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States That Allow Online Gambling ... However, the IRS says that general tax rules that apply to property transactions also apply to virtual currency transactions as crypto like Bitcoin is seen as property. Lots of online banking options come with annoying fees attached. Some people just want the best odds, others need a specific payment method like PayPal while some may just be looking for a betting site that is easy to use. New games are being developed at a fast rate due to industry growth.
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