Interesting discussion subject for me as a Canadian. I am also worried about the fact that affiliate gambling is in the gray area of the law. Still, I think that Canadian authorities need more clearly stated regulation specifically on the topic of online gambling before they will start taking measures against us.
I thought about another thing. How do you guys claim your gambling affiliate earnings in your income tax documents? Especially if it is not just a side business but the main source of your income? I suppose one can mask it as “information providing services” or “advertising”. What would happen in case of an audit? I will be claiming my affiliate income as a registered corporation earnings. I know that corporate entities are subject of more thoroughful scrutiny and more often audit inspections in Canada. That is a matter of concern for me.