Logically I believe this will help the price of BTC if internet gambling is banned in America.
Im not certain this will happen though since the individual states are now voting to legalize sports gambling.
I think that America is opening up the doors for internet gambling and not closing them.
Topic: How will the possible ban on internet gambling in the US affect Bitcoin? (Read 693 times)
February 26, 2019, 01:05:21 PM
February 26, 2019, 12:00:24 PM
But I think they will considering to not banning online gambling because if they can take those profit from gambling, they will allow online gambling.
Apparently the more casinos that appear which do not pay taxes the more the governments will try to ban the access to them. The government is like that - they want money from your gains and will do any method to extort money from your service. The casinos who pay taxes will get the upper hand here and possibly this will happen in future unless some other workaround is found. Defenitely the capital gains from the coin at the price against fiat would be used to calculate it.But I think they will considering to not banning online gambling because if they can take those profit from gambling, they will allow online gambling.
Apparently the more casinos that appear which do not pay taxes the more the governments will try to ban the access to them. The government is like that - they want money from your gains and will do any method to extort money from your service. The casinos who pay taxes will get the upper hand here and possibly this will happen in future unless some other workaround is found. Defenitely the capital gains from the coin at the price against fiat would be used to calculate it.Quote
Besides that, we could still play gambling using crypto, and I think we can use so many online gambling which using crypto. And crypto was not designed for only playing gambling.
Gambling sites and trading are the major expenses for the people in this forum. 
I see nothing wrong in casinos paying taxes if that is the case. It going to be tough to get the cryptocurrency based casinos taxed though. I guess if casino generate alot of traffic from the country the government could end up going after them.
February 26, 2019, 08:59:21 AM
just don't think it will affect gambling a lot as I don't think it will hit crypto websites but rather only Fiat casinos. May be in the future they will target crypto in the future but for the moment it should be safe crypto mixers can easily hide your identity with a simple VPN.
True that its very easy to hide yourself behind VPNs and so the ban is actually something that is not going to have an effect. Humans by nature are curious and there are hundreds of methods to circumvent bans to get to what you desire.I see nothing wrong in casinos paying taxes if that is the case. It going to be tough to get the cryptocurrency based casinos taxed though. I guess if casino generate alot of traffic from the country the government could end up going after them.
Yes and I am sure they are following local rules for taxations following trades and goods. Now the governments are pure extortionists. They will acquire money off your profits by doing such things and though its not very effective but still it would end up with the owners having to shut down casinos or move their operation to more crypto-friendly locations. But crypto users are more or less accustomed to TOR and VPN so there is no problem as such. 
February 23, 2019, 11:33:27 AM
Many players will just use a vpn so I don't think this will have any major effect. USA is one of the few countries that is banning online gambling, they may end up changing their decision when they realize they may be losing tax revenue.
February 23, 2019, 11:18:47 AM
But I think they will considering to not banning online gambling because if they can take those profit from gambling, they will allow online gambling.
Apparently the more casinos that appear which do not pay taxes the more the governments will try to ban the access to them. The government is like that - they want money from your gains and will do any method to extort money from your service. The casinos who pay taxes will get the upper hand here and possibly this will happen in future unless some other workaround is found. Defenitely the capital gains from the coin at the price against fiat would be used to calculate it.Quote
Besides that, we could still play gambling using crypto, and I think we can use so many online gambling which using crypto. And crypto was not designed for only playing gambling.
Gambling sites and trading are the major expenses for the people in this forum. I see nothing wrong in casinos paying taxes if that is the case. It going to be tough to get the cryptocurrency based casinos taxed though. I guess if casino generate alot of traffic from the country the government could end up going after them.
February 22, 2019, 09:42:34 AM
But I think they will considering to not banning online gambling because if they can take those profit from gambling, they will allow online gambling.
Apparently the more casinos that appear which do not pay taxes the more the governments will try to ban the access to them. The government is like that - they want money from your gains and will do any method to extort money from your service. The casinos who pay taxes will get the upper hand here and possibly this will happen in future unless some other workaround is found. Defenitely the capital gains from the coin at the price against fiat would be used to calculate it.Quote
Besides that, we could still play gambling using crypto, and I think we can use so many online gambling which using crypto. And crypto was not designed for only playing gambling.
Gambling sites and trading are the major expenses for the people in this forum. February 20, 2019, 07:59:32 PM
By now most people have heard about this, https://www.bloomberg.com/news/articles/2019-01-15/u-s-now-says-all-online-gambling-illegal-not-just-sports-bets.
We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.
Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.
Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?
Let's discuss.
We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.
Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.
Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?
Let's discuss.
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February 20, 2019, 06:34:53 AM
Do you think legal operations will close their doors and move underground?
If they do so, they will cut out a big piece of their revenues and throw it away.
Do you think it will only have a limited impact on Crypto currency prices?
Yes. Why are you thinking about adverse effects only?
Crypto is meant about anonymity and privacy, so crypto like XMR, Dash and other privacy-pegged coins will be used more because gambling is an addiction and nobody can prove this statement to be false. So who can save those gamblers, the real gamblers from gambling?
Will these operations move to countries that allow online gambling?
Quite possible because if they have alternatives nearby, why would they lose on their share of the revenue they are already getting in their field?
Will online gambling evolve into illegal sites on the Darkweb?
Yes, as I said before, there is a high possibility of gambling turning illegal at places where it will not be allowed so not to leave their customers in vain.
February 20, 2019, 03:20:11 AM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
That is right, they will always find a solution to playing gambling, and I am sure with the easiest way to connect to any websites, they will not get any problem. Besides that, if the gambling websites are registered on the US, then maybe that sites need to pay some tax, and if the US government decides to ban the gambling websites, then I think they will lose big revenue from the gambling business, and that is not good news for them.
Well if it would have any effect at all, i doubt it'll be felt in general. Yeah crypto gambling probably contributes a lot but there are likely more crypto gamblers outside the us than in it. Crypto is so much more than just a gambling means so i think it'll be okay.
But I think they will considering to not banning online gambling because if they can take those profit from gambling, they will allow online gambling. Besides that, we could still play gambling using crypto, and I think we can use so many online gambling which using crypto. And crypto was not designed for only playing gambling.
February 19, 2019, 02:45:55 PM
I think that doesn't matter a lot, if someone wants to gamble, then he/she will gamble, especially when it's super easy to purchase VPN in a cheap price and use it. Also if we talk about crypto price here, then to my mind it won't affect price because according to alexa, usa is in least positions of major crypto casinos' traffic .
OP situation won't go that worse as you possibly think.
OP situation won't go that worse as you possibly think.
February 19, 2019, 01:48:06 PM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
That is right, they will always find a solution to playing gambling, and I am sure with the easiest way to connect to any websites, they will not get any problem. Besides that, if the gambling websites are registered on the US, then maybe that sites need to pay some tax, and if the US government decides to ban the gambling websites, then I think they will lose big revenue from the gambling business, and that is not good news for them.
Well if it would have any effect at all, i doubt it'll be felt in general. Yeah crypto gambling probably contributes a lot but there are likely more crypto gamblers outside the us than in it. Crypto is so much more than just a gambling means so i think it'll be okay.
A possibility that most legal gambling owners would go underground due to the government rules and that means it would affect everything in the ground below.
February 19, 2019, 01:26:16 PM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
That is right, they will always find a solution to playing gambling, and I am sure with the easiest way to connect to any websites, they will not get any problem. Besides that, if the gambling websites are registered on the US, then maybe that sites need to pay some tax, and if the US government decides to ban the gambling websites, then I think they will lose big revenue from the gambling business, and that is not good news for them.
February 18, 2019, 12:26:11 PM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
That is right, they will always find a solution to playing gambling, and I am sure with the easiest way to connect to any websites, they will not get any problem. Besides that, if the gambling websites are registered on the US, then maybe that sites need to pay some tax, and if the US government decides to ban the gambling websites, then I think they will lose big revenue from the gambling business, and that is not good news for them.
Well if it would have any effect at all, i doubt it'll be felt in general. Yeah crypto gambling probably contributes a lot but there are likely more crypto gamblers outside the us than in it. Crypto is so much more than just a gambling means so i think it'll be okay.
February 18, 2019, 11:29:22 AM
For example, in my country gambling is totally illegal even you cannot find any legal casino here, on other side recently our government also consider bitcoin and other crypto currencies as illegal, but still I know a lot of people who are using bitcoin and other currencies for playing gambling online.
Do not let the governments stop your from using bitcoin. Its your choice to use what currency you want but then what is not accepted locally would not be feasible for your daily activities obviously.Quote
I think that gamblers always know it well how to get access to different casinos and play gambling without knowing their law and forces agencies.
In a world where you have VPNs proxies TOR who cares about bans from the governments. Its like slap on the cheek for the law enforcement if you are talking about then in trying to ban gambling sites. People who are addicted wont be stopped by that. They will keep on gambling by circumventing these bans. Obviously a big business runs out there for them and they cannot afford to miss that. Crypto only gives them the better avenue. 
February 15, 2019, 04:45:25 PM
Not sure about USA law's , but as long as crypto is not ''Money'' then gambling with crypto does not count as gambling =D Because there is ''nothing to lose '' , crypto is not money ( Thats what TV , goverment tells ) .
In my country crypto is Item and when i trade with someone then i need to pay tax on that trade ...
There is always roundabouts and will be .. Somebody will find a way to build gambling sites for US even if they BAN it ...
Lol, whatever their government calls crypto about what, any gambling game with any currency for payment is still gambling, In my country crypto is Item and when i trade with someone then i need to pay tax on that trade ...
There is always roundabouts and will be .. Somebody will find a way to build gambling sites for US even if they BAN it ...
yeah I also heard that gambling sites are banned on their internet networks, of course this has an effect on bitcoin but not so significant
For example, in my country gambling is totally illegal even you cannot find any legal casino here, on other side recently our government also consider bitcoin and other crypto currencies as illegal, but still I know a lot of people who are using bitcoin and other currencies for playing gambling online.
I think that gamblers always know it well how to get access to different casinos and play gambling without knowing their law and forces agencies.
February 15, 2019, 03:06:54 AM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
That is right, they will always find a solution to playing gambling, and I am sure with the easiest way to connect to any websites, they will not get any problem. Besides that, if the gambling websites are registered on the US, then maybe that sites need to pay some tax, and if the US government decides to ban the gambling websites, then I think they will lose big revenue from the gambling business, and that is not good news for them.
February 14, 2019, 07:53:37 PM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
Yes i agree.There might be an effect on the market but it's not really that big.I think USA is just trying to avoid illegalities in their country so if there are illegal gambling onlines caught,they should be totally vanished.I think online gambling activities with bitcoin are also found in some other countries so they can easily move to these countries too where there is no banning happening. February 14, 2019, 06:14:20 PM
Yes, I am sure they will find a way to continue playing gambling. It still difficult to stop the gambling online because the websites is not hosted in the US hosting websites and the owner of the gambling site will use foreign hosting to host their sites. Gambling online itself is like a virus which will influence many people to play and it's hard to stop them unless the US government stop the internet connection and they are allow the traditional gambling for the people.
Governments are always trying to censor people into doing things that they should not do. In my opinion these are only methods to manipulate people into thinking that the government cares for the future of their country while actually they are not doing much for it. A gambler will always remain a gambler no matter how you try to stop the popularity of casinos or try to stop them from playing. Once the addiction has settled deep inside them they will continue to find out new ways to circumvent blockades because they need to ease the pain of withdrawal.
But unfortunately, not all people in the government really cares for the future. Gamblers will continue playing gambling and if somehow, the government ban on internet gambling, gamblers will find a way to stay connected with the gambling websites. I am sure that there will be one service offers to gamblers to help them if they want to withdraw their money without any problem so gamblers can play gambling and they don't have trouble to sending the win money to their bank account.
Internet gambling ban wont completely shutdown its doors to said residents of such country and you are right they would really find a way to play no matter what without being detected.
Its dangerous if you got caught and you already know the risk of such violation but with the current ways on how to bypass it, they would hardly find on what you are doing.
February 14, 2019, 05:35:06 PM
Maybe it could affect since that was considered as bad news for crypto but then even if they don't allow it, there are still ways to access the site. So for me, the effect won't be that much. Also not all players came from USA and owners can move into another country if they want to.
February 14, 2019, 12:24:14 PM
By now most people have heard about this, https://www.bloomberg.com/news/articles/2019-01-15/u-s-now-says-all-online-gambling-illegal-not-just-sports-bets.
We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.
Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.
Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?
Let's discuss.
the current scenario will only depends under development of online and the internet so if the ban on internet gambling will definitely be disappointed the huge amount of Gamblers who are using it so it will definitely made a huge don't fall in gambling field. We all know that Crypto currency online gambling sites are rampant on the internet and it adds loads of demand for Crypto currency on the Internet.
Some of these sites are legal, but a large amount of them are operating illegally. The possible prohibition on internet gambling in the US will have a significant impact on the price of Crypto currencies that are used for gambling.
Do you think legal operations will close their doors and move underground?
Do you think it will only have a limited impact on Crypto currency prices?
Will these operations move to countries that allow online gambling?
Will online gambling evolve into illegal sites on the Darkweb?
Let's discuss.
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