Gambling Site Life Span - page 2. | Bitcointalksearch.org

coingamblingreviews

legendary

Activity: 1043

Merit: 1032

★Bitcoin Gambling Reviews★

Quote from: Dondie on October 14, 2014, 06:27:40 AM

Quote from: m19 on October 14, 2014, 06:23:05 AM

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Who will regulate these bitcoin betting sites? What if I operate my site not from the states but from something like Panama or Cuba..

I would be interested to see what would happen if more sites did get registered in panama or other places... I don't believe there is a requirement in any location for a Bitcoin gambling license yet?

addi

hero member

Activity: 626

Merit: 500

https://satoshibet.com

Quote from: MaryKris on October 15, 2014, 06:10:15 AM

What about Satoshi Dice? What happen to them? Dooglus owned that one right?

Voorhees owned that one, sold for a bunch of money to a rich gambling mogul. New owner redesigned the whole thing and introduced retarded shenanigans such as "spirit mood", new design also brought major outages and hickups, site went downhill from there.

If you mean just-dice, invested amounts were getting kind of ridiculous to carry responsibility for as a lone developer, definitely when regulation is heating up in Canada, so he closed it down gracefully.

panju1

legendary

Activity: 1246

Merit: 1000

I guess if you guard against fraud and theft, you should do okay.
Most gambling sites close down after somebody scams the owners/ investors.

MaryKris

member

Activity: 109

Merit: 10

What about Satoshi Dice? What happen to them? Dooglus owned that one right?

Coef

hero member

Activity: 882

Merit: 1000

Exhausted

Quote from: gordoh on October 14, 2014, 06:29:37 AM

Quote from: Dondie on October 14, 2014, 06:27:40 AM

Quote from: m19 on October 14, 2014, 06:23:05 AM

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Who will regulate these bitcoin betting sites? What if I operate my site not from the states but from something like Panama or Cuba..

That's a good point. There is no real way that people can regulate a Gambling site from those countries. But how many customers are you going to get compared to a regulated gambling site from the US? Most people would rather visit those sites and get peace of mind IMHO

In fact, quite a number of gambling sites were/are working anonymously (like those run away scamming its users) and still a lot of people were/are happy to play on them...

m19

full member

Activity: 186

Merit: 100

Quote from: Dondie on October 14, 2014, 06:27:40 AM

Quote from: m19 on October 14, 2014, 06:23:05 AM

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Who will regulate these bitcoin betting sites? What if I operate my site not from the states but from something like Panama or Cuba..

That depends on the country you are offering your services. For example you can get regulated in Curaçao or Malta but that doesn't mean you can offer gambling in the Netherlands (not yet anyway) or any other country. Just this week or last week two sites got huge fines (6xx.xxx€) for offering gambling to Dutch people, even though they were regulated in another country.

gordoh

sr. member

Activity: 350

Merit: 250

Quote from: Dondie on October 14, 2014, 06:27:40 AM

Quote from: m19 on October 14, 2014, 06:23:05 AM

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Who will regulate these bitcoin betting sites? What if I operate my site not from the states but from something like Panama or Cuba..

That's a good point. There is no real way that people can regulate a Gambling site from those countries. But how many customers are you going to get compared to a regulated gambling site from the US? Most people would rather visit those sites and get peace of mind IMHO

Dondie

full member

Activity: 157

Merit: 100

HUKOM BITAY! ✝✝✝

Quote from: m19 on October 14, 2014, 06:23:05 AM

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Who will regulate these bitcoin betting sites? What if I operate my site not from the states but from something like Panama or Cuba..

m19

full member

Activity: 186

Merit: 100

There is not written rule that says how long a gambling site can stay open.

A lot of Bitcoin gambling sites operate in a bit of a grey area right now, expect a lot of them to close down when regulations are here.

Dondie

full member

Activity: 157

Merit: 100

HUKOM BITAY! ✝✝✝

I am planning to make a bitcoin betting site.

But one question (for old timers and knowledgeable people)

How long does a bitcoin site operate until it close down?

Give example of the site and its life span.

Thanks!

Topic: Gambling Site Life Span - page 2. (Read 2230 times)