Crystal betting feature for GA

"JacenRoe;c-1718603" wrote:
Pointless discussion. This will never happen. It's illegal to gamble in games that kids can play. Loot boxes are already squeaking by that rule on a technicality (it is gambling according to my opinion), and that loophole may not stay open forever. If EA wants the hammer of regulation brought down on its head then this would be a good way to make it happen.

Only Sith deal in Absolutes!!

"JacenRoe;c-1718603" wrote:
Pointless discussion. This will never happen. It's illegal to gamble in games that kids can play. Loot boxes are already squeaking by that rule on a technicality (it is gambling according to my opinion), and that loophole may not stay open forever. If EA wants the hammer of regulation brought down on its head then this would be a good way to make it happen.

This.

Not to mention the rage quitting that would ensue.

I want this feature!! Also i just noticed.. Why the fuck are the crystals not green kyber crystals? Missing an opportunity people lol

"Kyno;c-1718607" wrote:

"JacenRoe;c-1718603" wrote:
Pointless discussion. This will never happen. It's illegal to gamble in games that kids can play. Loot boxes are already squeaking by that rule on a technicality (it is gambling according to my opinion), and that loophole may not stay open forever. If EA wants the hammer of regulation brought down on its head then this would be a good way to make it happen.

This.

Not to mention the rage quitting that would ensue.

There's tons of people I'd love to make rage quit.

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

"DuneSeaFarmer;c-1718634" wrote:

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

1. Gambling earnings (and losses) *are regular income, not capital gains.
2. If you were taxed on your crystal income (you’re not), you’d be taxed on crystals whatever the source, not just those earned through gambling.

*brainfart

"DuneSeaFarmer;c-1718634" wrote:

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

Lieeeessssssssss

"FalenXLacer;c-1718639" wrote:

"DuneSeaFarmer;c-1718634" wrote:

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

1. Gambling earnings (and losses) *are regular income, not capital gains.
2. If you were taxed on your crystal income (you’re not), you’d be taxed on crystals whatever the source, not just those earned through gambling.

*brainfart

Yeah that. GDPR is heating up on much of this.

"DuneSeaFarmer;c-1718634" wrote:

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

how can you have capital gains on a fake currency? Lots of games have wagering included in them. remember there are lots of sources to earn crystals without buying them. so if you wager an in game currency that you spent nothing on how can you possibly get to capital gains?

"yohann269;c-1718688" wrote:

"DuneSeaFarmer;c-1718634" wrote:

"capifico22;d-189843" wrote:
Once matchmaking is determined, you propose a bet to your opponent, say 1,000 crystals. Your opponent can accept, counter, or decline. It then gets taken out of your stockpiles and put in escrow at the time of the bet (so no welshing). Winner take all.

It would become a capital gain and thus taxable here in the US. Online games dance on the razors edge as is, with loot boxes being compared to gambling.

how can you have capital gains on a fake currency? Lots of games have wagering included in them. remember there are lots of sources to earn crystals without buying them. so if you wager an in game currency that you spent nothing on how can you possibly get to capital gains?

If you could sell the virtual currency for $ you would have a capital gain based on the increase in value and ordinary income based on your crystal income. Or if you could barter outside of the game with it for food or other items, you'd have to report it. The IRS is really cracking down on oeople not reporting bit coin transactions.

But while this is similar, without being able to use crystals outside the game, the case for it being taxable would be thin. Though with you being able to buy crystals, you could put a value on them and make the case that you receive an increase in value and the irs would consider that income. But the case for that is thin and probably wouldn't hold up in court.