Run a Daily Fantasy Sports Site in States Where it is Illegal: Tax Free to Boot
Gambling911.com would never encourage its readers to engage in illegal acts such as circumventing local state laws or avoid paying taxes. But what if we told you there is indeed a way to operate a Daily Fantasy Sports website in one of a handful of states where the activity is not permitted, all while paying zero money in taxes?
Come on down to the first ever Daily Fantasy Sports Expo in Miami Beach and we’ll show you how.
Just do a reverse merger…..but not just any reverse merger.
John Cataldi is founding co-partner of Native American Venture Fund. Partnering with Cataldi’s firm you will take part in a reverse merger with a Native American firm, thus abiding by Sovereign law. As part of a Native American entity, you are no longer required to pay taxes and you can operate in states where fantasy contests exist in a sort of grey area of the law.
Mr. Cataldi, a Georgia resident, was confirmed this week to speak at the upcoming August 6-7 conference. His session is entitled “DFS Benefits Operating in Sovereign Indian Nations: No Taxes and No Restrictions”.
The Native American Venture Fund (NAVF) bills itself as a socially responsible fund that is rewarding investors with an anticipated double digit earnings, while creating social good in providing the Native American communities with job creation, infrastructure, housing, education and an overall sustainable economy.
- Aaron Goldstein, Gambling911.com
