/biz/ - Business & Finance

I just thought of another use for this coin: Money laundering...I play texas hold'em for a living as well as day trade.so gambling is essentially my job which is why this token had a particular spark in my eye.

Let me fill you in on texas hold'em ecosystems however. Especially in urban areas. There are plenty of just run of the mill bad fish but there also many drug dealers, who use live casino texas holdem to launder their money and file taxes to keep the IRS off their back. Gambling avenues are the defacto gold standard of laundering as far as getting caught but it also comes at the most expensive tumbling price.

Anyway lets use baltimore Maryland Live for example where I've met several "regulars" who are well established drug dealers in the region. I inquired to one of them who is quite friendly with me as to how much he expects to lose on laundering 100k with Live texas hold'em. And his expectation was around 15k but it could be higher and he could be lying. However most pros do have around a 15% edge on "fish" after the casino rake is factored in so this story checks out.

I digress: Now, if gambling tokens go mainstream and online gamblers start using them En-mass because of the guaranteed verifying-able odds it would be viable to say you are gambling in these avenues and launder money at a much cheaper price, possibly even profiting. However I doubt that some of these dealers would be able to convert cash to crypto in large amounts without drawing attention so I do not know if this would have the same success rates in averting authority as the live casino method these dealers are using now. Cash to chips is alot easier then cash to crypto... I must say.