LinkedIn Account Promoting Sale of Gambling Domains Illegal
The sale of gambling domain names is big business. Just don't do it on the popular business and social media platform LinkedIn.
Pierluigi Buccioli found out the hard way as someone incessantly kept reporting his account for doing so.
Buccioli was advised by the platform that his doing so violated the platform's policy. They reportedly told him his postings were illegal.
Here's how it all went down, according to Buccioli, who lists his occupation on the site as "collector".
"After someone repeateadly reported my "domain for sale" posts for breaking Linkedin rules, Linkedin Trust & Safety Team took a view that being gambling a regulated activity, posts offering gambling domain names for sale are illegal. Linkedin then proceded to suspend my account, although not my premium subscription.
"To avoid keep paying $400 per year for a site I couldn't even access, I had to agree to stop promoting "illegal activities" and be given a second chance,
which I will now use to cancel my premium subscription and wind down my Linkedin account activity for good.
"Interestingly, posting about gambling domains for sale through Linkedin ads appears to be completely legal, suggesting that what makes an activity illegal is really whether Linkedin is profiting from it or not.
"In reality, domain for sale posts were automatically generated and posted across various sites using approved apps without any interaction on my part 99% of the time.
As a matter of fact I haven't been active on social media in the past 2 years.
"During this time, Gambling Invest sold over 500 domains. Our average sale price in 2023 was $10.5k. Not a single sale was the result of a Linkedin post.
"Truth is that no one needs to post on Linkedin or any other social media site to run a premium domain business. It is and always was about educating the market and to satisfy our ego.
"In case Linkedin T&ST decides to close my account for good and you want to buy or sell gambling domains, you know where to find me."
And just how much can one fetch for a hot gambling domain you might be asking yourself?
In 2019, the BettingOdds.com domain sold for £390000.
In 2010, Slots.com sold for $5.5 million.
Casino.com sold for $5 million.
The sale of LasVegas.com is still pending as it was commenced in 2005 under an installment agreement for $90 million.
- Gilbert Horowitz, Gambling911.com
