Questions on my future bitcoin casino project! - page 2.

zzSunZZ

full member

Activity: 126

Merit: 100

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

Actually, all the casino projects for now are outlaw, no goverment can control it, no government tax it at all so it leads the the problem that they're not under protected of any organization at all. So soon or later , this kind of business will get a big change to become legal. Gambling is a good way to provide a huge tax for goverment , they gonna find out a way to manage them and get more taxes. So legal or illegal it still can be accepted.

boy130

sr. member

Activity: 616

Merit: 263

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

1. If you are going to use ONLY bitcoin as payment then its depending on country. Most of countries do not require license for bitcoin casino. If you will accept fiat then YES you need a license on whole world.

2. If you are not going to scam people and choose proper country for it then yes its legal.

3. Don't understand what are you mean.

Balleteam

newbie

Activity: 9

Merit: 0

Give a job for one person who know this s''''t

bitcapitalist

member

Activity: 110

Merit: 10

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

Hey,

1. No you don't need a license since its going to be based on Bitcoin currency. If you accept fiat you need a license to operate. You may want to check out softswiss for licensing solutions
2. It's legal for now, there is no legislation that says that Gambling with bitcoin is illegal in any country as for now. But be careful with the US as they like to send the feds on. It's like a gray zone. You should hire a professional for this matters, you don't need to be asking in a forum if you have the funds to start a real bitcoin casino.
3. .com domain or any tld should do the work.

Anyways it all comes to what country you are resident in. I would be careful if you are in the US.

Bottom line: GET a good lawyer and professional help before launching a bitcoin casino. Some countries don't like them and they will want to go after you if you become big.

Good luck with your project!

cloverme

legendary

Activity: 1512

Merit: 1057

SpacePirate.io

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

Learn. Research. Repeat. I think that's the best advice I can give you.

1. Depends on the country you're in. http://ezinearticles.com/?What-Countries-Allow-Online-Gambling&id=6667117
2. It depends. For instance, Bryan Micon was raided at gunpoint: http://www.pokernews.com/news/2015/02/seals-with-clubs-chairman-bryan-micon-police-raid-20740.htm
3. It's less about the domain name and more about the hosting. AWS and Azure don't allow gambling. You need a host that allows gambling with a private virtual server that allows you to pick your own OS.

Basic Security:
Follow a standard: https://cryptoconsortium.org/standards/CCSS
-Encrypt your whole disk (FIPS 140-2 or higher)
-Check your script for a backdoor, you're better off getting someone to code a new one for you from a trusted member.
-Don't allow any-any rules for your firewall (inbound or outbound)
-Run Qualys scans on your server
-Implement 2FA for users and admin.
-Don't use weak ciphers or weak hashes for passwords (MD5, SHA1)
-Encrypt transit data to your encrypted wallet
-Use cold wallets with watch addresses where possible
-Make sure your domain and hosting registrar won't change data without verifying your identity.
-Use a web application firewall
-Prepare for DDoS
-Don't trust any general support staff you bring on to manage security

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.

Too soon to make a decision ? I feel you should probably spend some time learning about bitcoins/bitcoin gambling in general.Starting a business without having a clear idea about how stuff works is big move,chances of failure are more.

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Here's a few questions I had:
1. Do i need a license? How much is the license?

Yes.you need a license in compliance with your country's jurisdiction.Your casino must obey the rules laid out by your nation's law authorities if at all they allow gambling.It's banned in most of the Asian countries,just so you know.

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

2. Are we all sure it's legal?

>Refer to ^answer.Depends on your jurisdiction.

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

Buy any domain.It isn't end there.Be ready for a heavy investment.Couple of 100 btc's if you're planning to make money out of it on a business level.

merelcoin

hero member

Activity: 675

Merit: 504

Quote from: cho-cho-train on July 26, 2016, 02:29:50 AM

Quote from: merelcoin on July 26, 2016, 01:38:43 AM

If you're serious, contact a lawyer... People might give you a lot of advice on this forum, or any forum for that matter, but it doesn't constitute as legal advice.

Even if you found a lawyer on this forum, you must realise the laws differ from country to country (or state to state), so running a casino hosted on a server in country A while you're in country B might be perfectly legal, while running the exact same casino but hosted in country X while you're in country Y might send you straight to jail.

Thanks for the advice, and not trying to prove anyone wrong here but according to some research i've done i heard btc casino's are completely legal due to the fact that people don't use real "money" but would btc and other cryptocurrencies considered "illegal"?

In some country's this statement will probably be correct, in other ones it'll be incorrect.
For example, a quick search on this forum diggs up this thread: https://bitcointalksearch.org/topic/are-bitcoin-gambling-sites-illegal-in-usa-299393

cho-cho-train

newbie

Activity: 2

Merit: 0

Quote from: merelcoin on July 26, 2016, 01:38:43 AM

If you're serious, contact a lawyer... People might give you a lot of advice on this forum, or any forum for that matter, but it doesn't constitute as legal advice.

Even if you found a lawyer on this forum, you must realise the laws differ from country to country (or state to state), so running a casino hosted on a server in country A while you're in country B might be perfectly legal, while running the exact same casino but hosted in country X while you're in country Y might send you straight to jail.

Thanks for the advice, and not trying to prove anyone wrong here but according to some research i've done i heard btc casino's are completely legal due to the fact that people don't use real "money" but would btc and other cryptocurrencies considered "illegal"?

merelcoin

hero member

Activity: 675

Merit: 504

If you're serious, contact a lawyer... People might give you a lot of advice on this forum, or any forum for that matter, but it doesn't constitute as legal advice.

Even if you found a lawyer on this forum, you must realise the laws differ from country to country (or state to state), so running a casino hosted on a server in country A while you're in country B might be perfectly legal, while running the exact same casino but hosted in country X while you're in country Y might send you straight to jail.

JackpotRacer

legendary

Activity: 1974

Merit: 1014

All Games incl Racer and Lottery game are Closed

Quote from: cho-cho-train on July 25, 2016, 11:10:25 PM

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

check out moneypot.com and ask any questions you like and you will get straight forward answers

you can thank me later

Perryl

sr. member

Activity: 504

Merit: 250

Crazy. There is a lot of competition already, and yeah, you will have to deal with legal loopholes if you want to use FIAT at all. Otherwise, idk, some of these sites operate without much of a legal basis, but I'm sure the successful ones like Fortune Jack have the proper documents.

It would also depend on where you live and where you plan to operate, i think.

You need a decent bankroll too. Otherwise you're going to have a difficult time getting people to even show up.

cho-cho-train

newbie

Activity: 2

Merit: 0

Hey guys I'm new to everything, bitcoin, btc casino, this forum and etc.
After using a few bitcoin casino's i thought it would be nice if I start my own btc casino, and i figured out the script (gonna purchase one) but i couldn't figure some stuff out.
Here's a few questions I had:
1. Do i need a license? How much is the license?
2. Are we all sure it's legal?
3. What kind of domain do i need to buy if I want to put my own script? (I heard there were a couple of different types of scrupts)

Topic: Questions on my future bitcoin casino project! - page 2. (Read 1877 times)