tully (OP)
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July 19, 2015, 01:32:51 PM Last edit: July 19, 2015, 05:01:26 PM by tully |
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Afternoon Guys, Question about BTC gambling Is it regulated in the same way traditional online casinos and gambling centers are regulated, which accept fiat for payment? Or do the rules not apply.. Much appreciated
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Mudd
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July 19, 2015, 01:49:30 PM |
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Well that all depends on the specific casino, but I'm going to say no, most of them are not currently regulated or even have licensees and a lot of them will likely even be illegal to use in certain countries.
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tully (OP)
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July 19, 2015, 01:51:12 PM |
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So my next question.. How are they still operating on the open web?
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CEG5952
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July 19, 2015, 01:55:10 PM |
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So my next question.. How are they still operating on the open web?
Offshore hosting. They don't directly operate on countries that dislikes their content. If feds are on their asses, they'll just hide in the bush for a while and pop out like a mushroom.
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tully (OP)
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July 19, 2015, 02:08:17 PM |
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So my next question.. How are they still operating on the open web?
Offshore hosting. They don't directly operate on countries that dislikes their content. If feds are on their asses, they'll just hide in the bush for a while and pop out like a mushroom. Registering their domain openly or anonymously?
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Finchy
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July 19, 2015, 02:19:52 PM |
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So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast.
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iqbal14st
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July 19, 2015, 02:38:45 PM |
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yes maybe it's own policy on the gambling site's founder, by the way, maybe you have the wrong sub-forum ..
CMIIW
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CEG5952
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July 19, 2015, 02:42:08 PM |
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So my next question.. How are they still operating on the open web?
Offshore hosting. They don't directly operate on countries that dislikes their content. If feds are on their asses, they'll just hide in the bush for a while and pop out like a mushroom. Registering their domain openly or anonymously? Well they have this thing called Whois Guard available when you register for a domain name. That's one key to hide their real identity or fake identities being kept.
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tully (OP)
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July 19, 2015, 02:43:24 PM |
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So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast. Good point, got any examples of the countries with laid back gambling laws?
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iqbal14st
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July 19, 2015, 02:47:51 PM |
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So my next question.. How are they still operating on the open web?
Offshore hosting. They don't directly operate on countries that dislikes their content. If feds are on their asses, they'll just hide in the bush for a while and pop out like a mushroom. Registering their domain openly or anonymously? Well they have this thing called Whois Guard available when you register for a domain name. That's one key to hide their real identity or fake identities being kept. but to hide their real identity does not mean they can not find .. Some even make them a false identity
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Stifler
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July 19, 2015, 02:55:50 PM |
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So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast. Good point, got any examples of the countries with laid back gambling laws? Just find out where all the bitcoin gambling sites are hosted haha. Are you thinking of making one? I do think that they'll start cracking down on them eventually regardless of where they're hosted.
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Not to be confused with the user sifter .
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jjacob
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★Nitrogensports.eu★
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July 19, 2015, 02:56:36 PM |
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Afternoon Guys, Question about BTC gambling Is it regulated in the same way traditional online casinos and gambling centers are regulated, which accept fiat for payment? Or do the rules not apply.. Much appreciated The same rules apply to other online casinos (fiat or BTC). Enforcement is a different ball game.
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vennali
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#SWGT CERTIK Audited
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July 19, 2015, 02:58:20 PM |
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So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast. Good point, got any examples of the countries with laid back gambling laws? Just find out where all the bitcoin gambling sites are hosted haha. Are you thinking of making one? I do think that they'll start cracking down on them eventually regardless of where they're hosted. UK actually has already started getting strict towards these gambling sites that offer their services to UK customers. Since these sites would generate a large amount of revenue to UK for being licensed so they are actually likely to target these hosting sites and shut down these gambling sites.
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everaja
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July 19, 2015, 03:08:44 PM |
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So my next question.. How are they still operating on the open web?
Much of the Gambling sites are hosted Off shore or are using Anonymous Hosting. these days hosting with bitcoin is easily available they just grab them and Start running their sites. Moreover Few countries have ban their users From Gambling like I see williamhills not Operating in US , so the people there are using Proxy.
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tully (OP)
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July 19, 2015, 03:09:00 PM |
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So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast. Good point, got any examples of the countries with laid back gambling laws? Just find out where all the bitcoin gambling sites are hosted haha. Are you thinking of making one? I do think that they'll start cracking down on them eventually regardless of where they're hosted. Gambling's not for me, but know how restricted and regulated the UK market is, made me ask the question So my next question.. How are they still operating on the open web?
Lol, how does everything else operate on the open web? Torrent sites, warez sites etc etc. Not all things are illegal everywhere. Some countries ban gambling and porn, but people can freely view them online. Usually the sites are hosted in countries with lax preferences on this or outside the jurisdiction of the certain law enforcement agencies that would take them down. If they were hosted in the US they likely would get taken down pretty fast. Good point, got any examples of the countries with laid back gambling laws? Just find out where all the bitcoin gambling sites are hosted haha. Are you thinking of making one? I do think that they'll start cracking down on them eventually regardless of where they're hosted. UK actually has already started getting strict towards these gambling sites that offer their services to UK customers. Since these sites would generate a large amount of revenue to UK for being licensed so they are actually likely to target these hosting sites and shut down these gambling sites. I think most countries would want to take up this approach but like mentioned earlier, it's the enforcement that kills them. If the sites are hosted offshore and used in conjunction with BTC, its a tough nut to crack. Whether you have visited the sites is obviously going to be an easy one to figure out but a suspicion is suspicion and nothing else. So my next question.. How are they still operating on the open web?
Much of the Gambling sites are hosted Off shore or are using Anonymous Hosting. these days hosting with bitcoin is easily available they just grab them and Start running their sites. Moreover Few countries have ban their users From Gambling like I see williamhills not Operating in US , so the people there are using Proxy. Ahhh, the power of the proxy
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Amph
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July 19, 2015, 03:14:44 PM Last edit: July 19, 2015, 03:32:18 PM by Amph |
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keep in mind that many of them are running a small business, authority will not bother with those
you can play on those without problem, at best you can mix your coins or find some of those casino that accept cryptonight altcoin, which would be even better and use a random vpn to register
remember that bitcoin itself isn't regulated in some countries or illegal, yet people use it
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tully (OP)
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July 19, 2015, 03:30:57 PM |
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keep in mind that many of them are running a small business, authority will not bother with those
you can play on those without problem, at best you can mix your coins or find some of those casino that accept cryptonight altcoin, which would be even better and use a random vpn to register
remember that bitcoin itself isn't regulated in some country or illegal, yet people use it
Suppose it also comes down to why your using and to what extremity (example: small gambling business: Okay/SilkRoad: NOT OKAY).
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dothebeats
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July 19, 2015, 04:23:44 PM |
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Afaik, most bitcoin gambling sites are unregistered in any nation or any laws but still it is in operation. Same with bitcoin, though the virtual currency is regulated in some countries, there are other countries that do allow their citizens to use bitcoin as it is.
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DiscoverCebu
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July 19, 2015, 04:26:34 PM |
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BTW you should move this thread to "Gambling" board in the marketplace. If you don't know how, its there in the lower-left corner.
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jt byte
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July 19, 2015, 04:28:54 PM |
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I think it depends on which countries does these operate. If it is a strong country then i think most of them should be registered. But in other countries as far as i know bitcoin is not legal to use so might be gambling sites are unregistered.
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