Hi I won 7 figures on soccer betting over the last few months and withdrew the crypto to my cold wallet, how can I sell this crypto and avoid paying taxes?
This fella isn't back to answer the questions that people need to give the best answers, like Where are you from OP? This is very important to know because you can be from a country that doesn't care about paying taxes on gambling, there aren't many countries that ask gamblers to pay taxes.
We don't pay taxes when we gamble in my country, but some other countries closest to our border do pay taxes, even on items they purchased online, but not here in my country.
So if you want the best guidelines you should reveal your country name, it is really a shame that the government want some cut from gamblers risked and win money, what will they do for gamblers when they lose money? I guess nothing, and this makes it so unfair.
I think taxes in gambling are already shouldered by the betting platform and gamblers are automatically charged by it but that is if they are registered under the government. The OP's concern is about crypto taxes but you are right that it was country-dependent. If you buy online, a store can also auto-charged you by a tax because they can be from a country where taxes are strictly required.
I am not sure if it's called greediness on why some governments are like that but maybe their country is also poor and they use the tax to improved it? So we must be mature enough to accept it especially if we are winning huge. It's only odd if even if we lose we are still get taxed.