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Ok i realize some of my ideas are far fetched, but that doesn’t mean they won’t work, the point is to get around a legal document
So how about something like this
Eliminate the concept of playing for real money entirely and put in place a system of “gambling money”, which would be similar to monopoly money
It has no value of its own outside the gambling world
Something along the lines of Neteller, where you have a 3rd party processor that accepts credit cards, bank deposits, etc, but you buy “gambling money” which is not real money technically
So you deposit $500 to “gamblingmoney.com”(we’ll call them that for now), and you can then buy gambling credits at various casinos with it
Example
I have $500 gambling money bucks in my account at gamblingmoney.com, i decide to transfer $50 gambling money bucks to Inter Casino and play, and so on
Then when i cash in my gambling money winnings, they go back to my gambling money account where they can be converted back to real cash and withdrawn
It’s just an idea for a way to create a technicality to exploit a legal loophole
P.S.
I have no affiliation with gamblingmoney.com, it looks like a parked page that might be for sale
Also i should add, this idea is not quite unique, although i did come up with it for this purpose, there are several businesses that use their own currency which is not considered legal tender but holds cash value at places where it is accepted, and it seems to work well for them, Canadian Tire comes to mind, a place that became huge using this concept
This is not far fetched … it is actually an old idea that has
been used very successfully by small land based illegal
operations … I personally would not want to be a part
of anything illegal.
:lookaroun
All these methods will constitute money laundering.
Goldfinger wrote:All these methods will constitute money laundering.Yup
But technically speaking, you are not breaking the law, since it is not against the law in your jurisdiction
Like your 3rd party credit card processor is some guy living on a tropical island licensed by some pro gambling mafioso government, this is where you locate yourself
The point is that both the players and casinos are not dealing with real money, they are using your “pretend” currency, therefore they can’t be prosecuted for breaking a law, only the gamblingmoney.com can be prosecuted, but they are out of reach, if you follow me
Interesting article on MSNBC
SuperiorShare wrote:Interesting article on MSNBChttp://www.msnbc.msn.com/id/15240569/
That was a good read through, you’re putting in quite the effort here Mr Superior
So let me use you as an example of how this might work
I create gamblingmoney.com, get an existing affiliate manager, the apcw guys, and another respected member of the industry, we want to be reputable and trusted by all obviously
We then set up our 3 way
Player deposits $100 real money with us, buys $100 gamblingmoney, transfers $100 gamblingmoney to superior poker and plays
At the end of the day, player withdraws $50 gamblingmoney from superior poker back to his gamblingmoney account, converts it back to real money and cashes out
You get your money the same way basically, but on a monthly basis, similar to an affiliate program
Technically in this scenario, neither you or the player are breaking the law, you are not accepting real money, and the player is not playing with real money
I know it’s a bit complicated, but it could work
