Is it legal in your country to play chess for $ or place bets?
Is it legal in your court to play chess for $ or place bets?
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As long as you pay taxes, you'll be fine.
Pulpofeira wrote:
As long as you pay taxes, you'll be fine.
Can you elaborate
ESP
from a legal point of view
In the US, Chess gaming is Not an easy legal matter At all- and there are laws in Most places in America that prevent betting, with a few exceptions.
In fact, these laws HAVE been used before to stop chess tournaments, strait up- but I think in most places no judge is going to take action against a legitimate USCF sanctioned event-- the USCF has made it clear that it will defend tournament chess as NOT a game of chance....
But I think, what you Really need to appreciate about America is that How widespread illegal activity Really is. take Drinking by kids. that Happens ALL the time! I don't want to take this to a political place
but as an nation we're horribly hypocritical. Washington Park NYC just Might be one of the great tourist destinations of our biggest city OR it could be shut down by a political rants (from a local politician) against petty gambling.
but betting on the Superbowl- just as illegal mind you- could Never be stopped as literally millions of Americans do it every year.
so in the End; who the heck cares of what is Legal?
my Limited experience is that there must NOT be many places where you can play a chess hustler in a major American city. I haven't been to NYC but I've been to a few other ones and I didn't see any. Outside of the biggest of cities- someone setting up such a table would be laughable; Americans as a whole have only vague experience with chess and don't love the game. I wonder if chess gambling is common in Russia- I've heard it said that it is. but is this Only in Moscow or could you go to many russian cities and find yourself betting a few roubbles in a bar?
you can place a private bet. it is not illegal at all.
you can place a private bet. it is not illegal at all.
you can place a private bet. it is not illegal at all.
you can place a private bet. it is not illegal at all.
Gabriel451 wrote:
you can place a private bet. it is not illegal at all.
This.
Gambling is illegal in USA, and the IRS demands that you pay income taxes on these winnings.
Of course, everything is legal if the government get a slice of the action.
jonesmikechess wrote:
Gambling is illegal in USA, and the IRS demands that you pay income taxes on these winnings.
Of course, everything is legal if the government get a slice of the action.
Sorry, your statement makes no sense.
Gambling is illegal, and the IRS demands that you pay income tax on these winnings.
It cannot be illegal AND be taxable at the same time.
Now, to say that it is illegal unless the government is involved and makes money then I would agree.
Gambling is legal in certain instances in America. It is illegal in other instances.
States also have varying laws for gambling.
I cannot find a source that says a private bet is illegal in any state or in federal gambling rules. However, they are so convoluted it may be easy to overlook. It is said that the laws and regulations in the US are so numerous and complicated that the average person commits 3 - 4 felonious crimes a day.
It's not illegal. My state only says you report 10,000 or more.
May 22, 2017
0
#14
Rsava wrote:
jonesmikechess wrote:
Gambling is illegal in USA, and the IRS demands that you pay income taxes on these winnings.
Of course, everything is legal if the government get a slice of the action.
Sorry, your statement makes no sense.
Gambling is illegal, and the IRS demands that you pay income tax on these winnings.
It cannot be illegal AND be taxable at the same time.
Now, to say that it is illegal unless the government is involved and makes money then I would agree.
Gambling is legal in certain instances in America. It is illegal in other instances.
States also have varying laws for gambling.
I cannot find a source that says a private bet is illegal in any state or in federal gambling rules. However, they are so convoluted it may be easy to overlook. It is said that the laws and regulations in the US are so numerous and complicated that the average person commits 3 - 4 felonious crimes a day.
All income is taxable, including the income from illegal activities. Failure to report such income can result in fines, and maybe jail time (would have to look up pertinent statutes), if you are audited.
Gambling is illegal in the US? Have you ever heard of Las Vegas? Atlantic City?
Martin is right about illegal activities being taxable. They eventually nailed Al Capone for not paying taxes on his ill-gotten gains.
logozar wrote:
Just google this:
usa gambling laws
And yet states have gone after things like sports betting, fantasy leagues, etc. So yeah, it's legal. Sure.
It can not be capital for a corporation or business. It can't be open to the public to place bets. Privately you can make bets. If your profits exceed state limits you claim that. You can also claim losses to cut down on winning tax in my state.
I know in America, NY, Washington people often place bets and playing for money. I don't know if it's legal or not, but as far as I know no one got arrested or or sentenced to jail, etc..
What about your country or a city ? Say if you offer someone to play chess , on the streets, in cafes, how would people react, when they hear about $ part? Would they get scared, afraid to break the law, maybe get arrested or is it normal ?