3 ms·

Not necessarily, I mean if you buy a in-game item or currency that wouldn't be a cash advance so with this they could just say you bought $20 worth of credits a

Not necessarily, I mean if you buy a in-game item or currency that wouldn't be a cash advance so with this they could just say you bought $20 worth of credits and since you're buying credits that could be considered a good.

brador 4mo ago
That would be purchasing a license (service). Gambling is always classed as a cash advance. The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.
- weird-eye-issue 4mo ago
  What if the site allows you to purchase a digital asset such as a CS2 skin which you can then immediately sell back to them at the same price you to get credits in your account to gamble?
  - dotancohen 4mo ago
    That's fraud.
    - weird-eye-issue 4mo ago
      I'm trying to understand which part exactly is fraud? If this site offered a legitimate marketplace for these items as well as gambling then in certain jurisdictions of course that could be illegal (due to the gambling aspect) but where does the fraud come in exactly?
      - dotancohen 4mo ago
        The fraud is circumventing restrictions on purchasing gambling credits by ostensibly purchasing a CS2 skin at the time of the financial transaction. Legal what-ifs have a much lower bar than a C++ if clause or the assembly conditional it compiles to.
    - LPisGood 4mo ago
      How is it different than if I buy a TV and sell it on Ebay and use the funds to gamble?
      - dotancohen 4mo ago
        Depending on circumstances, many activities under the same banner of analogy are actually fraud as well. I suggest talking to a lawyer before making any plans. Fraud is more about intent to circumvent, and chaining together individually-legal activities is the most common path to a fraud conviction.
  - dfadsadsf 4mo ago
    If done at scale, you will get complaints/chargebacks that will trigger an audit followed by fines and/or account closure. Banks and underwriters have standard procedures in place to catch this.
- lxgr 4mo ago
  > Gambling is always classed as a cash advance. Many banks do, but there's no hard rule of the sort you're implying. > The gift cards trick has been tapped and closed, the credit companies figured it out decades ago. What do you mean? Buying gift cards using credit cards is absolutely possible.
- herpderperator 4mo ago
  This is not gambling in the legal sense (gambling is not even allowed in my state, and yet here I am using Kalshi, in case you wanted to argue that), which is why my transaction was classified as Professional Services and, for the nth time, NOT a cash advance.

brador 4mo ago

That would be purchasing a license (service). Gambling is always classed as a cash advance. The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.

weird-eye-issue 4mo ago
What if the site allows you to purchase a digital asset such as a CS2 skin which you can then immediately sell back to them at the same price you to get credits in your account to gamble?
- dotancohen 4mo ago
  That's fraud.
  - weird-eye-issue 4mo ago
    I'm trying to understand which part exactly is fraud? If this site offered a legitimate marketplace for these items as well as gambling then in certain jurisdictions of course that could be illegal (due to the gambling aspect) but where does the fraud come in exactly?
    - dotancohen 4mo ago
      The fraud is circumventing restrictions on purchasing gambling credits by ostensibly purchasing a CS2 skin at the time of the financial transaction. Legal what-ifs have a much lower bar than a C++ if clause or the assembly conditional it compiles to.
  - LPisGood 4mo ago
    How is it different than if I buy a TV and sell it on Ebay and use the funds to gamble?
    - dotancohen 4mo ago
      Depending on circumstances, many activities under the same banner of analogy are actually fraud as well. I suggest talking to a lawyer before making any plans. Fraud is more about intent to circumvent, and chaining together individually-legal activities is the most common path to a fraud conviction.
- dfadsadsf 4mo ago
  If done at scale, you will get complaints/chargebacks that will trigger an audit followed by fines and/or account closure. Banks and underwriters have standard procedures in place to catch this.
lxgr 4mo ago
> Gambling is always classed as a cash advance. Many banks do, but there's no hard rule of the sort you're implying. > The gift cards trick has been tapped and closed, the credit companies figured it out decades ago. What do you mean? Buying gift cards using credit cards is absolutely possible.
herpderperator 4mo ago
This is not gambling in the legal sense (gambling is not even allowed in my state, and yet here I am using Kalshi, in case you wanted to argue that), which is why my transaction was classified as Professional Services and, for the nth time, NOT a cash advance.