Safe Port Act (Online Gambling in the US)

[cacba]

Arent bitcoins the ideal way of transferring money to/from online gambling websites as they are anonymous, which avoids the safe port act entirely.

If the bitcoin exchanges work then the US$ <-> bitcoin is easy. All that is left is a gambling website that accepts bitcoins.

Why doesnt this exist?

[D҉ataWraith]

See http://bitcointalk.org/index.php?topic=156.0

[cacba]

Hmm, it does exist but no poker. No explicit odds.

Though it is interesting, its surprising that it isnt tied into an exchange from US <-> Bitcoin.

[Insti]

Arent bitcoins the ideal way of transferring money to/from online gambling websites as they are anonymous, which avoids the safe port act entirely.

I suspect they are not as anonymous as you think they are.

[Anonymous]

I wouldnt rely on what the "law" says.You are dealing with the mafia......

[cacba]

I suspect they are not as anonymous as you think they are.

They = bitcoins

[Babylon]

wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

[FreeMoney]

I am very interested in playing Texas Hold'em for BitCoins. I don't know how I can help, I'm not much of a programer, but I would consult for free on the gameplay side of things. Maybe even put up some seed money. And I would definitely play some poker.

[RHorning]

wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

E-gold may have had a fine imposed, but they are still in operation.  I don't know how effectively they are working at the moment, but they aren't out of business yet.

[Babylon]

wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

E-gold may have had a fine imposed, but they are still in operation.  I don't know how effectively they are working at the moment, but they aren't out of business yet.

Point being that any links between the exchanges and gambling sites is probably a bad idea.

[FreeMoney]

Lots of small exchanges might be the ultimate equilibrium. Sure they can spend 4months and $3M to hunt down and harass someone who is exchanging $2k/day. But if there are 528 more all around the world they might not even bother stopping the first one.

[imnichol]

I am very interested in playing Texas Hold'em for BitCoins. I don't know how I can help, I'm not much of a programer, but I would consult for free on the gameplay side of things. Maybe even put up some seed money. And I would definitely play some poker.

http://bitcointalk.org/index.php?topic=80.0
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