Do you think legal operations will close their doors and move underground?
It can be banned but not completely be wiped out.
Do you think it will only have a limited impact on Crypto currency prices?
Not at all even we do say lots of US crypto gamblers.There are some various ways you can play without being traced up.
Will these operations move to countries that allow online gambling?
With crypto then you can anytime do such thing.
Will online gambling evolve into illegal sites on the Darkweb?
Depends on their decision, either they would completely stop nor continue the business on possible ways.
Topic: How will the possible ban on internet gambling in the US affect Bitcoin? - page 4. (Read 693 times)
January 22, 2019, 07:54:18 PM
January 22, 2019, 06:35:40 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.
Thanks for sharing this! This is quite a news, expanding to ban all online gambling. All the gambling sites now would have a hard time to make things legal, assuming they are illegal at the start or something like that. Anyways, nothing in the article specifically states cryptocurrency casinos but it's most likely to be included.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?
Firstly, for the legal operations to move underground, I don't think they will, maybe they would just move to a location where it's legal to operate. If a site goes underground, how do they make sure that their former players will still play? It would be hard for the owner to "announce" something like that.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?
As cryptocurrency prices go, a lot of people are probably buying just to gamble and in my opinion, there is an impact, but not that much. I think gamblers play doesn't lose at the same time to Buy Bitcoin, it's not that strong to start a pump.
I'm not that familiar with the dark web but I guess if there are certain gambling operations there happening, maybe they could move there and somehow allow themselves to operate there. I don't know about that one.
January 22, 2019, 06:20:02 PM
Incase online gambling totally ban by the united staes government I think it will be continue to operate via underground sectret operations because there no one can control the power of internet.
January 22, 2019, 05:29:56 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.
This thought will came to all the Gamblers mind but the fact is there is no possibility of affecting the anything in the other field while gambling was fast being a threat to understand it will still going to be more higher than before so you cannot able to say like that.
January 22, 2019, 06:24:43 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.
I think we need a market analysis to understand if there will be any losses and what would be the effect of this action on bitcoin. I don't know how many people gamble online in the US and what is the portion of them based on the total online casino gamblers. I don't like this idea of making online gambling illegal but maybe it is a regulation in order to tackle black markets and untaxed incomes.
January 22, 2019, 05:38:27 AM
This is interesting. Up until today I have been thinking that online gambling was illegal in the US except in Nevada, Delaware, Pennsylvania and New Jersey. I thought players from the US I was talking to on gambling sites were using VPN to avoid the restrictions.
Anyway, regarding the impact on Crypto currency prices, I don't think there will be a big one, if any, because the cryptocurrency based gambling sector is very small(less than 10%) compared to overall online gambling.
Anyway, regarding the impact on Crypto currency prices, I don't think there will be a big one, if any, because the cryptocurrency based gambling sector is very small(less than 10%) compared to overall online gambling.
January 22, 2019, 05:30:25 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.
I think we need a market analysis to understand if there will be any losses and what would be the effect of this action on bitcoin. I don't know how many people gamble online in the US and what is the portion of them based on the total online casino gamblers. I don't like this idea of making online gambling illegal but maybe it is a regulation in order to tackle black markets and untaxed incomes.
January 22, 2019, 05:27:48 AM
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.
January 22, 2019, 04:51:13 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.
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. hero member
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January 22, 2019, 04:09:03 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.
January 22, 2019, 04:04:41 AM
It will have bad impact on both cryptocurrency and the online gambling. Price will face a reduction because at least 1/10th of the real use of cryptocurrency is in gambling which means the real usage will drastically dropped. So, it will reduce the demand and eventually at the price. Also, gambling industry could have a great future but with the restriction, no chance of flourish.
But all the crypto online gambling players were from USA for to cause the price reduction and even lot of people knows how to hide their identity while gambling online so government is only reduction their revenue from gambling not the players going to be. January 22, 2019, 03:46:14 AM
It will have bad impact on both cryptocurrency and the online gambling. Price will face a reduction because at least 1/10th of the real use of cryptocurrency is in gambling which means the real usage will drastically dropped. So, it will reduce the demand and eventually at the price. Also, gambling industry could have a great future but with the restriction, no chance of flourish.
January 22, 2019, 03:26:43 AM
I think it is going to affect cryptocurrencies market as the only aspects of cryptocurrencies that I have seeing succeeding is gambling and betting. The icos system and projects are failing. Traders has lose significant amounts because of the unexpected fall last year.
January 22, 2019, 01:47:23 AM
Actually even they close some of gambling site or casino related to crypto i think no impact in price like users only will withdraw all their money then if you think more users only will find or create new that legal or new gambling sites or casinos another thing cryptocurrency is really so hard to trace like the different transaction here and this is created like that so or that's why we can't control by others or cryptocurrency can't control by others
January 22, 2019, 01:20:58 AM
A lot of gambling operations will most probably shift their operations to some of these independent islands that open their arms for their business. A lot of bribes are paid for gambling licenses and the income generated at these casinos are also generating local income for the people that are hosting these operations.
These decisions just push people to relocate and to operate illegally.
These decisions just push people to relocate and to operate illegally.
January 21, 2019, 11:08:44 PM
This is for US only but crypto is for the entire world, I think the more they put a ban on internet gambling, the more people will find a way to gamble.
Some of these sites are legal, but a large amount of them are operating illegally.
I don't think it's right to call them illegal, they are operating because of lack of regulation and when there is no law to supervise this type of gambling then they are not tag as illegal. They are free to operate and the reason why they are increasing is because gamblers chooses a site that does not conduct KYC, where they can gamble anytime maintaining their anonymity. January 21, 2019, 05:42:26 PM
I didn't even know this was a thing, most laws are impossible to get a good read on.
Especially this type on ground. There will not be a possible situation, illegal gambling will be wipe and from the surface of the internet. The US government will not be able to raise a BAN on the world of cryptocurrencies/gambling. January 21, 2019, 05:00:45 PM
I do not think it would affect the crypto industry much. The world doesn't contain USA only. There are plenty of people gambling that are outside Usa. There are millions of players gambling in Africa, europa and definatelly Asia as well. And we all know Asia contain the high roller gamblers.
Yes you are absolutely right the thinking of negative way will always know as to the same side of negative thoughts but cryptocurrencies different from any other country currency so it can affect anything when it comes to the good level or it is in the same situation but it will not affect the US currency at anytime.
January 21, 2019, 04:38:54 PM
I didn't even know this was a thing, most laws are impossible to get a good read on.
January 21, 2019, 03:42:50 PM
IMO this is actually raise the demand for bitcoin and other crypto currencies
cause let's face it the majority of crypto casinos don't care about laws and you can easily access them and bet whatever you want through a VPN
so I guess that's good news for crypto overall , and maybe for mixers as well
cause let's face it the majority of crypto casinos don't care about laws and you can easily access them and bet whatever you want through a VPN
so I guess that's good news for crypto overall , and maybe for mixers as well
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