Crystal betting feature for GA

Let's stay on topic. The addition of betting to GA.

If you want to discuss the exciting world of tax law and its implications on the ever growing global ecommerce market, that can be done somewhere else.

"Kyno;c-1718702" wrote:
Let's stay on topic. The addition of betting to GA.

If you want to discuss the exciting world of tax law and its implications on the ever growing global ecommerce market, that can be done somewhere else.

you're no fun.

"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?

Gems are bought with real world currency, which has been debated for years, as to is it or is it not, taxable. Now, if the current investigation by the GDPR rules loot boxes are gambling, online games will be really upset over lost revenue, and be looking for new ways to recoup it. But who knows.