To be fair projecting that US law applies everywhere is dumb as shit.
Fuck US law and the feds, incorporate and host offshore and that stupid howey test means fuck all. Incorporate and register in seychelles or some other lawless shithole and good god damn luck getting any sort of subpoena or government over-reach shit pushed through.
Also the comments section of this post is fucking LOL. Anyone in crypto whose gonna go off about unregistered securities is in the wrong fucking hood, most of us are in crypto to skirt federal over regulation and oversight... Should go without saying.. But Snitches get stitches where I'm from. :D
good laugh this shitpost and comments though.. Poker is a game-of-chance / gambling based form of entertainment. Doesn't matter if you're betting millions or fucking chips worth zero, you're wagering against the table and that by definition is "gambling".
Wager infers gambling. Anyone who says otherwise either doesn't have a strong understanding of english or is functionally retarded and / or splitting hairs.
RE: TIL - To Some : Playing Poker = Gambling ... Even When No Money Is Risked