The core question here ends up being 'how many hops' in two senses: how many hops will users tolerate & how many hops make it legal? Make A >= B and you have yourself an arb.
This isn't the only new area of law where levels of indirection matter; it's true with anonymization in online privacy as well.
http://www.pbs.org/newshour/updates/bitcoin-gambling-sites-f...
The core question here ends up being 'how many hops' in two senses: how many hops will users tolerate & how many hops make it legal? Make A >= B and you have yourself an arb.
This isn't the only new area of law where levels of indirection matter; it's true with anonymization in online privacy as well.