Just wanted to add this as the question/poll isn't right.
The question isn't "are bitcoin gambling sites illegal" but whether any are fully compliant with gambling legislation across relevant territories. There is nothing inherently illegal about running a gambling site which accepts or pays out in Bitcoin AFAIK.
And it is a genuine question because for all I know there may be one or more legal ones. I'd be very surprised if some aren't in the process of being made legal.
Indeed, I know for a fact that certain well known people in the gambling world have a strong and active interest in Bitcoin, I just don't know what they are up to.
(thanks for the correction Viceroy)
Topic: Are there any fully registered (legal) bitcoin gambling sites? (Read 2849 times)
Wikipedia says:
Quote
On April 15, 2011, in U. S. v. Scheinberg et al. (10 Cr. 336), three online poker companies were indicted for violating U.S. laws that prohibit the acceptance of any financial instrument in connection with unlawful Internet gambling,[31][32] that is, Internet gambling that involves a "bet or wager" that is illegal under the laws of the state where the bet is made.
Hold on, I didn't defend TF, I just said that the attacks I saw seemed personal and with dubious merit. Just to be clear!
As for bitcoin gambling sites, it's about jurisidiction, both where they can be played and where they are hosted. I've worked in gambling so am aware of some of the problem areas.
For a bitcoin site to be legal it's going to depend upon them complying with the relevant rules, which include determining whether it is gambling, skill based gaming, and so on.
If it is gambling, regardless of where you are then I believe you need to do full KYC to avoid dealing with US customers. I could be wrong on this now so please correct me if so. Gambling is a big topic full of little details and often changing and I make no claim to being an expert.
Territories where most gambling companies are hosted take international gambling restrictions extremely seriously, while if you're based in e.g. the UK then there are very strict rules to comply with. I even think I remember our client's servers & software had to be examined and certified to make sure it complied with the rules.
The fact that the gambling is in Bitcoin is irrelevant. That's not an argument that will hold any water.
As for bitcoin gambling sites, it's about jurisidiction, both where they can be played and where they are hosted. I've worked in gambling so am aware of some of the problem areas.
For a bitcoin site to be legal it's going to depend upon them complying with the relevant rules, which include determining whether it is gambling, skill based gaming, and so on.
If it is gambling, regardless of where you are then I believe you need to do full KYC to avoid dealing with US customers. I could be wrong on this now so please correct me if so. Gambling is a big topic full of little details and often changing and I make no claim to being an expert.
Territories where most gambling companies are hosted take international gambling restrictions extremely seriously, while if you're based in e.g. the UK then there are very strict rules to comply with. I even think I remember our client's servers & software had to be examined and certified to make sure it complied with the rules.
The fact that the gambling is in Bitcoin is irrelevant. That's not an argument that will hold any water.
Maybe some of those hosted overseas are legit, but that is a big grey area.
A defender of TF poster questioned if any gambling sites were legal. I say they are all illegitimate, are there any legitimate ones?
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