astr0train (OP)
Newbie
 Offline
Activity: 9
Merit: 0
|
 |
January 02, 2014, 04:59:39 AM |
|
Hi all,
Just wondering if anyone can shed some light on the subject of Bitcoin gambling sites.
Specifically, does anyone know (definitively):
a) Whether or not it is legal to offer gambling or wagering (ie: Poker) services to American citizens where Bitcoin (not USD) is used exclusively.
b) Whether or not a gambling licence is needed to host and operate the service from Australia (.au) ?
c) Where is best to host a gambling website offshore if not Australia? I have heard Costa Rica doesn't require a licence to operate a gambling site but that it's difficult to find a reputable and reliable hosting service there...
d) Where is Satoshidice hosted, how about the other bitcoin gambling sites? If I traceroute satoshidice.com them the firewall doesn't allow me to find the hosting service..
Thanks
|
|
|
|
|
|
|
|
|
|
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
astr0train (OP)
Newbie
Offline
Activity: 9
Merit: 0
|
|
January 02, 2014, 10:24:56 PM |
|
Thanks - seems like Costa Rica is the place to go. |
|
|
|
|
|
2bfree
|
|
January 08, 2014, 08:55:06 AM |
|
America is home of the free where you are free to play poker online. Got to love all that great freedom.
|
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ >>FREE SEO AUDIT/WHITE LABEL MAKE MONEY!<<▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ |
|
|
Mark Stazzo
Newbie
Offline
Activity: 26
Merit: 0
|
|
January 08, 2014, 10:36:45 AM |
|
I don't know about American laws, however I think it is legal.
You can use poker chips (or anything) to play, why not to use bitcoins?
|
|
|
|
|
|
WompRat
|
|
January 08, 2014, 01:35:33 PM |
|
I think legal is open to interpretation and I would suspect that if any of the Bitcoin poker sites such as sealswithclubs became big enough then the Unlawful Internet Gaming Enforcement Act (UIGEA) would be amended to specifically include Bitcoin. If you were to operate a poker site I would forever rule out traveling to the US and preferably choose to live somewhere with lax extradition laws.
|
|
|
|
|
giantdragon
Legendary
Offline
Activity: 1582
Merit: 1002
|
|
January 08, 2014, 05:20:26 PM |
|
If you were to operate a poker site I would forever rule out traveling to the US and preferably choose to live somewhere with lax extradition laws.
I would say avoid all U.S. allies (Canada, Australia, UK, New Zealand etc). |
|
|
|
|
Phoen1x
Newbie
Offline
Activity: 15
Merit: 0
|
|
January 09, 2014, 12:10:23 AM |
|
tl;dr - the US is against gambling and will likely interpret the UIGEA in a way that permits enforcement irrespective of bitcoin's novel peer to peer nature.
OK, long version below:
Please correct me if I am wrong, but my understanding is that the legality of BTC gambling is, unsurprisingly, a bit of a gray area.
In a nutshell, the UIGEA does not prohibit gambling, rather it prohibits financial institutions from processing gambling transactions (ie banks and credit card companies face fines if they process gambling transactions). Applying bitcoins to this admittedly very high level legal framework posits an interesting outcome. Because BTC is peer to peer, there is no central authority or financial institution, which seemingly circumvents the UIGEA.
PROFIT!
Well, maybe not.
If you were the owner of said casino, you probably wouldn't utilize bitcoin in a true peer to peer fashion. Instead, you would want to take a cut, which would require you to take BTC in and pay BTC out. Making you a 3rd party. Stated another way, you would be processing BTC gambling transactions. This processing, while admittedly tenuous since you're not an official financial institution, is likely enough to subject you to the UIGEA, albeit in a way that violates the spirit, if not the exact letter of the law. It should also be noted that this processing of bitcoins from one party to another could also subject you to the ridiculous Money Transmitter Laws as well, thanks to FinCEN's guidance.
One novel approach could be to attack the definition of gambling itself and apply bitcoin to games that are not based on chance. Chess is one example of this. I believe that one guy does this already (gambit.com?), but there could be others as well.
|
|
|
|
|
Mageant
Legendary
Offline
Activity: 1145
Merit: 1001
|
|
January 09, 2014, 04:14:53 PM |
|
Is it possible to get a gambling sublicense?
|
cjgames.com
|
|
|
Phoen1x
Newbie
Offline
Activity: 15
Merit: 0
|
|
January 09, 2014, 06:48:09 PM |
|
Sublicense? Like at the state level, or for some other jurisdiction?
|
|
|
|
|
Mageant
Legendary
Offline
Activity: 1145
Merit: 1001
|
|
January 09, 2014, 09:40:06 PM
Last edit: January 10, 2014, 11:56:30 AM by Mageant |
|
Sublicense? Like at the state level, or for some other jurisdiction?
For the country I would host a gambling website in. I just found out in Curacao you can actually get that. |
cjgames.com
|
|
|
Phoen1x
Newbie
Offline
Activity: 15
Merit: 0
|
|
January 09, 2014, 10:22:00 PM |
|
That very well could be. Unfortunately, I am unfamiliar with the best / most legal countries from which to open a bitcoin gambling site. Rather, I was just giving my opinion on the legality of transacting in bitcoin with US customers for games of chance.
|
|
|
|
|
|
auswalk
|
|
July 19, 2016, 09:09:19 AM |
|
Ok this is a pinhead topic. Don't host it in the US. OBVIOUSLY. SAME WITH CANADA B/C THEY JUST FOLLOW US ORDERS.
Get the fuck offshore I mean to europe. Central / south america are shitshows. You can't have your stuff down there, I'm hosting in france, told them the deal, and I could be less worried. Should be a fast connection etc. I'll just ssh/vpn tunnel into my hot wallet occasionally to xfer funds from my home base cold wallet if need be.
|
|
|
|
|
|
Universat
|
|
September 12, 2016, 04:36:26 AM |
|
bitcoin gambling site depending on the law of a state, if gambling is legal in a country or in a religion then you can own it but if there is no law about this then you cannot own a gambling site, for example in 'Pakistan as gambling is strongly forbiden therefore one cannot run a casino, he even cannot own a online gambling site.
|
|
|
|
|
Sharma
Legendary
Offline
Activity: 1092
Merit: 1000
GATCOIN : The New Currency Of Digital Marketing
|
|
September 13, 2016, 07:41:22 PM |
|
Hi all,
Just wondering if anyone can shed some light on the subject of Bitcoin gambling sites.
Specifically, does anyone know (definitively):
a) Whether or not it is legal to offer gambling or wagering (ie: Poker) services to American citizens where Bitcoin (not USD) is used exclusively.
b) Whether or not a gambling licence is needed to host and operate the service from Australia (.au) ?
c) Where is best to host a gambling website offshore if not Australia? I have heard Costa Rica doesn't require a licence to operate a gambling site but that it's difficult to find a reputable and reliable hosting service there...
d) Where is Satoshidice hosted, how about the other bitcoin gambling sites? If I traceroute satoshidice.com them the firewall doesn't allow me to find the hosting service..
Thanks
I think you can find most relevant answers to your queries by doing a small google search.There are some good sources of bitcoin related articles and tutorials outside of this forum also |
|
|
|
veleten
Legendary
Offline
Activity: 2016
Merit: 1106
|
|
October 25, 2016, 04:28:22 PM |
|
I know that Primedice,one of the oldest and largest bitcoin dice gambling sites,doesn't allow deposits from the US or Australian geolocation (determined by the customers IP)
so they avoid any possible legal issues
doesn't mean that you cannot run a bitcoin casino in the US,you have to search for yourself,probably,consult a lawyer
|
|
|
|
|
