Archive for the ‘Other - Business & Finance’ Category

How does online gambling send payments, without being traced and shut down?

online gambling
x_ped asked:


There are many online gambling sites that you put your credit card info into, and than it gets charged. from what i understand, this is illegal, and the people who runs these comapnies live in venezuela or something where its legal. Question is, how are these electronic transfers allowed, and why arent they stopped? obviosuly they can be traced…

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Does Citibank ban online gambling transactions in UK?

online gambling
Vern asked:


Hello, I wonder whether anyone can confirm that Citibank do NOT allow online gambling transcations on their cards (in the UK) please? When I phoned them, the staff didn’t seem to know. I am looking for a card that does NOT allow online gambling transcations (as you might guess, to take temptation out of my own reach!). Thanks in advance.

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Should money earned from online gambling be reported to the IRS?

online gambling
RockStar asked:


Online gambling was made illegal in the US a couple of years back but there are a few (mostly Canadian) sites that still accept US players. Even though it is illegal in the US to gamble online, should an individual include those profits on their federal tax return?
I guess my question is: If one reports the income then that individual admits to ‘breaking the law’ but if they don’t then they are breaking the law by withholding taxable income from their tax return.

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