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Author Topic: Obama signaling lifting of online gambling ban  (Read 1824 times)
Andrew Bitcoiner
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December 26, 2011, 04:10:51 AM
 #1

http://news.yahoo.com/gambling-gets-boost-obama-administration-223603445.html


In celebration of this I am rewarding 1 free bitcoin to each player that deposits 10btc or more at BitJack21, Bittleships, or BitCashLotto.

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ssaCEO
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December 26, 2011, 08:44:08 PM
 #2

http://news.yahoo.com/gambling-gets-boost-obama-administration-223603445.html


In celebration of this I am rewarding 1 free bitcoin to each player that deposits 10btc or more at BitJack21, Bittleships, or BitCashLotto.

I've got our lawyers working out whether this means we can take US deposits... it's interesting, to say the least. It definitely takes one concern out of the equation. From my reading, all that's left now is whether anything in UIGEA can be applied to Bitcoin; and it doesn't really look like it.

Jonathan Ryan Owens
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January 07, 2012, 09:25:21 PM
 #3

This is great news for US gambling interests both large and small!

With the massive growth of Macao as an asian gambling destination and a stagnating US gaming market, a wholesale shift in the interpretation of the 1961 gambling / wire laws is just what the doctor ordered.

Quite an interesting butterfly effect, where a state online lottery proposition seems to have caused a shift that has far reaching consequences worldwide.

Gamble on!

-Jonathan

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January 07, 2012, 10:59:20 PM
 #4

Oh yeah, this.
The answer from the lawyers was basically that even if Ron Paul gets elected and there are no more Federal laws, we're still completely f*cked because state laws basically only allow state lotteries to run. The exceptions being states that allow gambling, and the licensing process in NV and NJ is a lot harder and more corrupt than it is in, say, Alderney or Malta. Bottom line don't expect legalization of foreign gaming sites in the US, ever, whether or not Bitcoin's a currency. The only shot at it would be taking $250k to the nevada gaming control board, giving them a couple years to chew on it and reject it, then maybe opening up a small, legal bitcoin operation to compete with...Caesars and Bally, which by that point will have been running intrastate for two years at least.
Brought to you by the American taxpayer - supporting the right to own a gun and constantly shoot yourself in the foot.

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January 12, 2012, 07:53:52 PM
 #5

In order for Strike Sapphire to be really cool it would need to run free and open source software to help ensure legitimate gaming and also totally ignore all government laws.

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January 15, 2012, 05:57:20 PM
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In order for Strike Sapphire to be really cool it would need to run free and open source software to help ensure legitimate gaming and also totally ignore all government laws.

First of all - "help ensure legitimate gaming and also totally ignore all government laws" - is a totally absurd contradiction. How exactly can a site be legitimate if it ignores all government laws? Does that include laws like, players have a right to be paid back their winnings? Or is there some other kind of law that says they have to pay people out...and if so, why do they have to follow it?

Secondly, most casinos don't run free or open source software. The ones that do tend to look kind of shady. There's a reason for this. It's that operators who don't have the money to buy a casino platform -- or write their own -- probably don't have the money to pay out winning players, so they tend to go out of business pretty quickly and run off with everyone's cash. Like about a half dozen Bitcoin sites already have. Also, while players might want to be anonymous when they gamble, most players don't want to gamble with an anonymously owned casino. They want to know their money is safe.

It's true that if a casino's anonymously owned and running open source software, it could hide from law enforcement. But as a player, I wouldn't trust a casino like that with my money. So as the author of a huge piece of casino software, why would I support handing it out to fly-by-night operators, if I wouldn't want to play at their casinos myself?

Besides all that, there's a free way to get casino software already: Write it yourself. We spent tens of thousands of dollars in three years of development and beta testing to get our code to the level it's currently at. That's not counting about 5000 hours of my own code time and a few thousand hours more managing this business, looking for investment and putting together a company, that could have been spent surfing the internet for free software or something. But it can be done, and anyone willing to invest the time and energy can make it happen. Once you've put that much time into it, you probably won't want some anonymous operator using your software to screw over players, either.

I think the time and commitment we've put into both our casino and our software shows players that we're more trustworthy than a site that sets itself up overnight running free software. Add to that the fact that we have an extreme level of transparency built into our site, plus the fact that our average RTP has been well over 100% after bonuses for the 6 months we've been open, and I think it's hard to argue we're not "legitimate".

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January 28, 2012, 04:36:19 AM
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First of all - "help ensure legitimate gaming and also totally ignore all government laws" - is a totally absurd contradiction. How exactly can a site be legitimate if it ignores all government laws? Does that include laws like, players have a right to be paid back their winnings? Or is there some other kind of law that says they have to pay people out...and if so, why do they have to follow it?
The law of wanting to stay in business?

If casinos only pay out cause they're worried about some government coming after them, I think we wouldn't have gambling on the interwebs. 
Matthew N. Wright
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January 28, 2012, 04:40:26 AM
 #8

The law of wanting to stay in business?

That's more of a guideline than a rule...  Cool

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January 30, 2012, 01:36:11 PM
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Thank you government for allowing me to spend my own money. I owe you one.

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