FastBets stops accepting deposits from US players

[arallmuus]

Having read your comments I think that I might be overly cautious.

You actually did the right thing to do, it is said to be best to prevent things from happening in the future

On the other hand my legal council was of the opinion that if a crackdown happens then the risk to operators would be quite high

Yes it is, the risk is on operators and not the players that is why there is a warrant to Micon. If they could crack down the operator than the sites will be close, meaning no more US players will be playing there again and it is easier to arrest 1 guy rather than arresting thousand of players

I am of the opinion that some sort of crackdown will happen eventually (don't know when obviously), and I'd be quite happy to not be part of it.

Any references on where do you get this info? hasnt heard anything related to this thing yet

I'm also not sure that not being based in the us is a sufficient protection from prosecution there.

It is not and we are talking about US which got influence to almost all countries which means that anything could happen if they want to start cracking down this thing

Stunna also doesn't seem to be based in the US

Yes he is not AFAIK

In addition to that I must say that the thread of getting into legal trouble has been a bit of a weight on my shoulders. I'm certain to be loosing money through this move, but I've gained in life quality.

Better to set up precautions than to be sorry later

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[michinzx]

its unfortunate to see this happening to a lot of gambling sites lately, but you gotta do what you gotta do

[MUFC]

I'm also not sure that not being based in the us is a sufficient protection from prosecution there.

It is not and we are talking about US which got influence to almost all countries which means that anything could happen if they want to start cracking down this thing

It's not. Just at look at Kim Dotcom and Megaupload. He was in New Zealand and got raided. If you operate in a county that doesn't have an extradition treaty with the US you might be ok.

Stunna also doesn't seem to be based in the US

Yes he is not AFAIK

Australia I believe.

[Dannie]

Stunna also doesn't seem to be based in the US

Yes he is not AFAIK

Australia I believe.

That part is pretty ironic, considering that Primedice has been blocking Australian IPs for many months while Stunna is in Australia.

[FastSlots]

I am of the opinion that some sort of crackdown will happen eventually (don't know when obviously), and I'd be quite happy to not be part of it.

Any references on where do you get this info? hasnt heard anything related to this thing yet
 

I want to make this crystal clear: I have based my decision on publicly available information. That some sort of crackdown will happen eventually is my personal opinion. I do not know if it will happen or when. I just don't want to find out the hard way.

I'm a bit hesitant to talk too much about this topic in public because it's a bit touchy. Anyone should feel free to get in touch by email (henry@fastslots.co) or pm anytime.

[bitbaby]

I still don't think that this is necessary, the US is shutting down gambling sites which they think were/are running in the country and they're doing that because these sites were unlicensed. Bitcoin AFAIK is considered legal in US and if a player is playing at a site which doesn't comes under the US jurisdiction, it should be fine. I don't think they can shut-off/raid a site outside of US.

Not telling you to change your decision but just expressing my personal view on this matter.

[adaseb]

Yes this is exactly what happened when online gaming was huge back in 2000's. It started getting banned because many large websites couldn't afford to pay the huge licensing fees and keep up with regulation. In the near future there will be more and more regulations towards online bitcoin mining.

[arallmuus]

I am of the opinion that some sort of crackdown will happen eventually (don't know when obviously), and I'd be quite happy to not be part of it.

Any references on where do you get this info? hasnt heard anything related to this thing yet
 

I want to make this crystal clear: I have based my decision on publicly available information. That some sort of crackdown will happen eventually is my personal opinion. I do not know if it will happen or when. I just don't want to find out the hard way.

I'm a bit hesitant to talk too much about this topic in public because it's a bit touchy. Anyone should feel free to get in touch by email (henry@fastslots.co) or pm anytime.

I got your explanation via PM and I do respect your decision regarding this matter, wise decision Henry

I still don't think that this is necessary, the US is shutting down gambling sites which they think were/are running in the country and they're doing that because these sites were unlicensed. Bitcoin AFAIK is considered legal in US and if a player is playing at a site which doesn't comes under the US jurisdiction, it should be fine. I don't think they can shut-off/raid a site outside of US.

Well regarding this, Henry has made it clear that the reason for this will be most likely precautions to avoid things from happening in the future and of course no one would be wanting the feds to be knocking on your front door in the morning

Yes this is exactly what happened when online gaming was huge back in 2000's. It started getting banned because many large websites couldn't afford to pay the huge licensing fees and keep up with regulation. In the near future there will be more and more regulations towards online bitcoin mining.

Right , this could be why it is best to avoid this matter here rather than having some problem in the future since no one will know hows the future might shift and Henry has mentioned in the OP that he cant afford the license yet .That is why this precautions are being taken

[sherbyspark]

Yes this is exactly what happened when online gaming was huge back in 2000's. It started getting banned because many large websites couldn't afford to pay the huge licensing fees and keep up with regulation. In the near future there will be more and more regulations towards online bitcoin mining.

Right , this could be why it is best to avoid this matter here rather than having some problem in the future since no one will know hows the future might shift and Henry has mentioned in the OP that he cant afford the license yet .That is why this precautions are being taken

Like I have said before, that is not the right way to look at it.
Bitcoin is legal right now. And a gambling site not within the jurisdiction of US, is not illegal.
 If it was a matter of taking precaution, then a person using bitcoin should stop using it, as in future it may become illegal in the States. The risks of continuing to run the casinos online through bitcoin in another country and almost negligible.

[arallmuus]

Yes this is exactly what happened when online gaming was huge back in 2000's. It started getting banned because many large websites couldn't afford to pay the huge licensing fees and keep up with regulation. In the near future there will be more and more regulations towards online bitcoin mining.

Right , this could be why it is best to avoid this matter here rather than having some problem in the future since no one will know hows the future might shift and Henry has mentioned in the OP that he cant afford the license yet .That is why this precautions are being taken

Like I have said before, that is not the right way to look at it.
Bitcoin is legal right now. And a gambling site not within the jurisdiction of US, is not illegal.
 If it was a matter of taking precaution, then a person using bitcoin should stop using it, as in future it may become illegal in the States. The risks of continuing to run the casinos online through bitcoin in another country and almost negligible.

Bitcoin is not legal in some parts of the country. This matter is not on our call. Its on Henry, He feels like doesnt want to have a life where he doesnt feel safe and we should of course respect his decision with that. Nevertheless, anything to do with casino/gambling sites is dangerous especially if it is unlicensed.