What if the site did not take care of the BTC at all - I mean if all bets were escrowed with the trusted third party (example: MtGox), which is paid to release the funds after each round. The operator of the site would also need to deposit enough to fully cover all its obligations.
Is there anyone in this world who could be trusted with this much money, without it becoming a risk to the site and its users alike?
Three week does a lot to my thinking. I am currently not too interested in developing this kind of derivatives any more, I think instead of more casinos, bitcoin needs a
liquid price-finding mechanism.
Guess what, it is not going to be an exchange. It will be a dealer network. The age of casinos is over.
