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April 25, 2013, 04:18:52 PM |
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While I'm new to Bitcoin, my understanding of U.S. gambling law is that you can't gamble over telecom wires. Gambling is defined (as I remember it) at putting something of value (or something which you paid money for) at risk in a situation where you don't have control over the outcome. Now the U.S. has had problems going after the online gambling sites, so they regulate the bank money transfers. It's illegal to transfer money or do credit card transactions for gambling. That's how they got a number of the Gambling sites, because they were doing fraudulent bank transactions in order to do deposits. Bitcoin is a huge game changer for this, because it's not illegal to transfer, so they won't have that avenue. Even if they make it illegal, they're still going to have a terrible time trying to trace transactions. I'm going to look for forum threads on what the government is doing here. My guess is that they still thing playing with bitcoin is gambling, so I wouldn't setup in the U.S. If It did it somewhere else, then I would exclude U.S. IP addresses, and not ask people where they come from.
I'm wondering if the legalities have been discussed already.. I'll go look.
Oatmo
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