Topic: How will the possible ban on internet gambling in the US affect Bitcoin? - page 5. (Read 726 times)
January 21, 2019, 01:49:39 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.
January 21, 2019, 01:01:54 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.
Hey that’s a sad news if you see it from USA residents point of view, but I don’t think that people from USA will stop playing at online gambling sites. I believe they’ll simply access these sites via VPN, and since they’ll be playing in crypto’s their income will be hidden. When it comes to prices i feel there won’t be any effects on it, also many online casinos are registered in countries which favour online casinos so don’t think anything will happen to their current way of operations.
January 21, 2019, 11:55:18 AM
Thank you for this post! I currently reside in the United States, sucks to see that crypto-based casinos will likely no longer allow US residents to gamble. Most online casinos will likely just stop allowing US IPs to access their site, but a simple VPN's likely enough to bypass this for most sites, and as for crypto prices, I don't really see any major price impact coming up soon. It's true that gambling anonymously is a large part of why many people use crypto, but I believe the number of people using crypto solely for gambling in the US is small enough that prices won't be moved by this.
January 21, 2019, 11:46:16 AM
It might definitely affect the price since the people who is more casual about it could potentially stop using the services if their favorite one goes down until it moves to another country, for example.
A lot of people do know how to use a VPN which is really easy today but that won't be necessary until blocked at another level which is something i personally saw the U.S. doing before, that sounds more like what oppressive kind of governments do.
I believe there will be a shake that will eventually come back to normal in case that happens.
A lot of people do know how to use a VPN which is really easy today but that won't be necessary until blocked at another level which is something i personally saw the U.S. doing before, that sounds more like what oppressive kind of governments do.
I believe there will be a shake that will eventually come back to normal in case that happens.
January 21, 2019, 09:01:32 AM
No impact by my opinion
Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
Most of bitcoin casinos don't ask for KYC and people very well know how to use VPN
January 21, 2019, 08:40:38 AM
Do you think legal operations will close their doors and move underground?
Possibly yes! Online gambling operations are hard to catch and when it mixes with crytpocurrency, it make the operations and players more undetectable. I foresee that smaller operations will move underground and continue to operate and some of them will even move to darkweb to leave no trail of their operations.
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Do you think it will only have a limited impact on Crypto currency prices?
I don't think there will be any price impact on cryptos due to this reason. A very minor percentage of cryptos currencies are involved into gambling business. The number is not very significant and hence I don't see any upcoming impact. yes, a temporary impact may be there that will not last long!
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Will these operations move to countries that allow online gambling?
Yes, for bigger gambling operations! Small gambling websites will probably not be able to afford it but bigger gambling houses will definitely move their operations to other countries like Malta where gambling and cryptocurrency both are legal.
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!
January 21, 2019, 08:19:35 AM
I think that many gamblers will continue to gamble on online Casinos anyway.
Most of them do not reside in the us, and even in us it's still possible.
You can gamble without any kyc, then just put your coins in a mixer to avoid being identified as an American
Most of them do not reside in the us, and even in us it's still possible.
You can gamble without any kyc, then just put your coins in a mixer to avoid being identified as an American
January 21, 2019, 08:10:05 AM
Once the people started to play regularly then it will be hard for them to restrict from gambling so the bets may happen in underground or on Dark web,until the people knows how to cash out their rewards without getting notified from the government then there will be no problem for the prices of cryptocurrencies.
January 21, 2019, 06:50:00 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.
with large amounts of gamblers residing in the USA, crypto market prices of some certain coins will really be shaken, a lot of changes will occur, however even if its going to be ban, people will still make a way to continue it by doing illegally like for example underground.
January 21, 2019, 06:14:07 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.
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