Excuse my ignorance if otherwise obvious—but how does legalized but untaxed gamb... | Hacker News

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		nickburns 56 days ago \| parent \| context \| favorite \| on: Polymarket gamblers threaten to kill me over Iran ... Excuse my ignorance if otherwise obvious—but how does legalized but untaxed gambling raise any public revenue? Bookie licensing?

scoofy 55 days ago [–]

Why on earth would you think it's untaxed? A legalized gambling business trivially creates taxable income.

nickburns 55 days ago | [–]

Ah, right. These legalized bookies should be paying income tax to the jurisidictions they operate in (albeit probably happening as reliably as winning bettors are on their winnings).

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