How will the possible ban on internet gambling in the US affect Bitcoin?

[Dreamchaser21]

Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.

Those who are addict in gambling will always find their time to play so I think this will not affect the market literally, and of course you can travel in other places and play online if you really want to. Turning gambling online illegal is a big move for U.S, maybe they are promoting more the traditional casinos or there is something else that triggers the government to do this.

[swogerino]

People will continue to play and use all kind of anonymous tools to play undisturbed. Tor as far as I know is legal to use in the USA. Then can send the coins to the mixer to withdraw the coins. So the ban in gambling should not provide any problems in the Usa. My country has done the same yet I am playing in sportsbet and even in fiat casinos with some privacy tools.

[Naida_BR]

By now most people have heard about this, https://www.bloomberg.com/news/articles/2019-01-15/u-s-now-says-all-online-gambling-illegal-not-just-sports-bets.

We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.

Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.

Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?

Let's discuss. 

I think we need a market analysis to understand if there will be any losses and what would be the effect of this action on bitcoin. I don't know how many people gamble online in the US and what is the portion of them based on the total online casino gamblers. I don't like this idea of making online gambling illegal but maybe it is a regulation in order to tackle black markets and untaxed incomes.

[Betwrong]

This is interesting. Up until today I have been thinking that online gambling was illegal in the US except in Nevada, Delaware, Pennsylvania and New Jersey. I thought players from the US I was talking to on gambling sites were using VPN to avoid the restrictions.

Anyway, regarding the impact on Crypto currency prices, I don't think there will be a big one, if any, because the cryptocurrency based gambling sector is very small(less than 10%) compared to overall online gambling.

[crzy]

By now most people have heard about this, https://www.bloomberg.com/news/articles/2019-01-15/u-s-now-says-all-online-gambling-illegal-not-just-sports-bets.

We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.

Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.

Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?

Let's discuss. 

I think we need a market analysis to understand if there will be any losses and what would be the effect of this action on bitcoin. I don't know how many people gamble online in the US and what is the portion of them based on the total online casino gamblers. I don't like this idea of making online gambling illegal but maybe it is a regulation in order to tackle black markets and untaxed incomes.

You need more effort if you will analyze the potential effect of this one. The market is still the same right now so i don’t think there’s a major impact on cryptomarket. Well, US government have a valid reaon to do this and for sure it is for the benefit of their citizen and to protect the gambler from being scammed online.

[playboy654]

Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.

This thought will came to all the Gamblers mind but the fact is there is no possibility of affecting the anything in the other field while gambling was fast being a threat to understand it will still going to be more higher than before so you cannot able to say like that.

[rodel caling]

Incase online gambling totally ban by the united staes government I think it will be continue to operate via underground sectret operations  because there no one can control the power of internet.

[crwth]

By now most people have heard about this, https://www.bloomberg.com/news/articles/2019-01-15/u-s-now-says-all-online-gambling-illegal-not-just-sports-bets.

Thanks for sharing this! This is quite a news, expanding to ban all online gambling. All the gambling sites now would have a hard time to make things legal, assuming they are illegal at the start or something like that. Anyways, nothing in the article specifically states cryptocurrency casinos but it's most likely to be included.

Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?

Firstly, for the legal operations to move underground, I don't think they will, maybe they would just move to a location where it's legal to operate. If a site goes underground, how do they make sure that their former players will still play? It would be hard for the owner to "announce" something like that.

As cryptocurrency prices go, a lot of people are probably buying just to gamble and in my opinion, there is an impact, but not that much. I think gamblers play doesn't lose at the same time to Buy Bitcoin, it's not that strong to start a pump.

I'm not that familiar with the dark web but I guess if there are certain gambling operations there happening, maybe they could move there and somehow allow themselves to operate there. I don't know about that one.

[milewilda]

Do you think legal operations will close their doors and move underground?
It can be banned but not completely be wiped out.

Do you think it will only have a limited impact on Crypto currency prices?
Not at all even we do say lots of US crypto gamblers.There are some various ways you can play without being traced up.

Will these operations move to countries that allow online gambling?
With crypto then you can anytime do such thing.

Will online gambling evolve into illegal sites on the Darkweb?
Depends on their decision, either they would completely stop nor continue the business on possible ways.

[STT]

First Ive heard of it, thats a big negative but I dont think its the end story.   I could have sworn the US government was becoming more open to the idea of gambling as a source of tax revenue, in many countries the business operation for gambling is setup in a special way where revenue has a cut given over to support tax revenues and so its seen as valuable support in recessions etc.

To exclude technology as a development in gambling or any industry is kinda short sighted.  I have to assume this is just one twist in a longer story tbh

[Indrawan77]

I think it will have impact, but I don't think it's going to be a big impact, usually if the case like this happened the site will move to the country that allowed online gambling operations, and there are a lot of ways to keep on doing online gambling although the government ban or forbid it, so don't worry about the news, in some country where gambling is prohibited, we still can see some gambler playing in certain gambling site

[ethereumhunter]

Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.

Those who are addict in gambling will always find their time to play so I think this will not affect the market literally, and of course you can travel in other places and play online if you really want to. Turning gambling online illegal is a big move for U.S, maybe they are promoting more the traditional casinos or there is something else that triggers the government to do this.

Yes, of course. That is why I don't think that the US government will turn gamble online become illegal because they will lose a big tax from gambling business itself. I think they realize about this and I don't think they will not do that. As long as they can get a bigger tax for their country especially it could increase their income in the gambling section, they will still allow gambling online, but maybe they will make some changes about the rule.

[Ucy]

Are there plans to ban it? I doubt this is can work unless they ban it global. I guess the numerous gambling sites will move to somewhere else.
I never knew gambling has such impact on the Bitcoin until I started visiting this section.

It seems such news does not have positive or negative effects on the price of cryptocurrency anymore. It's no longer natural movement.

[romero121]

As everything happens online, automatically if they didn't get support they'll move to countries that have got gambling under legal jurisdiction. Gambling being one of the major industry contributing to a big scale growth in the earlier days in terms of price as well circulation will affect the price if online gambling access is limited on countries like USA. Because when the circulation gets lowered automatically the price fall happen.

[Oceat]

People will continue to play and use all kind of anonymous tools to play undisturbed. Tor as far as I know is legal to use in the USA. Then can send the coins to the mixer to withdraw the coins. So the ban in gambling should not provide any problems in the Usa. My country has done the same yet I am playing in sportsbet and even in fiat casinos with some privacy tools.

I think it's time for the USA to make another new regulation if they intend to ban any online gambling in their country. People will really use a tool to not disturb their habitually routine. If they were just going to ban it because the competition is getting complex then i don't know what's the worst thing to happens next.

[PeRo]

That would be a pretty bad situation for Bitcoin and other cryptocurrencies. A big amount of online gamblers are from the US and as the cryptocurrency adoption on online casinos is rising every day, Bitcoin could lose a lot of users and Bitcoin casinos could lose a lot of profit and users.

[Oilacris]

Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.

I don't think the government can stop internet gambling in their country, people could just use any private network such as ToR if they want to bypass the crypto banning in gambling.
It's just about time the US government should make call to change or implement such rules to their people so that won't have any problem in the future.

[iqlimasyadiqa]

gambling is one of the big markets in the digital currency world. when there is a ban on gambling in the US it will have a major impact on the circulation of digital currencies. as we know that online gambling now the majority have started to apply digital currency in the game system. Digital currency is used because it has many advantages and benefits. we are all in the digitalization era so we really need digital currency as a medium of financial transactions that is safe, easy and has high flexibility.

[BitBustah]

United States government just wants to ban the casinos that don't pay tax.  They really don't care about the moral ground, they only care about collecting tax revenue.  I'm sure this will boost the use of crypto in the US.

[markdario112616]

Minimal damage, I think. Since we are in a technological advancement era, VPN could easily be a solution to this problem. Nonetheless, the gambler itself is not aware of the existence of a such tool/s, That I think will start or be the problem. Also, let's also put into consideration the numbers of Online gamblers (Crypto) in the US, if the numbers are valuable then it would be disturbing, but to ratio it against other countries I think the distribution will still be the same.