Bitcoin Forum

Economy => Gambling discussion => Topic started by: dejames on February 23, 2017, 10:59:30 PM



Title: Are There Any Regulations for Bitcoin Casinos?
Post by: dejames on February 23, 2017, 10:59:30 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Silberman on February 23, 2017, 11:20:30 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
Some bitcoin casinos may have licenses from small countries and are subject to the laws and regulations of the country and the license they have,  but some don’t have license and there is no one regulating them.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Skarner21 on February 23, 2017, 11:38:14 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
Gambling bitcoin casino maybe not regulated in government they are no associated with government maybe they have license to start their own gambling business casino..
But some of them i think they are no legal papers to start a business gambling bitcoin casino..


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bbc.reporter on February 24, 2017, 01:41:32 AM
Bitcoin casinos do not have licenses in general. That is why it is very important for the owners to have a good reputation in the community. It is also very advisable to avoid new casino services at first until they are proven to be worthy of the community's trust. But you are never to sure with bitcoin casinos. Some established brands also might exit scam. Some gamblers here think Jetwin might not come back anymore.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: erpbridge on February 24, 2017, 01:49:23 AM
It depends on what country the gambling website is registered in. Since a lot of sites are registered in South american countries, I am sure they do have to follow some regulations. Which is also why some of the websites require proper verifications.
Do note that a lot of non-bitcoin casinos are also bitcoin-offering casinos and hence are regulated.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Vaskiy on February 24, 2017, 01:52:55 AM
Gambling with cash needs some regulatory acts based on the government to gain reputation from its users. With bitcoin I don't think government regulation is a must. Because even in countries where gambling is banned has got online casinos that function along with bitcoin. Most of the casino websites with bitcoin acceptance is trusty. One amongst for better fun, as well earning is our betcoin.ag


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: ajaxmoor on February 24, 2017, 01:57:57 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

Ofcourse there are regulations that need to be followed. So the answer to your question is Yes. But do the gambling websites do it ? - No.

For example, Primedice stopped offering its services to US members because they cannot satisfy these regulations. Gambling sites are unregulated and their developers can land into legal trouble over time if the government was to enforce these more strictly.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: freedomgo on February 24, 2017, 02:01:08 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
Right now I don't see there's any because as what I have seen, there are a lot of casinos that are operating now and they can easily do it as long as they have a capital. If they are regulated by the government, then for sure we are all required to give our personal information before we can start gambling which is not the case now.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: michkima on February 24, 2017, 02:34:00 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

If the casino are registered then there could be precautions and regulations the casinos should be watching over. Like anti-money laundering and know-your-customers policies in place in most countries where gambling and casinos are allowed. But looking at the current casinos we see here, they don't even declare if they are registered.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: game-protect on February 24, 2017, 03:15:04 AM
In most jurisdictions are regulations about Bitcoin casinos, because of wager valuable things. But there are probably a few countries without any regulations in regards to this.

I doubt that there is an overview available, because this overview would be very time consuming and expensive, as it would require to check the laws in all countries with different languages.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: RoommateAgreement on February 24, 2017, 04:26:45 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

for bitcoin casinos no, i have never seen any regulations to this day. and i have never heard of anyone wanting regulations on the bitcoin casinos.
because regulations come at a cost. your anonimity will be lost and you will have to register properly with all your personal information, then you will have to possibly pay taxes on the money you are using in these casinos based on where you live. and lots of other stuff.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: dejames on February 24, 2017, 04:30:19 AM

Do note that a lot of non-bitcoin casinos are also bitcoin-offering casinos and hence are regulated.

Which casinos are these? Care to share a list of them? Thanks


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Oilacris on February 24, 2017, 05:13:47 AM
Thinking off about bitcoin is anonymous I think not all bitcoin casino sites are regulated by the government if if do have then it depends on which country you do live or operate. I don't have idea since Im not knowledgeable to make a new site (hope my assumptions are true :) )


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: novemberwoah on February 24, 2017, 05:30:38 AM
I think regulation of each country is different about bitcoin casino. If we use an online casino with real money deposit, and there are some regulation from the government because they have a license and have become legal, so this online casino adhere to government regulations. But it seems that not all online casinos with real money deposit have a license from the government. So I think this flexible because each country has different regulations with gambling, so we have to look at the regulations of each country to know this.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Loepuenkyou on February 24, 2017, 05:38:28 AM
if you need bitcoin casino ready regulation you must verified ID in register
all user bitcoin casino site is need anonymous, so majority bitcoin casino site not regulation
if you need casino in regulation you can playing in williamhill or bwin


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: ralle14 on February 24, 2017, 06:46:09 AM
if you need bitcoin casino ready regulation you must verified ID in register
all user bitcoin casino site is need anonymous, so majority bitcoin casino site not regulation
On most bitcoin casinos they don't ask for id when you register instead they do a kyc when a user withdraw a huge amount or reach a certain limit.

if you need casino in regulation you can playing in williamhill or bwin
These sportsbook you mentioned doesn't even accept bitcoin.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: eternalgloom on February 24, 2017, 08:35:34 AM
Are there any countries at all that see Bitcoin as an actual currency?
If so, it would probably be regulated there, or not?

I'd say most Bitcoin casino's are in a gray zone.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: BlockEye on February 24, 2017, 10:26:37 AM
Are there any countries at all that see Bitcoin as an actual currency?
If so, it would probably be regulated there, or not?

I'd say most Bitcoin casino's are in a gray zone.


I agree with you, the majority of online casino (considering bitcoin casino is the one that OP is pointing out on this thread) are not legally acceptes by the government. Due to bitcoins anonymity feature. Bitcoin casino are freely operating wiyhout the concern of government. So it means there is no current regulation about it. But soon it will have once all country accepts bitcoin legality


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: yugo23 on February 24, 2017, 10:48:39 AM
Regulation... Bitcoin...
I repeat: regulation and bitcoin

The only answer that can come out after that is "no" ^^
You can locate your online casino in Panama and you won't have anything that is closed to any kind of regulation!


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: justdimin on February 24, 2017, 11:22:43 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
Yes, payment things make necessaries for regulations.
When you are sticking within bitcoin or cryptocurrency payments with your gamblers then there would be no requirement of regulations as you never need any approval from any government.

Regulations for a casino business is mostly country specific at the same time online casino does not require these when not dealing fiats. If I plan for a casino I will not deal with fiats and physical casinos so I believe I never need to worry about regulations.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: maydna on February 24, 2017, 11:30:02 AM
i think there are no regulations for bitcoin casinos as we know that bitcoin is not already accepted by many country so i think the government is not take attention for this. so if someone create bitcoin casino, i think he can run his casinos without having a license but if the government makes a rule that every bitcoin casino owner must have a license then i think the owner will follow their procedure, but so far, i think there is no regulations for bitcoin casinos.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: avatar_kiyoshi on February 24, 2017, 11:35:49 AM
Regulations for bitcoin casino is rarely because I think it's not mandatory, unless you live in the country which need have a regulations for your business(in this case bitcoin casino), for example spain.
I found an interesting article about regulations for bitcoin casino: https://www.bitcoingg.com/do-bitcoin-casinos-benefit-from-gambling-licenses/

*snip*

You can locate your online casino in Panama and you won't have anything that is closed to any kind of regulation!

That's right. Mostly bitcoin casino located in panama.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: FlightyPouch on February 24, 2017, 02:06:48 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

There are countries that have regulations about gambling sites or casinos, some countries are looking for licenses, maybe deduct some taxes from it.
But mostly I think many gambling sites or casinos have regulations neither a license.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bitcoinmasterlord on February 24, 2017, 02:21:35 PM
Regulations for bitcoin casino is rarely because I think it's not mandatory, unless you live in the country which need have a regulations for your business(in this case bitcoin casino), for example spain.
I found an interesting article about regulations for bitcoin casino: https://www.bitcoingg.com/do-bitcoin-casinos-benefit-from-gambling-licenses/

*snip*

You can locate your online casino in Panama and you won't have anything that is closed to any kind of regulation!

That's right. Mostly bitcoin casino located in panama.
Yes the regulations and all depends on which country you are staying on that basis you have to pay tax to governament. In my country, if you want to run casino you have to pay tax for governament, and the tax should be very they will collect 50 - 60% tax amount from you. So we don't have many casinos in our country.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: xuan87 on February 24, 2017, 02:29:03 PM
some of the country has a strict regulation for gambling, but because the government hasn't made any declaration or regulation yet, i think there is still no regulation for bitcoin casino, but if you want to create a bitcoin casino, i will suggest you to create in the place that there is no strict regulation for creating a real casino


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: J Gambler on February 24, 2017, 03:24:20 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
First thing real casinos is assotiated with goverment where they getting tax from casino , even the govements are playing on casino some countries are ristricted where you can't even do business with gamblings if you really want a legal one then make sure that your regulation is good and if you do illegal one then pray that you will never be traced.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: adzino on February 24, 2017, 03:50:33 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
It actually varies from country to country as far as i know. Some countries have strict regulation on gambling casino and others do not care as long as they don't use fiat currency. You will notice most of the casino hosts their casinos/games from another country where regulation isn't very much strict.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: megynacuna on February 24, 2017, 04:04:46 PM
Restrictions for online Bitcoin casinos might be hard to implement as no singular country owns the Internet but physical casinos definitely have regulations within the country's they operate. Various nations may have sanctions against online Bitcoin casinos but their worst will be to block those websites and with the installation of (VPN) virtual private network I guess people can easily bypass those sanctions.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Silberman on February 24, 2017, 09:57:13 PM
Regulation... Bitcoin...
I repeat: regulation and bitcoin

The only answer that can come out after that is "no" ^^
You can locate your online casino in Panama and you won't have anything that is closed to any kind of regulation!
Casinos are not the same as bitcoin, bitcoin is decentralized so no one own bitcoin, but a casino is owned by a person or entity and it is subject to be prosecuted if they violate the law.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bbc.reporter on February 25, 2017, 12:56:29 AM
It depends on what country the gambling website is registered in. Since a lot of sites are registered in South american countries, I am sure they do have to follow some regulations. Which is also why some of the websites require proper verifications.
Do note that a lot of non-bitcoin casinos are also bitcoin-offering casinos and hence are regulated.

Do bitcoin casinos and sportsbooks need a license to start operating? I do not think they do. They can set up a site and start accepting bitcoins or any other cryptocoin. Nothing can stop them because of the peer to peer nature of cryptocurrencies. Because in regular online casinos what complicates the matter are the banks and payment processors. Bitcoin casinos do not have this problem.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: hatshepsut93 on February 25, 2017, 12:45:08 PM
Regulations are one of the reasons why legal casinos have much higher House Edge - 2,5-5% compared to 0,8-1,5% of Bitcoin casinos. Also, since Bitcoin casinos are provably fair, you don't need government regulations to guarantee that the game was fair. Of course there are other concerns, for example some Bitcoin casinos refused to pay promised jackpots or just big wins, sadly this can't be solved without regulation. Also the threat of exit scam is very real for any bitcoin business. So, sometimes regulations would be nice, but maybe there are some other ways to solve the problems, like escrows.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: iv4n on February 25, 2017, 01:05:54 PM
Regulations are one of the reasons why legal casinos have much higher House Edge - 2,5-5% compared to 0,8-1,5% of Bitcoin casinos. Also, since Bitcoin casinos are provably fair, you don't need government regulations to guarantee that the game was fair. Of course there are other concerns, for example some Bitcoin casinos refused to pay promised jackpots or just big wins, sadly this can't be solved without regulation. Also the threat of exit scam is very real for any bitcoin business. So, sometimes regulations would be nice, but maybe there are some other ways to solve the problems, like escrows.

Government regulations can't guarantee nothing, it just mean that casino is paying taxes, they can have rigged games anyway.
Provably fair is better guarantee then government in my humble opinion, at least I have more trust in bitcoin and provably fair then in any government.
If you think about betcoin it was problem with provider, I think government regulations doesn't have nothing with that, same would happen in regular casino.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bering on February 27, 2017, 06:32:02 AM
bitcoin even still not regulations by government yet and how government consider would regulated the casinos indeed regulations could make the consumers more secure to facing scam casinos and maybe in the future casinos regulations will necessary


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Finestream on February 27, 2017, 08:32:05 AM
bitcoin even still not regulations by government yet and how government consider would regulated the casinos indeed regulations could make the consumers more secure to facing scam casinos and maybe in the future casinos regulations will necessary
If the bitcoin casinos will be regulated, we will lost the interest to gamble anymore. There are plenty of gamblers where who prefer to bet on bitcoin casinos as there is no restriction being done here, they allowed us to use VPN to hide our real IP and bypass law restrictions.'
In addition, with the growing industry of bitcoin gambling, they can offer us different games and we can do it like 24/7.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: boyptc on February 27, 2017, 08:41:32 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

There are some countries that aren't having any interest with bitcoin casino's because they are treating it as a null type of business. In short, if a country is not valuing bitcoin, they really don't care with it's businesses such as casino's. But it will depend on where the bitcoin casino is operating, also there are some countries that will require permit to operate.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: NorrisK on February 27, 2017, 09:49:48 AM
There should be regulations for bitcoin casinos, however, the anonimty the internet and bitcoin provides makes it very difficult to enforce these regulations.

Also, as they are internet companies, they can basically register (if they are registered at all) in any country to avoid the ones with very strict regulations.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Silberman on February 27, 2017, 11:14:54 PM
Regulations are one of the reasons why legal casinos have much higher House Edge - 2,5-5% compared to 0,8-1,5% of Bitcoin casinos. Also, since Bitcoin casinos are provably fair, you don't need government regulations to guarantee that the game was fair. Of course there are other concerns, for example some Bitcoin casinos refused to pay promised jackpots or just big wins, sadly this can't be solved without regulation. Also the threat of exit scam is very real for any bitcoin business. So, sometimes regulations would be nice, but maybe there are some other ways to solve the problems, like escrows.

Government regulations can't guarantee nothing, it just mean that casino is paying taxes, they can have rigged games anyway.
Provably fair is better guarantee then government in my humble opinion, at least I have more trust in bitcoin and provably fair then in any government.
If you think about betcoin it was problem with provider, I think government regulations doesn't have nothing with that, same would happen in regular casino.
Yes governments regulations don’t mean a thing, getting certified by the governments only means they are paying their taxes and probably not much than that, some governments like the US government may take more actions to protect the players but you should not expect that in every country.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: blackhawkeye1912 on March 03, 2017, 02:12:22 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

In bitcoin casino in my side of opinion, since bitcoin is unregulated type, it means bitcoin casino online is not control by any of the government in each country.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: freedomgo on March 03, 2017, 03:50:35 AM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

In bitcoin casino in my side of opinion, since bitcoin is unregulated type, it means bitcoin casino online is not control by any of the government in each country.
Exactly that's why we can see there's plenty of online casinos who are operating now and they can do it easily. If you seek for the approval of the government, it will really take time and you have no assurance you will be approve. Since it's unregulated, it also gives us a good experience in gambling as they are not strict with the KYC thing.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: pinkpanther03 on March 04, 2017, 10:44:02 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?

as far as I know in any online site there is a regulations that need to be followed, in bitcoin casino I just didn't noticed if there is a regulation about in playing in the casino. Because most of the time when I sign up in the gambling site more on username and password only, maybe in land  based casino there is policies need to do.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: harizen on March 04, 2017, 10:50:59 PM

Exactly that's why we can see there's plenty of online casinos who are operating now and they can do it easily. If you seek for the approval of the government, it will really take time and you have no assurance you will be approve. Since it's unregulated, it also gives us a good experience in gambling as they are not strict with the KYC thing.

And because of that gambling is prohibited in some of the bitcoin exchanges. Being regulated is sometimes helpful to us.

Yes we are having a freedom doing gambling using our bitcoin but in case of a gambling site fraud, customers doesn't have a protection and saying goodbye to their coins without a trace is possible. So while we are risking money everytime we gambled, we are risking too our trust to a gambling site.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: deadpoolx on March 04, 2017, 10:59:36 PM
I think that in most countries this does not yet exist, but certainly some are already advanced in this regard. The fact that there is no regulation in some cases is what attracts many users, because it has potential to attract people who live in countries where gambling is prohibited.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Nekutasa on March 04, 2017, 11:12:16 PM
I mean i think there are but they are simple things such as age, etc


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Casino_Guide on April 06, 2018, 08:01:22 AM
Hey,
our experience after doing some research is that most bitcoin casinos have restrictions when it come to which customers they accept. Countries like US, France, Spain and Israel are popular to block. That doesn't mean that all bitcoin casinos are doing that however. Even if gambling is banned in both Spain and France there are about 40 BTC casinos operating in those countries. To  better understand what rules there are and perhaps more importantly which casinos are available in these countries, take a look here: https://casinobitcoins.io/bitcoin-casino-spain/ and https://casinobitcoins.io/bitcoin-casino-france/ so far we have listed the available casinos in 13 countries: US, UK, Canada, Australia, Japan, India, Germany, Italy, Spain, Russia, Turkey and France. I hope it will be helpful for you.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Juggy777 on April 06, 2018, 08:49:10 AM
Are there any regulations or oversight for bitcoin casinos?

I think you don't understand the difference between land based casino and bitcoins casino both are different. However if a casino wishes to be subjected to certain rules it can be and it'll always be displayed on their site.

One rule that I can tell you now is working on bitcoins casino is of KYC, if you win a very big amount you need to submit your documents I think that's the regulation you're referring to. However if you win small nothing happens no need to declare anywhere.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bitllionaire on April 13, 2018, 07:46:07 PM
Are there any regulations or oversight for bitcoin casinos?

I think you don't understand the difference between land based casino and bitcoins casino both are different. However if a casino wishes to be subjected to certain rules it can be and it'll always be displayed on their site.

One rule that I can tell you now is working on bitcoins casino is of KYC, if you win a very big amount you need to submit your documents I think that's the regulation you're referring to. However if you win small nothing happens no need to declare anywhere.
Yes that is right that both have differences, but i think that land base casino where casinos are legal must have their regularity authority who are making laws for casino, and giving them instruction, but in my country gambling is totally illegal therefore there is no as such regularity authority to are responsible to keep check on it, in my country gambling is totally baned and not legal.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Pursuer on April 14, 2018, 09:22:27 AM
the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Harlot on April 14, 2018, 10:20:41 AM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Lionidas on April 14, 2018, 03:30:10 PM
When these bitcoin casinos get licensed they usually choose a country where their government allows casinos to operate such as in South America or Malta/Curaco.
Alot of countries do not allow casinos to be located in their jurisdiction because it is against the law to have a functioning casino in their boundaries.
Although having a license and it's location are two different things because the hosting of a bitcoin casino site can be completely somewhere else. :-\


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: tylerderden on April 14, 2018, 04:07:49 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
There isn't any requirement for getting license for a bitcoin casino as they are online and can be hosted anywhere, but if someone world like to get a license then they apply for the license in the country where there are pretty easy to pass rules as to avoid any conflicts and protect themselves from any legal problem. In India there are not many casino located and government is also not clear on the status of legality of casinos, I read somewhere that gambling or betting is banned in India but skill based games are allowed and casinos are skill based games.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: vintages on April 14, 2018, 04:47:41 PM
I don't think there is but there is license, registering for every  casino owner. This license, registrations has also helped in cutting down fraud activities in the casino or the gambling industry.  But the problem that we might be facing is whether every casino owners are TRULY licensing their business as requested. I think it will be perfect if more regulations can be done in the casino business. 


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: TheUltraElite on April 14, 2018, 04:50:28 PM
I think that in most countries this does not yet exist, but certainly some are already advanced in this regard. The fact that there is no regulation in some cases is what attracts many users, because it has potential to attract people who live in countries where gambling is prohibited.
Gambling is prohibited in many countries. Again it is not prohibited but regulated in some countries. Overall this is the setting of the physical casinos. Bitcoin casinos (nowadays) are getting registered properly. But some are there which prefer the anonymity that crypto provides and not get registerd. Being registered only brings in more trouble. Taxation, legal problems with customers and all.

I mean i think there are but they are simple things such as age, etc

No. A lot more than that.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: jrrsparkles on April 14, 2018, 06:25:13 PM
I think the rules and regulations of the gambling site are based on which country the site is origin from.But bitcoin is anonymous so it doesn't have any rules to be followed.If the gambling is allowed in that country then bitcoin gambling is also allowed to do.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: hahay on April 14, 2018, 07:46:46 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
I think it's the same if the government has known it clearly, in my country any kind of gambling is forbidden but to gamble using bitcoin or crypto, so far still has no problem and still okay. I do not know with other countries.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: TheUltraElite on April 15, 2018, 03:43:20 PM
I think the rules and regulations of the gambling site are based on which country the site is origin from.But bitcoin is anonymous so it doesn't have any rules to be followed.If the gambling is allowed in that country then bitcoin gambling is also allowed to do.

Bitcoin may be anonymous (pseudo-anonymous to be precise) but the gambling site is often not so. There are many bitcoin casinos who are owned by people and these people are no longer anonymous. They are running a profitable business and they have to protect their interests. Thus it is better for them to get a licence and get "taxed" or so by their government following local rules.

The last thing that a successful bitcoin casino owner would want is the authorities knocking on their door for money laundering.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: olubams on April 15, 2018, 08:34:45 PM
To the best of my knowledge I don't know any agency regulating like we have in the normal economy where gambling and betting sites are regulated by the National Lottery Commission but what I know is where they claim to have licenses from countries like Curacao but I don't think there is any form of regulations in the sense that when there is a dispute, rather than addressing it to those who issue the license, its brought to the forum where its being decided whether the gambling site is the one at fault or not.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: milewilda on April 15, 2018, 08:37:46 PM
I think the rules and regulations of the gambling site are based on which country the site is origin from.But bitcoin is anonymous so it doesn't have any rules to be followed.If the gambling is allowed in that country then bitcoin gambling is also allowed to do.

Bitcoin may be anonymous (pseudo-anonymous to be precise) but the gambling site is often not so. There are many bitcoin casinos who are owned by people and these people are no longer anonymous. They are running a profitable business and they have to protect their interests. Thus it is better for them to get a licence and get "taxed" or so by their government following local rules.

The last thing that a successful bitcoin casino owner would want is the authorities knocking on their door for money laundering.
When you are a gambling site owner that doesnt even tend or plan to go with regulation matters then you will surely be at risk where government would really knock out into your door and would sue out on the deserved tax that they would get.Regulated casinos do exist but non-regulated do exist as well too.Its your choice if you do wish to play or not but well this thing doesnt bother me as long the site is reputable and have good record towards into its users then i would still consider to play on it.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Aleister Crowley on April 15, 2018, 10:08:06 PM
of course all companies have supervision and of course they have made permission to open a casino company located in a certain country, so they have permission to run their casino, the same bitcoin rate they are only supervised in their country and for their trust to build a reputation in some specific forums ,, like in this forum


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: jakagintiri on April 16, 2018, 03:42:54 AM
Inevitably there should be rules and adhere to every rule if you want to get licenses in every region, huge amount of money and a goal to get a license in anticipation in the things that are not in want and get a very good reputation, and back again where the site it exists and there may be no government regulation and there is also a state that governs every casino for security reasons, it depends on the country it occupies.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: rizkyhiw on April 16, 2018, 05:45:31 AM
Today's gambling is so widespread in every country that sets the rules for casinos, bitcoin casinos have great opportunities for regulation, each region determining the type of gambling activity legalized within its borders. That's why there are other laws that apply in every region, which governs gambling. so it all depends on where the bitcoin casino is located, between the possibility of no rules and the enforcement of regulations, but if the absence of such regulations can be called illegal.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: SolomonSollarsNSense on April 17, 2018, 12:09:53 PM
the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!
It is possible in Europe, America and some countries in Asia but most parts of the world do not allow gambling and casinos. Even bitcoin is illegal in many countries. So there are no possibilities of regulations of bitcoin casinos. I think that one should not gamble because the result of gambling is losing and one should not lose his money so easily in gambling.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: tabas on April 17, 2018, 01:27:38 PM
Getting license to operate governed and permitted by the government is essential. Just think on how the physical casino's are operating. There will be few who will not let themselves regulated but for those legit casino's that are operating their online casino, it's not just a casino but it's a business will comply to their country's rule.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: stellgod on April 18, 2018, 09:53:54 AM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.
In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: denny27 on April 18, 2018, 10:54:35 AM
Due bitcoin hasn't been announced at all that it's legal in my country, it's obviously not yet seen that there is regulation or oversight for bitcoin casinos like online casinos on certain sites. Online casino sites can be opened, and the government still looks indifferent on it.
It's in the country where I live, But perhaps for a country that has already legalized bitcoin, I don't think it will be banned although there is no regulation or oversight because it's more involved at the own risk in gambling on the casino.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: iv4n on April 18, 2018, 11:57:48 AM
Due bitcoin hasn't been announced at all that it's legal in my country, it's obviously not yet seen that there is regulation or oversight for bitcoin casinos like online casinos on certain sites. Online casino sites can be opened, and the government still looks indifferent on it.
It's in the country where I live, But perhaps for a country that has already legalized bitcoin, I don't think it will be banned although there is no regulation or oversight because it's more involved at the own risk in gambling on the casino.

People like you needs to understand what is bitcoin, what is government what is gambling industry. Bitcoin is already regulated, governments will regulate bitcoin and gambling industry in two different ways, if they didn't do it by now.
Online casino can be opened but if that is regulated by county law, online casino will need to pay taxes and to have everything done by the book, they will need to have what ever law say they need to have.
Many governments still don't know what to do with bitcoin, bitcoin gambling is in anonymous for now, many of us can gamble without any restrictions but times are changing, I see many different things now then before two years. For many things and changes we will need to wait to see what will happen. My prediction stayed the same, some governments will be open to bitcoin and crypto gambling, some will not.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: avikz on April 18, 2018, 10:13:06 PM
Due bitcoin hasn't been announced at all that it's legal in my country, it's obviously not yet seen that there is regulation or oversight for bitcoin casinos like online casinos on certain sites. Online casino sites can be opened, and the government still looks indifferent on it.
It's in the country where I live, But perhaps for a country that has already legalized bitcoin, I don't think it will be banned although there is no regulation or oversight because it's more involved at the own risk in gambling on the casino.

Bitcoin and gambling are two different thing and you must not mix these two. It is very much possible for a country to legalize bitcoin but not gambling or casino business. The exact opposite can also happen. So if a country legalize bitcoin as well as casino gambling business, they won't have any issue in providing license for bitcoin casinos, otherwise not!


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Shenzou on April 18, 2018, 10:13:42 PM
Some governments are strict about online gambling sties, whether it is bitcoin based or not, some others don't mind or bother with them because they don't have the resources to monitor these kind of things, and that is why nowadays we see a lot of gambling sites being hosted in foreign countries where they won't be harassed by governments or taxes, the only regulation that differences real money gambling sites from the bitcoin ones, is they require you a minimum deposit and and id, and since bitcoin is anonymous any person even a 10 year old kid could be gambling.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: shield132 on April 18, 2018, 10:16:04 PM
Due bitcoin hasn't been announced at all that it's legal in my country, it's obviously not yet seen that there is regulation or oversight for bitcoin casinos like online casinos on certain sites. Online casino sites can be opened, and the government still looks indifferent on it.
It's in the country where I live, But perhaps for a country that has already legalized bitcoin, I don't think it will be banned although there is no regulation or oversight because it's more involved at the own risk in gambling on the casino.

People like you needs to understand what is bitcoin, what is government what is gambling industry. Bitcoin is already regulated, governments will regulate bitcoin and gambling industry in two different ways, if they didn't do it by now.
Online casino can be opened but if that is regulated by county law, online casino will need to pay taxes and to have everything done by the book, they will need to have what ever law say they need to have.
Many governments still don't know what to do with bitcoin, bitcoin gambling is in anonymous for now, many of us can gamble without any restrictions but times are changing, I see many different things now then before two years. For many things and changes we will need to wait to see what will happen. My prediction stayed the same, some governments will be open to bitcoin and crypto gambling, some will not.
Online casinos have to pay taxes in any way (maybe situation is only different in curaccao, don't know really). Usually rule is following: Casino can avoid paying taxes if they put their profit in lottery/free tournaments and etc.
What things and changes do you see op since 2016?


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: xIIImaL on April 19, 2018, 03:24:37 AM
Due bitcoin hasn't been announced at all that it's legal in my country, it's obviously not yet seen that there is regulation or oversight for bitcoin casinos like online casinos on certain sites. Online casino sites can be opened, and the government still looks indifferent on it.
It's in the country where I live, But perhaps for a country that has already legalized bitcoin, I don't think it will be banned although there is no regulation or oversight because it's more involved at the own risk in gambling on the casino.

People like you needs to understand what is bitcoin, what is government what is gambling industry. Bitcoin is already regulated, governments will regulate bitcoin and gambling industry in two different ways, if they didn't do it by now.
Online casino can be opened but if that is regulated by county law, online casino will need to pay taxes and to have everything done by the book, they will need to have what ever law say they need to have.
Many governments still don't know what to do with bitcoin, bitcoin gambling is in anonymous for now, many of us can gamble without any restrictions but times are changing, I see many different things now then before two years. For many things and changes we will need to wait to see what will happen. My prediction stayed the same, some governments will be open to bitcoin and crypto gambling, some will not.
Online casinos have to pay taxes in any way (maybe situation is only different in curaccao, don't know really). Usually rule is following: Casino can avoid paying taxes if they put their profit in lottery/free tournaments and etc.
What things and changes do you see op since 2016?

To maintain their website registered with the concern country they need to manage all these things like taxation, perfect web domain maintenance fee and etc but these regulations are not good for the gamblers at all.
I see casino sites are mostly cheating the gamblers like watching card in poker room games. Prefixed roll on the slot rolling by setting the low amount in 99 time out of 100. These things kind of scam according to me. None of the shit regulations work for casinos.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: barbara44 on April 19, 2018, 12:15:07 PM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.
In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.
No, I think if the governments are continuously banning bitcoins to be used in their countries just because of the reason that bitcoins are decentralized and they can’t control them, I think they must ensure the banning of gambling as well. Reason is, people are losing their money and valuables and becoming unemployed and thus making a bad image and impact to the society.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: jhongzjhong on April 19, 2018, 01:42:17 PM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.
In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.
No, I think if the governments are continuously banning bitcoins to be used in their countries just because of the reason that bitcoins are decentralized and they can’t control them, I think they must ensure the banning of gambling as well. Reason is, people are losing their money and valuables and becoming unemployed and thus making a bad image and impact to the society.
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Shadovka on April 19, 2018, 02:21:26 PM
I am not sure about bitcoin casino. However i think they should implement a set of rule in place to avoid foul play by any parties which will act as a safeguard for everyone also. Since online betting is so convenient and accessible government should also add some regulations on player over betting if not in the long term we should be seeing a lot of social problems due to online gambling.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: TheUltraElite on April 20, 2018, 10:49:58 AM
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.

The legality of bitcoin and gambling should be considered separately. While in some countries bitcoin transactions are illegal already, gambling is illegal in many countries. So considering the overlap between the two we can see that some countries will fall in the section where both bitcoin and gambling is legal.

Again bitcoin gives pseudo-anonymity and thus gamblers feel safer betting with crypto than fiat. Safer in the sense that they are less likely to be caught be others.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Saidmod on April 20, 2018, 11:28:59 AM
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.

The legality of bitcoin and gambling should be considered separately. While in some countries bitcoin transactions are illegal already, gambling is illegal in many countries. So considering the overlap between the two we can see that some countries will fall in the section where both bitcoin and gambling is legal.

Again bitcoin gives pseudo-anonymity and thus gamblers feel safer betting with crypto than fiat. Safer in the sense that they are less likely to be caught be others.
I agreed, every country has a different rules over the regulations an dlike in my coubtry there is still no strong regulations especially in online investments or casino's and still they are researching on it before to take some regulations along with it.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: karnwillbit on April 21, 2018, 06:50:53 AM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.
In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.
No, I think if the governments are continuously banning bitcoins to be used in their countries just because of the reason that bitcoins are decentralized and they can’t control them, I think they must ensure the banning of gambling as well. Reason is, people are losing their money and valuables and becoming unemployed and thus making a bad image and impact to the society.
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.
It is clever of a government to accept bitcoin and allow its citizen to enjoy financial matters in the form of this currency but allowing gambling and that also with bitcoin, does not sound very lucky to me friend. Risking the most precious and expensive asset of the world in most useless and dangerous game is the worst decision that one can make in his life. I believe, bitcoin has more meaningful uses.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: markdario112616 on April 22, 2018, 02:33:45 AM
the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!

Good point, Online gambling owners tends to avoid this regulations and tax paying but the thing is that this people behind the online casinos are respectively paying some officials just to continue it's operation. It's a fact, This practices were made mostly in the Asian countries. Though, the hype of Bitcoin has started so this illegal Bitcoin casino owners are now prone to being shut down especially when it's user are growing each day, to the fact that it is now noticeable.



There are no regulation/s yet for this Bitcoin Casinos. A government can't regulate the transactions done thru Bitcoin, so technically speaking Bitcoin casinos are some what invisible to the Government.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Ridwan Fauzi on April 22, 2018, 06:58:41 AM
the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!

Good point, Online gambling owners tends to avoid this regulations and tax paying but the thing is that this people behind the online casinos are respectively paying some officials just to continue it's operation. It's a fact, This practices were made mostly in the Asian countries. Though, the hype of Bitcoin has started so this illegal Bitcoin casino owners are now prone to being shut down especially when it's user are growing each day, to the fact that it is now noticeable.



There are no regulation/s yet for this Bitcoin Casinos. A government can't regulate the transactions done thru Bitcoin, so technically speaking Bitcoin casinos are some what invisible to the Government.
Agree with your opinion, the main factor is that in some countries bitcoin still illegal or does not accept payment with bitcoin. Furthermore, many countries also prohibit gambling involve in his country, moreover to accept gambling sites, to receive bitcoin as currency they also refuse. Most likely bitcoin casinos will be accepted in some countries that legalize gambling and which legalize bitcoin as a legitimate currency.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Tigorss on April 22, 2018, 02:32:59 PM
Are there any regulations or oversight for bitcoin casinos? I think for other online casinos where you have to deposit genuine money, there are some government regulations regulating these casinos. How about bitcoin casinos?
of course there is suppose the age of play is min 18 years., Member is responsible for ID and PASS that we have given., Member is required to provide the latest data used at the time of register, Member can make request Deposit or Withdrawal at any time except bank in state Offline


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: krishnaverma on April 22, 2018, 03:44:07 PM
It is possible in Europe, America and some countries in Asia but most parts of the world do not allow gambling and casinos. Even bitcoin is illegal in many countries. So there are no possibilities of regulations of bitcoin casinos. I think that one should not gamble because the result of gambling is losing and one should not lose his money so easily in gambling.

In India, such websites are operating based on certain loopholes. For instance, the court has given a ruling that if any games involves skills, then it is not gambling and websites can offer such games. So, these bitcoin casinos juts include such games only to remain safe from legal troubles.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Kiweikoo on April 23, 2018, 06:25:00 AM
I am not sure about bitcoin casino. However i think they should implement a set of rule in place to avoid foul play by any parties which will act as a safeguard for everyone also. Since online betting is so convenient and accessible government should also add some regulations on player over betting if not in the long term we should be seeing a lot of social problems due to online gambling.
Gambling itself is a problem and not good for anybody, therefore I think that rules and regulation is not possible for an illegal activity because gambling is not allowed in many countries and rules cannot be implemented there. Even bitcoin is banned in many countries so how it is possible that bitcoin gambling would be under any rules and regulation.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: bitgolden on April 23, 2018, 06:29:17 AM
That is the tricky part because online gambling on some countries should be licensed first before they can even operate in that country. Now this Bitcoin gambling site do not cater to one country only as most of them accepts players internationally. I don't know whether what they are doing is legal or not but it maybe has something to do with them operating on cryptocurrencies and not involving Fiat Currencies, it maybe is there legal loophole that is why they can operate without even the government shutting them down. They are like Faucet sites or any Bitcoin related site.
In my country the government also banned bitcoin and its trading because it is decentralized and the government has nothing to do with bitcoin. If the people lost their money or being looted they cannot report it in government. Anyhow there should be rules for gambling in bitcoin in these countries where it is allowed and people freely deal in bitcoin.
No, I think if the governments are continuously banning bitcoins to be used in their countries just because of the reason that bitcoins are decentralized and they can’t control them, I think they must ensure the banning of gambling as well. Reason is, people are losing their money and valuables and becoming unemployed and thus making a bad image and impact to the society.
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.
Yeah bitcoin gambling has no rules and regulations and that is because the whole world is using bitcoin for their purchases and for gambling as well. So I think no rules can be made for the users around the globe. Online gambling is different than bitcoin gambling. It is not related to one person or one country and no single person is able to make rules for bitcoin gambling.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: TheGreatPython on April 23, 2018, 10:27:35 AM
That's will happens if bitcoin was strictly prohibited in the country it depends upon on the situation in bitcoin into a country.
Yeah, we all know that bitcoin is a decentralized technology coin and nobody could stop on the technology.
If a country has no law in cryptos also gambling has not prohibited or casino who used bitcoin for gambling.
Just like here our country we have freely used bitcoin here so we are not prohibited to do gambling.

The legality of bitcoin and gambling should be considered separately. While in some countries bitcoin transactions are illegal already, gambling is illegal in many countries. So considering the overlap between the two we can see that some countries will fall in the section where both bitcoin and gambling is legal.

Again bitcoin gives pseudo-anonymity and thus gamblers feel safer betting with crypto than fiat. Safer in the sense that they are less likely to be caught be others.
I agreed, every country has a different rules over the regulations an dlike in my coubtry there is still no strong regulations especially in online investments or casino's and still they are researching on it before to take some regulations along with it.
They must do this as soon as possible. Reason is, this game is harmful to the person playing and to the society and ultimately to the country’s progress. If people don’t stop gambling they will be increasing the unemployment rates and the family relationships broken rates and divorce rates and so much. This all will be damaging the pace and progress of country. So they must find urgent solution.


Title: Re: Are There Any Regulations for Bitcoin Casinos?
Post by: Rizky Aditya on April 24, 2018, 05:11:21 AM
the point of playing on an online gambling site and doing it with bitcoin is to escape all the regulations and possible restrictions, taxes, and all the headache of that. so in case some casino decided to become regulated they will just be killing their own business, it would be like shooting yourself in the foot while others are running ahead of you with a big distance between you and them!

not to mention that online gambling is not legal in many jurisdictions!

Good point, Online gambling owners tends to avoid this regulations and tax paying but the thing is that this people behind the online casinos are respectively paying some officials just to continue it's operation. It's a fact, This practices were made mostly in the Asian countries. Though, the hype of Bitcoin has started so this illegal Bitcoin casino owners are now prone to being shut down especially when it's user are growing each day, to the fact that it is now noticeable.



There are no regulation/s yet for this Bitcoin Casinos. A government can't regulate the transactions done thru Bitcoin, so technically speaking Bitcoin casinos are some what invisible to the Government.
Agree with your opinion, the main factor is that in some countries bitcoin still illegal or does not accept payment with bitcoin. Furthermore, many countries also prohibit gambling involve in his country, moreover to accept gambling sites, to receive bitcoin as currency they also refuse. Most likely bitcoin casinos will be accepted in some countries that legalize gambling and which legalize bitcoin as a legitimate currency.
This is seriously weird. Why people are so dump that they even don’t see their profitable lives in trading and investing rather keep talking about the plans and strategies to be involved in gambling. And plus stupidity is, they want to make bitcoins as the source in gambling. The most stupid idea this is, really. They don’t know how big mistake they are just making by doing so.