Cryptocurrency Q&A
Why is taking a rake illegal?
Why is taking a rake illegal?
Dreamchaser
Sat Nov 09 2024
|
7 answers
1936
I heard that taking a rake is considered illegal, but I don't understand why. Could someone explain the reason behind this? I'm just curious to know the background and the legality of this matter.
7 answers
Claudio
Sun Nov 10 2024
This often stems from a lack of proper licensing or adherence to regulatory standards.
Was this helpful?
290
72
EchoChaser
Sun Nov 10 2024
Rake represents a commission fee imposed by casinos and poker rooms on participants engaging in their games.
Was this helpful?
394
21
CryptoWizardry
Sun Nov 10 2024
Similarly, live poker games are not immune to problems associated with illegal rake.
Was this helpful?
148
90
Martina
Sun Nov 10 2024
Such issues frequently arise due to unfair practices or disregard for legal requirements.
Was this helpful?
183
60
CherryBlossomDance
Sun Nov 10 2024
The legitimacy of rake varies based on the licensing regulations and necessary permits within each respective jurisdiction.
Was this helpful?
280
92
Load 5 more related questions
