Bitcoin gambling website - legal or illegal ???

Bitcoin Betting Guide

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Quote from: steadyeddie on January 12, 2015, 10:20:31 AM

Quote from: ?? on ??

... I recommend you mostly ignore them like all the best bitcoin gambling operators do. More detail here

And what exactly does the best bitcoin gambling operators do then?

Provide their services to everybody everywhere without asking for ID, just like it should be (and, unimportantly, against the law).

steadyeddie

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Quote from: ?? on ??

... I recommend you mostly ignore them like all the best bitcoin gambling operators do. More detail here

And what exactly does the best bitcoin gambling operators do then?

steadyeddie

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Onling gambling is illegal in the US, period. If someone wager value in a game of chance it is gambling. Just because it is Bitcoin doesn't mean it gets special treatment or is outside the law. You may argue that the illegal gambling act only applies to bank transfers and there are none in Bitcoin, I don't think this would hold up in a court. But I am not an expert.

robotraker

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not gonna work, it is illegal.
Besides, no body would trust you, you need online gambling license and become a trusted third party first.

boumalo

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Quote from: BitcoinSolutions.com on January 05, 2015, 04:18:39 AM

I live in USA.
I want to create a Bitcoin gambling website on my domain name WinBitcoins.com

Some simple game like...
11 people send me .1 BTC each to play.
I pick one random winner and pay out 1 BTC and keep .1 BTC

Is this considered gambling and is it legal or illegal in USA?

You would need a licence that you will not get to make it legal. A 10% fee is huge for a Bitcoin casino.

geoffreyqp

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Seems illegal. But probably wont matter unless you become really big.

Also to everybody in the thread calling him a noob and also those saying stuff about the game... Thats not what he was asking.

Who says he wouldnt use escrow and find a provably fair system. Also the example game was just an example.

The fact that he is asking if its legal or not before even starting, says something.

So many scammer police here

Chemistry1988

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I have no idea about that, but seriously you shouldn't ask for legal advice here on bitcointalk.
You don't know if those giving you advice and suggestions are professionals or are just making some wild guesses.

sase007

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Cant you just create webside outside US and operate there?

finlon

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Quote from: elephantas1 on January 06, 2015, 02:00:08 PM

Quote from: sase007 on January 06, 2015, 01:54:10 PM

Quote from: elephantas1 on January 06, 2015, 01:49:40 PM

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

oh... it is not a problem if you live in the Czech Republic. In fact, we dont have to pay taxes(it is up to you, you may pay them, if you wish), if paying with bitcoin.
Bitcoin is not considered as currency, so exchanging or paying(and receiving payment) with them is not a problem .

yeah in my country there is the same strategy Cheesy

i think only usa people have problems with it

Sites are still allowed to operate in US, just that you shouldn't be there.
As long as this happens you would be safe.

ComboChris

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Quote from: elephantas1 on January 06, 2015, 01:46:15 PM

Quote from: toddtervy on January 06, 2015, 01:07:06 PM

Bitcoin isn't dollars, so I think it's legal. Good luck shutting all the sites down anyway.

isnt bitcoin is legal currency in usa which doesnt allow to create casinos without licence with it?

I'm not sure about US law in specific, but in most legislations, it doesn't matter whether bitcoin is a legal currency since you could sell it for dollars. With your logic, you could say Casino Jetons are not a legal currency therefore none of the IRL casinos need a license. In most legislations you could gamble with any random item and it would still be illegal which also does make sense from the legislator's view since the fact that somebody is gambling really has nothing to do with whether they are using a legal currency or not

toddtervy

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Quote from: elephantas1 on January 06, 2015, 01:46:15 PM

Quote from: toddtervy on January 06, 2015, 01:07:06 PM

Bitcoin isn't dollars, so I think it's legal. Good luck shutting all the sites down anyway.

isnt bitcoin is legal currency in usa which doesnt allow to create casinos without licence with it?

I don't believe it is, there's nothing you can use it to buy with. Maybe each casino can make their own 'play' money to exchange your BTC with also if that's a problem.

NUFCrichard

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Quote from: sase007 on January 06, 2015, 02:03:05 PM

Quote from: elephantas1 on January 06, 2015, 02:00:08 PM

Quote from: sase007 on January 06, 2015, 01:54:10 PM

Quote from: elephantas1 on January 06, 2015, 01:49:40 PM

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

oh... it is not a problem if you live in the Czech Republic. In fact, we dont have to pay taxes(it is up to you, you may pay them, if you wish), if paying with bitcoin.
Bitcoin is not considered as currency, so exchanging or paying(and receiving payment) with them is not a problem .

yeah in my country there is the same strategy Cheesy

i think only usa people have problems with it

I do think so too... the main problem there is the goverment - they dont people to have money in other currency, because of $. And btc is also helping drug dealers etc. to anonymise their bussinesses.

But surely you can't use tokens to get around all gambling laws, otherwise casinos wouldn't need licences because people bet chips, not money, in them.

sase007

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Quote from: elephantas1 on January 06, 2015, 02:00:08 PM

Quote from: sase007 on January 06, 2015, 01:54:10 PM

Quote from: elephantas1 on January 06, 2015, 01:49:40 PM

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

oh... it is not a problem if you live in the Czech Republic. In fact, we dont have to pay taxes(it is up to you, you may pay them, if you wish), if paying with bitcoin.
Bitcoin is not considered as currency, so exchanging or paying(and receiving payment) with them is not a problem .

yeah in my country there is the same strategy Cheesy

i think only usa people have problems with it

I do think so too... the main problem there is the goverment - they dont people to have money in other currency, because of $. And btc is also helping drug dealers etc. to anonymise their bussinesses.

elephantas1

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Activity: 378

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Quote from: sase007 on January 06, 2015, 01:54:10 PM

Quote from: elephantas1 on January 06, 2015, 01:49:40 PM

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

oh... it is not a problem if you live in the Czech Republic. In fact, we dont have to pay taxes(it is up to you, you may pay them, if you wish), if paying with bitcoin.
Bitcoin is not considered as currency, so exchanging or paying(and receiving payment) with them is not a problem .

yeah in my country there is the same strategy Cheesy

i think only usa people have problems with it

sase007

sr. member

Activity: 364

Merit: 250

Quote from: elephantas1 on January 06, 2015, 01:49:40 PM

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

oh... it is not a problem if you live in the Czech Republic. In fact, we dont have to pay taxes(it is up to you, you may pay them, if you wish), if paying with bitcoin.
Bitcoin is not considered as currency, so exchanging or paying(and receiving payment) with them is not a problem .

elephantas1

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Activity: 378

Merit: 250

Quote from: sase007 on January 06, 2015, 01:47:20 PM

If you dont scam them then it is ok, I guess

the point is that he talks about usa which i guess is the only country where people have problems with their bitcoin businesses

sase007

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Activity: 364

Merit: 250

If you dont scam them then it is ok, I guess

elephantas1

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Activity: 378

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Quote from: toddtervy on January 06, 2015, 01:07:06 PM

Bitcoin isn't dollars, so I think it's legal. Good luck shutting all the sites down anyway.

isnt bitcoin is legal currency in usa which doesnt allow to create casinos without licence with it?

toddtervy

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Bitcoin isn't dollars, so I think it's legal. Good luck shutting all the sites down anyway.

elephantas1

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Quote from: aurel57 on January 06, 2015, 11:33:08 AM

The only way I see this working is escrow with a independent way to pick the winner that no way you could controll. I also think it would be better to have smaller buy in with a tier payout of maybe 3-5.

still no one would participate in such lottery as it has clear 10% house edge which is really impressive these days

Topic: Bitcoin gambling website - legal or illegal ??? (Read 2067 times)