How long until BTC gambling sites are shut down?

[oxxymoronn]

Hey folks,

As we can all see, the BTC gambling sector seems to be doing quite well. For the time being we seem to be operating within a grey zone as crypto currencies are yet to be categorized in the same way as cash.

How long do you think it will be before crypto gambling sites are forced to operate through the same restrictions?

[aeddan1]

They'll just move to alt coins or some other alternative currency.

[Remember remember the 5th of November]

They'll just move to alt coins or some other alternative currency.

Crypto-currency regulation would mean ANY crypto-currency. But I think gambling sites will just hide behind TOR, they don't handle fiat, so they don't need bank accounts.

[cr1776]

It depends on the jurisdiction.  If it is in the US or other location that is controlling regarding gambling, I don't think they'll last long.  If they are located where gambling is legal, then they probably will last quite a long time, particularly if they attempt to block (yeah, right) people from the US etc. 

The US has shot itself in the foot with regard to its nanny-state attitude regarding gambling. 

[Ricke]

As long

• someone converts cash to Crypto
• someone converts Crypto to cash
• Crypto transaction have still either a certain degree of anonymity or legality
• someone is able to lead a gambling site either anonymously or legally

gambling sites will exists.

[miaviator]

It depends on the jurisdiction.  If it is in the US or other location that is controlling regarding gambling, I don't think they'll last long.  If they are located where gambling is legal, then they probably will last quite a long time, particularly if they attempt to block (yeah, right) people from the US etc. 

The US has shot itself in the foot with regard to its nanny-state attitude regarding gambling. 

Is it illegal to operate a gaming site that does not use "money?" 

I would think all the apps and non "money" gaming sites that exist today would have to be regulated the same unless someone decided to define crypto-currency as something in the US.

[TheJacob]

I don't think it matters the sites let you gamble in BTC. They will probably start getting their domains seized and stuff soon.

[QuestionAuthority]

http://webspace.ship.edu/jacamp/psyberpsych/gambling/page3.html

Globally, over eighty countries have legalized online gambling. Great Britain is the first large government to allow online casinos to operate on their soils, and stand to gain a large amount in their regulation and taxation (Nelson 2007). Shortly after the U.S. passed the Gambling Enforcement Act, a conference was held with delegates from 30 countries looking to implement a uniform Online Gambling policy. The U.S. failed to send a representative (Nelson 2007).

One problem with legislating against online gambling is the sheer difficulty in controlling what goes on the Internet (Hamilton 2008). The Internet is an incredibly massive entity consisting of millions of smaller entities. One of the problems with this is the question of jurisdiction. Who controls the internet? In effect, this bill implies the ability of the U.S. government and banks to monitor and determine the legality of any and all activity on the Internet (Nelson 2007). Who has the right to determine what is or isn’t appropriate for the internet? Explore the links below for a brief commentary on these questions.

[XBBlade]

As always the law is way behind technique. Since there are many gambling sites with normal $ I don't expect them to be closed soon.

[oxxymoronn]

Some really interesting points here. I wonder if ultimately it will come down to the types of revenue moving through crypto gambling sites.
Perhaps they will let it continue until it hits a certain threshold and slap down the FTC hammer?

[Ecurb123]

I of course don't know how long it will be but I have a feeling they will be left alone for a long time, likely years.

[empoweoqwj]

If they don't accept customers from the States (particularly New York), and exist in a gambling-friendly jurisdiction, there is nothing that can be done to take them down.

Look at the web now. There are thousands of gambling sites online that deal with fiat. If you can't shut them down, how can you shut down bitcoin gambling sites. No chance.

[cr1776]

I don't think it matters the sites let you gamble in BTC. They will probably start getting their domains seized and stuff soon.

If the domains are seized they'll just either move to one outside US control/influence or to TOR. It is too bad too, the US is frittering away its lead in many areas. Although after the NSA scandal, perhaps that is a positive for the world if not the US

[beetcoin]

I don't think it matters the sites let you gamble in BTC. They will probably start getting their domains seized and stuff soon.

If the domains are seized they'll just either move to one outside US control/influence or to TOR. It is too bad too, the US is frittering away its lead in many areas. Although after the NSA scandal, perhaps that is a positive for the world if not the US

yeah, the U.S. doesn't completely control every country in the world, though it sometimes seems like that. they'd either move their sites to the darkweb or go to some safehaven country.

[luv2drnkbr]

Then they move to an onion site and resume.

[empoweoqwj]

Then they move to an onion site and resume.

I'm not quite sure why everyone says gambling sites need to move to Tor / .onion.

There are thousands of gambling sites running quite legally on the normal web. Nobody has taken these down. Nobody is going to take down bitcoin-based gambling sites if they are hosted in a gambling-friendly country.

[DeathAndTaxes]

Then they move to an onion site and resume.

I'm not quite sure why everyone says gambling sites need to move to Tor / .onion.

There are thousands of gambling sites running quite legally on the normal web. Nobody has taken these down. Nobody is going to take down bitcoin-based gambling sites if they are hosted in a gambling-friendly country.

Some may but excluding US players requires identifying your customers.  Think that is going to be popular with bitcoin players.   Also being in a gambling friendly country is not a magic bullet if you let US players play, just ask Full Tilt Poker (google poker black friday).

[Serge]

until someone comes up with decentralized gambling engine allowing people play games P2P safely in privacy behind encryption using their preferred digital currency. what's then?

[flexgroo]

hmm and to think i am was thinking about signing this contract to start a btc online casino in jan, just want to make sure it can make some money

[fancy_pants]

until someone comes up with decentralized gambling engine allowing people play games P2P safely in privacy behind encryption using their preferred digital currency. what's then?

I wonder if anyone has thought about how to do a Mastercoin dice game yet.