Gambling with BTC in countries where BTC isn't defined as money - Legality? - page 2.

arallmuus

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Quote from: sukamasoto on April 10, 2015, 01:05:01 PM

It depends on goverment where do you live.

I'm live on Indonesia and there's no policy that restrict online gambling yet especially using bitcoin as the bet currency. It means my country is allow betting with bitcoin

really? As far As I know, Indonesia government banned all online gambling which you can check from here

https://www.gambling.com/online-casinos/country-overview/articles/overview-of-online-gambling-in-indonesia

Quote

ndonesia is one of the world’s more unusual nations. It stretches between two continents (Asia and Oceania), and rather than being one landmass, it is comprised of a chain of over 17,500 islands, divided into 34 different provinces. It enjoys healthy economic ties with the rest of Asia and a number of Western countries, but whilst many of the islands such as Bali and Jakarta are top tourist destinations, the country’s government has gone to great lengths to ban gambling in all its forms.

Quote

Whilst online gambling is definitively illegal in Indonesia, the government's blanket approach has resulted in a number of gaps and loopholes

I suppose you are one of them who are exploiting this loopholes, it is hillarious how someone from his country doesnt know rules regarding gambling

Anyway this is not really a problem as there are alot of way to bypass this, as far as I know, you can always use hola to change your IP or rather access the sites from VPN for safety

sukamasoto

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Black Panther

It depends on goverment where do you live.

I'm live on Indonesia and there's no policy that restrict online gambling yet especially using bitcoin as the bet currency. It means my country is allow betting with bitcoin

alani123

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Leading Crypto Sports Betting & Casino Platform

I'm in Europe, Greece and none of the websites that only accept bitcoin get blocked here. Unllike many other major gambling websites that get blocked automatically by ISPs due to Eu regulations

fox19891989

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It should be legal in China.

China bans gambling, but many big internet companies have gamble games, like Tencent, it has many poker games, people can play with game-coin, and they can buy or sell game-coin to exchange fiat money. So this kind of gamble is OK in China.

Chinese central bank defines BTC as game money, not a currency, btc gamble should be legal in China.

ShetKid

sr. member

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If you are only worried about sports betting, then no, there will never be a problem at all. I think you can also bet on some fiat sites which accept Americans . If you are worried, you can always use TOR as well.

twister

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Quote from: cconrad0825 on April 10, 2015, 08:51:50 AM

I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Many americans play at Bitcoin casinos and as long as they didn't used Coinbase as their wallet to send and receive coins to those sites, they didn't had any problems.

The problem is if someone is running a Bitcoin gambling site from within USA or using servers which come under US regulation, then they're considered illegal because gaming authorities cannot allow UN-licensed casinos, on-line or off-line.

Wendigo

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Bitcoin gambling is not prosecuted right now so you won't have any problems playing anywhere. A lot of americans are betting online with bitcoins and no one cares.

sherbyspark

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Quote from: thebitcoinquiz.com on April 10, 2015, 09:01:36 AM

Quote from: sherbyspark on April 10, 2015, 08:53:44 AM

Quote from: cconrad0825 on April 10, 2015, 08:51:50 AM

I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Bitcoin gambling has been here since the past 4-5 years, and as long as these businesses are not based in US, they haven't had an issue running them.
They have closed some of these businesses down that were based in US. I think satoshi dice had a problem. Also Sealswithclubs had some kind of problem.

I don't think that the OP is interested in running a gambling site, instead I guess he is more interested in playing there.
Also, yes swc was closed down due to similar issues but they soon started operating again after fixing up things.

Well he did ask "Does anyone know what the legal authorities have said about services like Cloudbet?" which I replied to what happened to services like those.
And what the situation is overall.

thebitcoinquiz.com

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Quote from: sherbyspark on April 10, 2015, 08:53:44 AM

Quote from: cconrad0825 on April 10, 2015, 08:51:50 AM

I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Bitcoin gambling has been here since the past 4-5 years, and as long as these businesses are not based in US, they haven't had an issue running them.
They have closed some of these businesses down that were based in US. I think satoshi dice had a problem. Also Sealswithclubs had some kind of problem.

I don't think that the OP is interested in running a gambling site, instead I guess he is more interested in playing there.
Also, yes swc was closed down due to similar issues but they soon started operating again after fixing up things.

@OP, cannot quote a statement regarding the status of gambling, but sports gambling is still illegal in the US, and I don't think it matters whether bitcoin is a commodity/money/token or etc etc.

sherbyspark

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Quote from: everythingforsale on April 10, 2015, 08:57:08 AM

What happened with Sealswith clubs ? didn't know they were shut down by the government.

Well they weren't shut down but Micon had a warrant from the gaming commission and had some issues with the cops entering his house . He also posted a statement about it on youtube. Its still running , with Micon now living out of the country.
EDIT: Here is the video about the situation https://www.youtube.com/watch?v=BaD8ion8iGI

everythingforsale

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Quote from: sherbyspark on April 10, 2015, 08:53:44 AM

Quote from: cconrad0825 on April 10, 2015, 08:51:50 AM

I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Bitcoin gambling has been here since the past 4-5 years, and as long as these businesses are not based in US, they haven't had an issue running them.
They have closed some of these businesses down that were based in US. I think satoshi dice had a problem. Also Sealswithclubs had some kind of problem.

What happened with Sealswith clubs ? didn't know they were shut down by the government.

sherbyspark

hero member

Activity: 910

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Quote from: cconrad0825 on April 10, 2015, 08:51:50 AM

I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Bitcoin gambling has been here since the past 4-5 years, and as long as these businesses are not based in US, they haven't had an issue running them.
They have closed some of these businesses down that were based in US. I think satoshi dice had a problem. Also Sealswithclubs had some kind of problem.

cconrad0825

newbie

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I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?

Topic: Gambling with BTC in countries where BTC isn't defined as money - Legality? - page 2. (Read 1704 times)