It's a dietary choice. Vegetarians aren't necessarily good people.

Why is that ironic?

Let's just build a cart rack and see what happens.

Think you should have done Inheritance at the same level as gross salary, instead of a little nub on its own, so then it becomes a clear Money In -> Money Out flow.

>For each withdrawal, a flat fee is paid by users to cover the transaction costs of moving the cryptocurrency out of their Binance account.

It says a flat fee not a percentage. If you look at another chain ADA, for example, the fee is 0.8. I seriously doubt Binance is charging 80% of the value to make and ADA transaction. No one would use Binance if that was the case.

I use coinbase and that only charges the network transactions fee. They also wrap multiple outputs into a single transaction so if you're sending from coinbase you're splitting the network fee with many other senders.

What are you looking at? I don't use Binance but it looks like they charge a flat withdrawal fee of 0.0002 BTC ~ $3.33 for BTC withdrawals (sending on the bitcoin network).

https://www.binance.com/en/fee/cryptoFee

A couple bucks

I'm clearly admitting to avoiding state gambling regulations. That doesn't make it money laundering. At no point is the source of money hidden.

If I ever actually won enough to report it in my taxes - I would report it in my taxes just like if I had gone to vegas and won. If I really win big and bring home $10k+ my bank will report the deposit anyway.

Money laundering is specifically trying to obfuscate the source of money. So not at all the scenario here.

According to state law it's illegal to operate games of chance in my state, so I'm placing bets outside of my state.

How is using a sportsbook that happens to be in another country anything like money laundering?

There also aren't US based online sportsbooks available in my state and there certainly weren't 10 years ago when I first started betting with this sportsbook.

>I'd argue this would be cheaper than paying gas fees and it only takes 1 day to transfer fiat currencies.

Have you ever sent a bank wire? They take a day to several days to clear. International takes longer.

Offshore sportsbook and remittances?

The value add (for me at least) with my sportsbook was that it's cheaper than other options (credit card has a 9.75% fee, echeck has a 4.5% fee) and faster than the only other free option for payouts - waiting for a check. Bitcoin has no fee other than a network transaction fee and goes through in 10 - 30 minutes.

For remittances - It's faster and cheaper than maybe a traditional service like Western Union, but definitely not some of the newer services, like the one I linked.

I've used bitcoin to transfer to/receive payouts from my offshore sportsbook. Other options were more expensive or slower (like waiting for them to mail me a check).

Basically it works as a way to transfer value electronically where there aren't established frameworks or middle-men. Though as online services continue to mature - those edge cases where crypto makes sense will be fewer and fewer.

Remittances are often touted as a use case for crypto as sending cash across borders and different financial systems (especially when one of those happens to be in the third world) is not straightforward. Traditional options, like western union are slow and expensive. However centralized services are also trying to make that remittances faster and cheaper and it's hard to imagine most people aren't going to prefer a service with a support number you can call over a system where you're basically on your own when significant amounts of money are involved.

Free money 😎

So I should bet on green?

This is why I always bet on black.