I can’t see taxation being a huge risk because losers would be able to deduct gambling losses from their income tax return as in the States.ShaunWhite wrote: ↑Fri Jul 15, 2022 12:17 pmYes and no, the assumption that everyone loses bugs me but if they understood its just a regular job for some then there's the risk of taxation..... And clearly it should be taxed, some people have been making 6 figures for over a decade and not paying tax while their cleaner does is silly. If you want to make a living under the radar it will always be precarious.
The exchange ecosystem needs losers to fund the winners and prevent HMRC sniffing round IMHO.