Columnist: Betting On U.S. Elections With Bitcoin Is Doable And Not Really Gambling

Columnist: Betting On U.S. Elections With Bitcoin Is Doable And Not Really Gambling

Betting on U.S. elections is illegal. But according to Brett Arends, a columnist for MarkeWatch, there isn’t much the government can do to stop you from betting with bitcoins. For one thing, bets can be made anonymously on offshore gambling sites. For another, bitcoins are considered property by the Internal Revenue Service, so gambling with bitcoins is like gambling with jelly beans. Arends described how he recently bet on presidential candidate Rand Paul in Monday’s Iowa caucuses. Last week, he placed a bet using bitcoins in downtown Boston’s Chinatown. He bought a bitcoin voucher from....


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