Topic: How will the possible ban on internet gambling in the US affect Bitcoin? - page 3. (Read 693 times)
February 12, 2019, 07:47:51 AM
I 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.
February 11, 2019, 08:22:05 AM
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.
Ofcourse it has a huge effect on the gambling world. I see this things particularly.
1. People would not be gambling freely obviously.
2. Gambling would not been removed because even its illegal, people would still play.
3. Bets will be more higher since the risk gets higher also.
4. ICO related gambling would decrease.
January 29, 2019, 04:04:52 AM
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.
January 29, 2019, 03:50:34 AM
You can gamble without any kyc, then just put your coins in a mixer to avoid being identified as an American
true mostly gambling site doesn't require KYC so it's definitely impossible that american can determine the players around the internet. actually even though it's restricted no one can stop ppl who have addiction in gambling indeed , because there's always another ways for it ."the common mindset of some people who have addiction in gambling". Lol January 29, 2019, 02:10:59 AM
You can gamble without any kyc, then just put your coins in a mixer to avoid being identified as an American
true mostly gambling site doesn't require KYC so it's definitely impossible that american can determine the players around the internet. actually even though it's restricted no one can stop ppl who have addiction in gambling indeed , because there's always another ways for it ."the common mindset of some people who have addiction in gambling". Lol January 29, 2019, 01:28:33 AM
No impact by my opinion
Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
It is true that you can play using a VPN but there are instances where the site will not allow to withdraw the amount if you have won big citing that you are from US and they will show you the terms and conditions about how players from US are not allowed to use the site, so be careful with these scenarios.Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
I think US is trying to save its offline gambling industry through these changes. Otherwise I see no good reason for suddenly changing its stance towards online gambling! Prohibiting interstate transaction is just a lame excuse!
May be that is the case, the big corporate gambling houses are pushing for these bans and restriction as online gambling has become a billion dollar industry and the profit these online sites earn are just well above the real casinos earn.Quote
It is true that you can play using a VPN but there are instances where the site will not allow to withdraw the amount if you have won big citing that you are from US and they will show you the terms and conditions about how players from US are not allowed to use the site, so be careful with these scenarios.
.Do you really know how to use a vpn ? Vpn allows you to change you ip and location . you can also choose different location not only u.s . if the gambling site restricts a certain country then better identify it first .
Quote
May be that is the case, the big corporate gambling houses are pushing for these bans and restriction as online gambling has become a billion dollar industry and the profit these online sites earn are just well above the real casinos earn.
The bans is not about money and online casinos arent really popular than the real ones . elder and more mature people also find it easy to play on real casinos , thats why real casinos have still got more income that the online versions .
January 28, 2019, 06:56:05 PM
No impact by my opinion
Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
It is true that you can play using a VPN but there are instances where the site will not allow to withdraw the amount if you have won big citing that you are from US and they will show you the terms and conditions about how players from US are not allowed to use the site, so be careful with these scenarios.Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
I think US is trying to save its offline gambling industry through these changes. Otherwise I see no good reason for suddenly changing its stance towards online gambling! Prohibiting interstate transaction is just a lame excuse!
May be that is the case, the big corporate gambling houses are pushing for these bans and restriction as online gambling has become a billion dollar industry and the profit these online sites earn are just well above the real casinos earn.
January 28, 2019, 08:52:14 AM
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.
Personally, I don't see this having any significant effect on crypto gambling because this will not be the first time of hearing about how the government in United States have criminalized online gambling with fiat so crypto gambling has never been accepted in the country. I wonder why the ban would then have any effect. Another reason again is that majority of the online crypto gambling sites have by default exempted US citizens from their customer base which means technically, they were never their clients and with this new law, it does not change anything.
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January 28, 2019, 05:26:18 AM
Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.
I don't think the government can stop internet gambling in their country, people could just use any private network such as ToR if they want to bypass the crypto banning in gambling.It's just about time the US government should make call to change or implement such rules to their people so that won't have any problem in the future.
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.
January 27, 2019, 08:38:53 PM
Minimal damage, I think. Since we are in a technological advancement era, VPN could easily be a solution to this problem. Nonetheless, the gambler itself is not aware of the existence of a such tool/s, That I think will start or be the problem. Also, let's also put into consideration the numbers of Online gamblers (Crypto) in the US, if the numbers are valuable then it would be disturbing, but to ratio it against other countries I think the distribution will still be the same.
January 27, 2019, 08:08:52 PM
United States government just wants to ban the casinos that don't pay tax. They really don't care about the moral ground, they only care about collecting tax revenue. I'm sure this will boost the use of crypto in the US.
January 27, 2019, 06:36:12 PM
gambling is one of the big markets in the digital currency world. when there is a ban on gambling in the US it will have a major impact on the circulation of digital currencies. as we know that online gambling now the majority have started to apply digital currency in the game system. Digital currency is used because it has many advantages and benefits. we are all in the digitalization era so we really need digital currency as a medium of financial transactions that is safe, easy and has high flexibility.
January 27, 2019, 05:12:29 PM
Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.
I don't think the government can stop internet gambling in their country, people could just use any private network such as ToR if they want to bypass the crypto banning in gambling.It's just about time the US government should make call to change or implement such rules to their people so that won't have any problem in the future.
January 27, 2019, 05:12:08 PM
That would be a pretty bad situation for Bitcoin and other cryptocurrencies. A big amount of online gamblers are from the US and as the cryptocurrency adoption on online casinos is rising every day, Bitcoin could lose a lot of users and Bitcoin casinos could lose a lot of profit and users.
January 27, 2019, 02:38:26 PM
People will continue to play and use all kind of anonymous tools to play undisturbed. Tor as far as I know is legal to use in the USA. Then can send the coins to the mixer to withdraw the coins. So the ban in gambling should not provide any problems in the Usa. My country has done the same yet I am playing in sportsbet and even in fiat casinos with some privacy tools.
I think it's time for the USA to make another new regulation if they intend to ban any online gambling in their country. People will really use a tool to not disturb their habitually routine. If they were just going to ban it because the competition is getting complex then i don't know what's the worst thing to happens next. 
January 27, 2019, 06:42:11 AM
As everything happens online, automatically if they didn't get support they'll move to countries that have got gambling under legal jurisdiction. Gambling being one of the major industry contributing to a big scale growth in the earlier days in terms of price as well circulation will affect the price if online gambling access is limited on countries like USA. Because when the circulation gets lowered automatically the price fall happen.
January 27, 2019, 01:28:18 AM
Are there plans to ban it? I doubt this is can work unless they ban it global. I guess the numerous gambling sites will move to somewhere else.
I never knew gambling has such impact on the Bitcoin until I started visiting this section.
It seems such news does not have positive or negative effects on the price of cryptocurrency anymore. It's no longer natural movement.
I never knew gambling has such impact on the Bitcoin until I started visiting this section.
It seems such news does not have positive or negative effects on the price of cryptocurrency anymore. It's no longer natural movement.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
January 22, 2019, 10:09:56 PM
Although the US government says internet gambling is illegal, the gambling game will continue and they will find out to figure out how to keep playing with safe. With the internet connection available in many places and with so many VPN that people can use, I am sure that they could still play even in the Darkweb. People could still use cryptocurrency as long as they can hide their IP from the US government scanner so they can play and place the bet.
Those who are addict in gambling will always find their time to play so I think this will not affect the market literally, and of course you can travel in other places and play online if you really want to. Turning gambling online illegal is a big move for U.S, maybe they are promoting more the traditional casinos or there is something else that triggers the government to do this. Yes, of course. That is why I don't think that the US government will turn gamble online become illegal because they will lose a big tax from gambling business itself. I think they realize about this and I don't think they will not do that. As long as they can get a bigger tax for their country especially it could increase their income in the gambling section, they will still allow gambling online, but maybe they will make some changes about the rule.
January 22, 2019, 10:02:47 PM
I think it will have impact, but I don't think it's going to be a big impact, usually if the case like this happened the site will move to the country that allowed online gambling operations, and there are a lot of ways to keep on doing online gambling although the government ban or forbid it, so don't worry about the news, in some country where gambling is prohibited, we still can see some gambler playing in certain gambling site
January 22, 2019, 08:00:00 PM
First Ive heard of it, thats a big negative but I dont think its the end story. I could have sworn the US government was becoming more open to the idea of gambling as a source of tax revenue, in many countries the business operation for gambling is setup in a special way where revenue has a cut given over to support tax revenues and so its seen as valuable support in recessions etc.
To exclude technology as a development in gambling or any industry is kinda short sighted. I have to assume this is just one twist in a longer story tbh
To exclude technology as a development in gambling or any industry is kinda short sighted. I have to assume this is just one twist in a longer story tbh
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