bad. [1] [1] Which, yes, actually happens. E.g.: https://www.wect.com/story/22122424/man-calls-911-to-report-drug-dealer-didnt-bring-marijuana-cocaine/ https://www.wect.com/story/22122424/man-calls-911-to-report-...
omgomgomgomg 4y ago
Usually, it is all deposits minus all withdrawals are refunded. The casino will be in the red here, due to provider costs.

deleted 4y ago

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patriciaaa 4y ago

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