Bitcoin Forum

Is it legal to gamble with Bitcoin in the US? Oklahoma? Asking for a friend..... lol

I believe so. Just depends on what company/platform. If you're into esports, there's a platform called Unikrn and they're currently working on making real-money wagering in the US. They're backed by Mark Cuban and their sale ends in 2 hours. Definitely worth looking into. https://unikoingold.com/

Gambling especially online casinos and the popular eSports platforms are all legal in USA granted that the company has successfully applied for and got approval of all the required documents from the appropriate governmental agencies and let's not forget as long as the state you are in has no specific law banning that specific gambling activity.

Online gambling is now a very big and at the same time a very lucrative industry. With the help of the blockchain technology that is providing many new innovations to gambling, this industry is poised for more real growth and can really explode in the coming years. No wonder there are now many gambling projects introducing their own ICOs to entice the public to invest on their tokens.

We just have to careful not to get addicted and at the end lost everything we worked for!

Yes i think so, well you can easily gamble thru online nowadays and i think there's are a lot of gambling site out there that you can use your bitcoin as your fund.

If the game website was in America he gets a license and works in accordance with the laws of the United States. What's illegal? If the website is on another domain extension that is not subject to the laws of the United States and to you, too, can't be any complaints. In any case, the responsibility always lies with the owner of the website.

It's depend on each region policy whenever they legalized bitcoin or not. One things for sure that bitcoin will lead into revolutionairy for gambling industry since they open alternate transaction .

It's just like you're trading and gambling at same time , double profit ! especially when bitcoin reach $ 6000

We just have to be careful not to get addicted and ultimately lose everything we do! Online gambling is now very large and also a very lucrative industry. No wonder there are now many gambling projects that introduce their own ICOs to draw people's attention to invest in their tokens.

If the game site is in America he / she gets a license and works in accordance with United States law. What is illegal If a website is on another domain extension that is not subject to United States laws

If you are interested in sports, there is a platform called Unikrn and they are currently working on real-money bets in the US.
If you trade and gamble at the same time, the profits will double! Especially when this Bitcoin reaches $ 6000

"For a friend" lol.

Anyways, in the case of something like nitrogensports, it is technically illegal. However, don't expect government agencies to go banging on your door. They're much more likely to go after the headquarters of the site.

Although, with cases of a licensed bookie, if they do take bitcoin, then it's just a happy accident and you should be fine.

yeah,not just in oklahoma but in most part of US as long as you have the bitcoin to use,and a guts to win.u can play whenever you want

more gamble sites are available in Internet today. so may it happens in some times because bit coin giving more profit for that reason people trying to bit coin business and earning money from that. in us it may happens it's not only part in and other country people also doing like this. gamble is really very frod thing but in this way we have to earn money easily and invest in trading, mining. so most of the people interested in gamble.

I dont even think if all US citizens are gambling in US based sites. Because as a gambler, most are trying any gamble sites that suits them. I for one do not really check if is it in the US or not but as long as i like the style then its ok form me. But i guess their are also sites that we're taken down for lacking a valid license or expired license. But for me i prefer gambling in sites outside the US to not be tracked if ever the site is tracked.

That's kinda cool. Using cryptocurrencies, for convenience instead of real money that you have to input first in your accounts  :)

OP does not mention online games, because the place has indicated the name. For this reason, it is currently impossible to bet with btc physically. At least I think of such a technology coming.

online gambling use but real one need licences which so hard to be applied

It really depends on the platform and how they're going about it. So many platforms out there and the US at such a grey area with crypto

Honestly I doubt there is a country that totally banned or considering for gambling to be illegal. Why? Money flows on that place like a river run. But it must be regulated and with licences that obviously recognized by the government itself. United States of America is one of the country with most casinos and high end especially in Nevada. So I doubt Oklahoma will doing the opposite.

if you are of the age of majority, able to gamble, and have reported the bitcoin and intend to report your winnings, you should be fine. be sure to save records of your transactions within the casino, they usually have a csv you can export if you need to be able to provide a record. this is general for United States citizens; Im not quite sure of the specific laws that govern Oklahoma concerning gambling. alot of it has to do with the casino you used is licensed. if they are unregulated, that comes back on you a bit, but mostly reflects poorly on them. so use a decent casino, not a fly by night, that asks you for identity documentation (if they are legit, they pretty much have to conduct proper aml/kyc if they serve US citizens)

Las Vegas Guys do you think bitcoin gambling is legal? Las vegas is the capital of gambling in the world right and it seems there's so many casino and bigtime investor waiting for the win of bitcoin.

i think its legal to gamble with bitcoins, but you should ask the casino first if the accept bitcoin so that you will have no problems gambling with other people, and for your safety as well.

Absolutely yes specially in Las Vegas, in this place there are lot of legal sites and online casinos for your bitcoin gambling needs just make sure you are joining the legal sites because some maybe not legit in which some are vulnerable for hack that will request for you to download some applications or urge you to open a links sites that may put your computer securities at risk so be careful.

But with BTC, how do you define jurisdiction? If the company is registered in another country, domain name is registered out of US, and the owners/operatives are out of US too. How to enforce even it is illegal?

Another good case study. I have seen a company that offers online BTC lottery. Same as what you find in the US. But they open source their software. Everyone can review the source code that generates the random numbers. They ever disclose the finance and accounting. I think it is as legal as the one run by government :-)

Yes it is true, there are also some smartphone applications offers gambling. As long as the government and the law allows this kind of activity to operate; I think there is no problem from that at all because they follow what is in the that governs them.

some clarification, did some additional research:

To be more specific, if the state or region you live in prohibits online gambling, it will not matter which form of payment is being used. Gambling is (technically speaking) not illegal on the federal level by any means. However, several US states have made gambling illegal, regardless of whether it occurs in a physical location or on the internet. The method of payment used to fund ones gambling activities, however, is a different matter entirely.

Totally legal to play and earn from gambling in BTC in the USA if the gambling platform has the license and operates within the US law gambling guidelines. Moreover, it is safe to play gable on such approved websites rather than playing a decentralized website which can scam you at any time.

The legality of gambling depends on the permit of the establishment may it be in Bitcoin or in fiat money. So it is better to see and check if the establishment or online site (in online gambling) is legit and permitted to operate by the U.S government.

A lot of gambling sites and establishments operates illegaly to avoid tax. So make sure that the one yu are playing to is legit in order to avoid penalty or loosing money.

But what do you think about another situation,When gambling platform hasn’t casino license and someone’dwon btc,Has anyone legal right to take away gamblers wining? In my opinion,Its not gamer’s fault and state organs have not any right to do something.I'm glad to hear your opinion about this theme.there are so many Controversial issues and i can not understand,how govermants are going to define this by the law.its fact that there are so many illegal gambling companies and they may have not age control system too,thats very bad,but what we can do?

I don't see any reason why it is illegal