Will Bitcoins legalize online gambling in the United States

Discussion in 'General Mobile Betting Discussion' started by Sebastian, Sep 25, 2013.

  1. Sebastian

    Sebastian Administrator Staff Member

    Newsweek recently ran an interesting article asking whether Bitcoin would make online poker, sports betting and casino gambling legal in the United States. A new poker room called Infiniti Poker have started accepting real money players from the United States who would like to fund their accounts using Bitcoins. Since Bitcoin users won't be using any United States banks, many believe that the operators or players won't doing anything illegal or wrong.

    Now that Bitcoin poker rooms are starting to come on stream for United States players, surely it's only a matter of time before some U.S. friendly Bitcoin sportsbooks and casinos begin to appear.
  2. Dice Man

    Dice Man Member

    The value of Bitcoin has really been affected since the Silk Road drugs market was closed by the FBI. I wonder will this put off U.S. gamblers who won't want to see the value of their deposits fluctuate.
  3. Sebastian

    Sebastian Administrator Staff Member

    I think fluctuations in Bitcoin value is always going to be a problem. Real money gamers will always opt to trade in regular currency given the choice, but unfortunately in the United States there are very few options for real money mobile poker or casino players. Until this situation is fixed we may say more of these Bitcoin only sites appearing to cater for U.S. players who are unable or do not want to risk funding their accounts using Visa or Mastercard.
  4. Fan Boy

    Fan Boy Member

    I live in the United States and now play real money poker on my Samsung Galaxy Tab at the Seals With Clubs online poker room and there is absolutely nothing that the US authorities can do about it. I deposit fund using bitcoin, which is completely anonymous and the poker room do not have any of my personal information either. To open an account all I did was create a username.

    As more and more internet gambling sites begin processing bitcoin payments, existing anti-gamblng laws in the US will become more and redundant and ludicrous.
  5. Sebastian

    Sebastian Administrator Staff Member

    Does anyone know of a real money Bitcoin poker app for either an iPhone or iPad device?
  6. Fan Boy

    Fan Boy Member

    Yes, I think SwitchPoker now allow you to make withdrawals or deposits using the Bitcoin virtual currency.
  7. Sebastian

    Sebastian Administrator Staff Member

    BetOnline have become the first US facing bookmaker to add the Bitcoin crypto-currency as a payment option. If you live in the USA and you want to place a sports bet from the BetOnline website or mobile apps, you can now opt to deposit money or take out your winnings using Bitcoin. Here's more info on their app and how to install it http://www.iphonebettingapps.com/betonline-mobile-us.html
  8. Sebastian

    Sebastian Administrator Staff Member

    This CloudBet bitcoin sports betting app is probably the best bookmaker app available today. It accepts USA sports bettors and has a crazy high bet limit of 200 Bitcoin on the NFL and English Premier League soccer.
  9. seamus

    seamus Member

    The BetCoin bookmaker app looks pretty good too but I think CloudBet have a wider range of betting markets and offer better betting odds.
  10. Sebastian

    Sebastian Administrator Staff Member

    A growing number of US friendly betting sites and poker rooms now accept bitcoin. Both Americas Cardroom and BetOnline now welcome bitcoin gamblers. It far easier for these offshore gambling sites to play their players with bitcoin than via bank wires or cheques.
  11. Sebastian

    Sebastian Administrator Staff Member

    It appears that the FanDuel and DraftKings have run into new problems following the announcement of their payment processor that they will cease working with fantasy gambling operators due to increased legal heat surrounding the companions. Many are wondering now whether Draft Kings and Fan Duel will follow WikiLeaks lead and start accepting bitcoin instead.
  12. rocky dennis

    rocky dennis New Member

  13. Sebastian

    Sebastian Administrator Staff Member

    The good news is Bovada do not charge for deposits and withdrawals made with BTC so U.S. sports bettors save between 5% and 6%.
  14. I've noticed that my BTM's in the U.S. now ask for a scanned copy of your ID before you can purchase bitcoin. Is this so they can track and stop US citizens using BTC for gambling?
  15. I don't think bitcoin would be so accepted by others. Fluctuation of its value is a big factor sometimes it's high sometime its low. The only good thing to use bitcoin at casino is it's much faster to transact than any other payment system in the market.
  16. Sebastian

    Sebastian Administrator Staff Member

  17. Sebastian

    Sebastian Administrator Staff Member

    The Russian government is currently drawing up legislation that would ban online gambling sites in Russia. What they don't seem to realise is that bitcoin can circumvent this type of legislation.
  18. The Blues

    The Blues New Member

    Do any UK bookmakers accept bitcoin yet?
  19. Ana

    Ana Member

    I do not think so.
  20. Music

    Music New Member

    It also seems to me too unlikely

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