Betting in bitcoin is legal or illegal?

[audrey12]

Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.

[01asd]

Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal. With the way, so many gambling sites signature campaign has been going in this forum you should have already gotten your answer. And moreover, and the good thing about bitcoin gambling is that no authority can question this actions because of the decentralized nature of bitcoin. And again, user information are highly protected.

Actually, gambling is illegal in my country. Whether it's gambling using Bitcoin or not, but actually Bitcoin has also been banned by my country. So can you imagine how illegal the thing you are talking about right now, hahaha. But we must know that Bitcoin is just an ordinary currency. We can not get Bitcoin law, because Bitcoin is the same as the dollar and other currencies. To be punished is we who use the currency. And it depends on our actions in the currency we use for what activities. So it also depends on the activities we do. If your country and your religion prohibit gambling, then it is illegal.

[boyptc]

I don't think it will illegal.

It will not be illegal if your country isn't aware of bitcoin gambling or they are simply supporting gambling and bitcoin at the same time. But don't be confident because each country will know about bitcoin and on how it can be used. Most of the countries now are aware of cryptocurrencies and they are all making rules and regulations to it but as long as there's no clear directive about bitcoin gambling, it doesn't mean that its illegal nor legal in your country.

[Digital_Lord]

See Bitcoin is not yet legalized in only some countries, so of course, Bitcoin betting is almost not legal. I see before betting try to read their TOS condiction because they will be mentioned playing at your own risk because they never asked for investment it is our interest betting with Bitcoin.

This is the most discussed topic, betting is legal in many countries, but we're talking about bitcoin betting, so I think still in many nations betting in bitcoin is not legal. It depends on the respective governments to legalise the betting on the bitcoin need to get approval from them.

No betting is legal in any country around the globe whether it’s of bitcoin or just simple betting because betting is considered a bad activity which really is in reality because many people got their lives destructed due to this bad thing and no country in the world would like their people to die due to this activity which doesn’t have any history in the past.

It’s just a man made addiction and it can be overcome only when the people will get labor or some solid ways of earning money otherwise continue with it.

[rhamzter]

See Bitcoin is not yet legalized in only some countries, so of course, Bitcoin betting is almost not legal. I see before betting try to read their TOS condiction because they will be mentioned playing at your own risk because they never asked for investment it is our interest betting with Bitcoin.

This is the most discussed topic, betting is legal in many countries, but we're talking about bitcoin betting, so I think still in many nations betting in bitcoin is not legal. It depends on the respective governments to legalise the betting on the bitcoin need to get approval from them.

No betting is legal in any country around the globe whether it’s of bitcoin or just simple betting because betting is considered a bad activity which really is in reality because many people got their lives destructed due to this bad thing and no country in the world would like their people to die due to this activity which doesn’t have any history in the past.

It’s just a man made addiction and it can be overcome only when the people will get labor or some solid ways of earning money otherwise continue with it.

Betting using bitcoin is illegal, because in digital world most of the transactions using bitcoin are not legalized. Other than that bitcoin are still decentralized so I think for no way for now to legalize all gambling. However, if you played in the casinos you can sure that all games inside that place are legalize but there are no bitcoin using on that.

[serjent05]

Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.

I believe gambling in some countries are legal, so your statement about gambling in anyform is illegal is moot.  Though we both agree that cryptos are not regulated but still if it is used in gambling following your statment will be illegal (your statement contradict each other.   @OP i think you should learn the diferent country's stance about gambling and gambling with cryptocurrency because every country have different legalities towards cryptocurrency gambling.

[dylanc]

I think it is normally legal unless the country in question explicitly sets out a law to make it illegal.

[yepaiyique2]

It depends on what country you invest in BTC!

In countries where digital currency trading is banned, there is "an illegal possibility" to invest in BTC.

The price of BTC is influenced by some countries' policies!

If BTC is legal in the world, then BTC's value and price will be maximized!

[kiloiko]

I don't think it will illegal.

If your country banned bitcoins or crypto currencies then betting inside your country with bitcoin will be considered as an illegal act,so you may be punished.But it is hard to find who is using the gambling sites using virtual proxy network,so there is no problem if you play using bitcoins even if your country banned them.

Which is right, even they (government) banned it all the way gamblers still will find their ways to keep on playing, it's really depend from the position of each countries how they interpret this system, if they totally against it, then betting using bitcoin will also be affected and will be restricted but if they
allow their people to use it possibly that they will have regulations to make it legal.

Basically it's human rights to do whatever we wanted but in government law there's some rules for you to avoid a punishment yeah the rules created in our country are to protect us - they said .... - just look at your own government rules, illegal or not it's up to your region rules. Basically no one can stop you to gamble but a punishment.

I think you misunderstood your concept here. Human rights are basically those good doings that should be done for the welfare of some other person. Also the basic necessities which someone needs a lot are also included in human rights. If every person has the freedom to do anything which he wants, it never means that he can kill someone just because he has the freedom to do anything. This means that he can do whatever he wants to do but by putting some limitations to himself in his life because government doesn’t give that much freedom.

[bitllionaire]

Gambling in any form is consider to be illegal. But since cryptos are not regulated by any government agency it is free from any accusations with regards to legality issues. Bitcoin has been use to a lot of gambling site here but none of them were restricted by the government and as long as bitcoin is decentralized no reason for it to consider illegal.

I believe gambling in some countries are legal, so your statement about gambling in anyform is illegal is moot.  Though we both agree that cryptos are not regulated but still if it is used in gambling following your statment will be illegal (your statement contradict each other.   @OP i think you should learn the diferent country's stance about gambling and gambling with cryptocurrency because every country have different legalities towards cryptocurrency gambling.

In fact it is depending on your country policy or your religion. If your country or your religion prevent you from playing gambling and it is illegal there in your religion then either you play gambling using bitcoin or fiat currency it is illegal for you. As in my country playing gambling is totally illegal either you play it using fiat or any other digital currency.

[GREATLOVE]

I don't think it will illegal.

How about if some countries make this illegal since btc is not yet legal then we can't say that this will going to become legal because as far as I know som countries bans btc.

[slapper]

I don't think it will illegal.

In my country, gambling is illegal itself, no matter what you are betting with. In the other hand, Bitcoin is not recognized as "money" in my country so that using bitcoin as a source for betting is "double illegal" (lol). By the way, it's really hard to track users from the internet, especially on blockchain so that unless you are caught hand in hand, you can hardly be punished.

[Aleister Crowley]

i think legalization in asia greatly impacts the price movement of bitcoin .. asia is one of the biggest adopters ,, and bad news about bitcoin happening in asia greatly influence ,. and for that I really expect legalization to occur in many countries in asia so as to make the price grow very quickly and unexpectedly ..
china and korea are two countries that have a great role from the fall of bitcoin prices

[ajochems]

Bitcoin gambling is not a illegal one.In United Kingdom, bitcoin gambling is legal. If you place some of your bitcoin in gambling means, you will get some if you have a luck.Most of the people in this world not aware of bitcoin till now,without the knowledge of bitcoin.They can't use it for gambling.

[Diced90]

I don't think it will illegal.

I like to think that once we get online it is a different territory which is a neutral ground, but if you want to be hard on your self then its a matter of whether gambling is allowed or not in your country, if it is acceptable then betting with bitcoin is legal .

[Stedsm]

I don't think it will illegal.

There are different stances of everyone coming from different countries. Few have reasons that are mentioned below:
- If there are laws that don't allow gambling in a country, then be it Bitcoins or Fiat, it will remain illegal there.
- In a country where gambling is legal, and if you show that you've gambled and made money through Bitcoins, and even pay taxes for the same then nothing is illegal there.

[syamster]

I think it is normally legal unless the country in question explicitly sets out a law to make it illegal.

Yes I think no country have any rule regarding betting because most of people use to gamble and they bet so I think it is neither legal nor illegal, if bitcoin will be use for betting it will case of issue like money lose and other this kid issue bitcoin is good to hold as some countries have announced bitcoin as legal currency so in those country maybe bitcoin betting would be legal, but people cannot gable and bet in casino and beer bars as it is considers as illegal places.

[Granxis]

The legality of the bet is already certain, and it is legitimate to bet and play in many european and american countries. Once you're sure Bitcoin is legal, then we should think it's legal.

[Shinpako09]

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

[gabmen]

If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.

Well a local exchange site prohibiting gambling funds from goig through doesn't really make it illegal. And if gambling online with regular money is very much allowed in most places, i don't think btc gambling will have a different acceptance. Its basically the same with.