Because Korea's online betting market is always prone to scams, there was a time when codes from major sites were purchased at higher prices, but now, renowned overseas Toto sites, including WEGO88, have launched Korean services by supporting won deposits and withdrawals. As a result, the risk of scams that had been bothering us has disappeared.
However, human greed is endless, and once one thing is resolved, another thing comes into view. That's right. Many bettors are paying attention to whether overseas Toto sites that support won deposits are illegal or legal.
In this guide, we will discuss in more depth whether overseas Toto sites that support Korean services are illegal or legal.
List of overseas Toto sites that support won and bitcoin deposits and withdrawals
Is using an overseas Toto site that supports account transfer illegal or legal?
Unfortunately, of course it is illegal. This is because the accounts supported by these overseas Toto sites are themselves cannon accounts.
In fact, we have seen the account information they support change frequently, so we probably knew in our heads that it was illegal.
However, since they are a transparent betting company in foreign countries with a license, I had high expectations.
If you are caught using an overseas betting site, will the punishment be weaker than that of a private Toto site?
First of all, overseas betting sites are protected by licensed authorities and operated in accordance with local laws, so the risk is 200% lower than private sites because the sites are unlikely to be detected.
However, there is a possibility that individual users using overseas betting sites may be caught in the process of cashing out their profits. For example, if you have been making deposits and withdrawals through domestic bank account transfer, a bank account blackmailer may come in and your bank account will be tied up, and the police may begin an investigation and receive a summons.
Moving on to the main point, even if you are caught by the police while using an overseas betting site, the punishment is likely to be weaker than that of private Toto. However, depending on which deposit/withdrawal method was used at the time of play, you may be found not guilty, or you may be subject to the same punishment as private Toto.
If you made a deposit or withdrawal at a domestic bank (cannon account), you are likely to be subject to the same punishment, and if you use Bitcoin or other virtual currencies, there is a possibility that you will be acquitted. First, let's talk about virtual currency below.
Even from the police perspective, there is a big difference between legal and illegal boundaries.
If you are caught, it is natural to refuse the summons as much as possible, but if you go to the police station just to get hit first, there is a big difference in the police interview depending on whether the site in question is an overseas Toto site or a private Toto site.
Police are human too, and online bettors are common criminals, so if they have an excuse, they can get away with it. In the case of overseas countries, the excuse is that they used it knowing that it was completely legal.
For example, contracts worth tens of billions of billions of dollars are signed annually with famous clubs here and there, and even in Naver articles such as ‘What is the dividend forecast for overseas betting sites in Korea vs. Germany?’, ‘Overseas betting company 1XBET… ‘As you can easily find the same content, because it is closely related to our daily lives, there are police officers who will look after you if you say you really didn’t know or thought it was legal.
However, if you used an editorial, such an excuse is impossible. From the site name to Yanolja Playground, there is no license, let alone partnership with the club.
Since the entire nation has long been aware that private Toto is illegal, there is no excuse. All I can do is pray and say, “I lost a lot of money on top of that, and my life is so poor that I don’t have money to pay the fine. Please look at it.”
Why is there a chance of being found not guilty when using an overseas Toto site with virtual currency?
As I said earlier that it is very important whether the border is legal or illegal, paying with virtual currency on a private Toto site operated only for Koreans by a Korean owner is subject to clear punishment that cannot be simply stolen.
However, if the border is legal and you used it by depositing it to the site's virtual currency deposit address rather than using a won deposit/withdrawal (cannon account), the story may be different.
Although it is not currently hot on the Internet, there is a topic that is a hot topic among bettors, and that is ‘Is it legal or illegal to use virtual currency at overseas online casinos?’
The opinions of those who claim that it is legal are that although there is currently a law on away gambling, there is no law on punishing overseas online casinos, and in the case of virtual currency, it is an international payment platform outside the system, and unlike the won issued by the Bank of Korea, virtual currency is Since the government has no ownership, there is no logic in punishing it.
Therefore, they claim that using overseas Toto sites with virtual currency is in a gray zone of the law, but what is certain is that betting with virtual currency has excellent security, so there have been no cases of punishment yet, giving strength to their argument. .
Conclusion: Nothing has been verified yet, but…
Recently, as youth gambling problems have emerged, the level of crackdown and punishment for online betting is increasing. However, I am also a person who likes online betting, and I am someone who enjoys it even if it takes risks into account.
In that case, I think it is right to use an overseas Toto site that is at least legal. If a problem arises in the future, there is at least some loophole to avoid punishment. Above all, it is safe from scams.
Of course, the best way is to give up your greed and enjoy legal Toto. Additionally, it is illegal for young people to use overseas betting sites, regardless of whether they are legal or illegal.
