Title: Gambling with bitcoins underage Post by: Book on June 27, 2013, 07:25:08 AM I have a question, is it illegal for minors to gamble with bitcoins? Last time I checked it was unclear exactly what bitcoin is defined as, so would it be legal for a minor to gamble with them rather than fiat?
Title: Re: Gambling with bitcoins underage Post by: RaTTuS on June 27, 2013, 07:33:42 AM it depends on your laws on where you are
if it is illegal to gable then it is illegal to gamble with bitcoin, eggs, stones , elephants or cash , if it is not illegal then it is not illegal. bitcoin is not cash or money YMMV IAMAL etc. Title: Re: Gambling with bitcoins underage Post by: Book on June 27, 2013, 07:35:41 AM Are there places where minors aren't allowed to gamble with fiat but can gamble with other things, such as bitcoin?
Title: Re: Gambling with bitcoins underage Post by: Chet on June 27, 2013, 08:12:08 AM Define gamble.
Crossing the street is a gamble .... Title: Re: Gambling with bitcoins underage Post by: Book on June 27, 2013, 08:21:11 AM Define gamble. Hahaha. But really, are there countries/states where gambling with money is illegal but gambling with bitcoin is legal (for minors).Crossing the street is a gamble .... Title: Re: Gambling with bitcoins underage Post by: Cyberdyne on June 27, 2013, 08:22:13 AM Also define 'minor'.
Different things are different. Title: Re: Gambling with bitcoins underage Post by: r3wt on June 27, 2013, 08:23:45 AM Define gamble. Hahaha. But really, are there countries/states where gambling with money is illegal but gambling with bitcoin is legal (for minors).Crossing the street is a gamble .... can miners gamble? i think they actually are used to mine coins. you might be able to reprogram them for other tasks though... not sure what you are trying to accomplish here. Title: Re: Gambling with bitcoins underage Post by: RaTTuS on June 27, 2013, 09:07:00 AM I know a few miners and they gamble
well I've seen them with lottery tickets and down the bookies..... this thread will not go far Title: Re: Gambling with bitcoins underage Post by: bitcasino on December 13, 2013, 09:29:29 PM I have a question, is it illegal for minors to gamble with bitcoins? Last time I checked it was unclear exactly what bitcoin is defined as, so would it be legal for a minor to gamble with them rather than fiat? Yes it's illegal ONLINE: check term and conditions on popular casino websites like satoshidice .com or gamblingwithbitcoins . comI don't know if minors are allowed in real casinos. Title: Re: Gambling with bitcoins underage Post by: rjcesq on December 15, 2013, 04:13:05 AM Bitcoin has value and thus anywhere it is illegal for minor to gamble (just about everywhere that I'm familiar with) then it would be illegal for minors to gamble with bitcoin.
Title: Re: Gambling with bitcoins underage Post by: giantdragon on December 15, 2013, 04:44:35 AM It depends from the jurisdiction you are residing. Most countries don't have any penalty for minors if they play, only for gambling site.
U.S. is a different story, online gambling is a no-no here! ;D Title: Re: Gambling with bitcoins underage Post by: bitcoinpsftp on December 15, 2013, 08:53:01 PM I believe miners can gamble. But how about miners who are minors? Can miners even be minors? And gambling... at what point is it a good idea. Nobody should ever gamble (Again, depends on your definition of gamble).
Title: Re: Gambling with bitcoins underage Post by: EnderHf on December 17, 2013, 01:19:24 AM Well it depends on what country or state you live in. And what age you are classified as a minor
Title: Re: Gambling with bitcoins underage Post by: nate008 on December 17, 2013, 06:42:22 AM It depends where are you from. Each country has different legislation and people use different tactics to avoid this.
For example: Pachinko games in Japan since gambling for cash is illegal in Japan. The balls you won cannot be exchanged directly for money so you get tokens or prizes, which you can then exchange for cash at a place nominally separate from the parlor. Quite the scheme. In other countries this won't work at all. And in others you'll get the money directly without this mess. Title: Re: Gambling with bitcoins underage Post by: bryant.coleman on December 26, 2013, 04:33:11 PM In my country all form of gambling is illegal (by all ages). Some people do get arrested occasionally, but I haven't heard anyone getting arrested for online gambling.
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