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Title: Legal loophole of gambling: Bitcoin VLT? Post by: CanadianGuy on April 16, 2013, 02:16:26 AM Well what if I were to set up a machine that was connected wirelessly to my own online bitcoin casino? I could say the bitcoin casino is hosted in the Carribean. And so my profit is from this VLT would be considered profit that I'm making in another country. If this there is a flaw in this, can somebody come up with some alternatives? It's interesting to think about..
Title: Re: Legal loophole of gambling: Bitcoin VLT? Post by: mhill12 on April 16, 2013, 02:23:20 AM The current loophole in the US online gaming laws is that "bitcoin is not real money," and therefore sites like SealswithClubs and other online gambling sites are not being targeted right now because of their American users.
As for an in-person setup, perhaps you could treat is as an arcade instead of a casino? That is what Japan does with its Pachinco parlors nowadays. Title: Re: Legal loophole of gambling: Bitcoin VLT? Post by: Gator-hex on April 16, 2013, 02:49:27 AM Poker chips are not real money either, but that didn't stop them arresting foreign CEOs who few into the country.
Antigua recently won a case against the USA for protecting it's markets unfairly and the WTO said they could pirate music/videos/patents legally as compensation. :D http://www.usitc.gov/publications/332/journals/online_gambling_dispute.pdf Title: Re: Legal loophole of gambling: Bitcoin VLT? Post by: kmksmkn on April 16, 2013, 04:58:34 AM peer to peer transfers and what not are legal is another reason why seal and clubs can get away with it
Title: Re: Legal loophole of gambling: Bitcoin VLT? Post by: bitcoinscanada on April 17, 2013, 06:54:58 PM Interesting thoughts :)
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