Running an online Bitcoin gambling website

Sadlife

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Quote from: Debonaire217 on April 21, 2020, 01:04:24 AM

Quote from: Sadlife on April 21, 2020, 12:37:00 AM

In my knowledge, if the site is hosted in a country that doesn't restricts online gambling then players who access that site and plays online gambling will be violators and gambling site itself will not get any penalties because the government doesn't have jurisdiction of the site.

Do you mean that every players are violators and only the gambling site owner is not? Or what you mean is that when a gambling site is hosted in a country which don't have a jurisdiction about prohibiting it, and a player from a country which has a jurisdiction of not allowing their people to gambler such as those that are in the middle east will be violators of their law and will be punished. That is quite reasonable compared to say that players who will access will automatically violate it.

Quote from: Sadlife on April 21, 2020, 12:37:00 AM

But i think it's better to consult the devs and lawyers if they have other perspective to the case.

Well, that still complicated, gambling site owner should consult to devs and lawyers specific to what country they are planning to build their gambling platform. That is because, different country has different laws specifically about gambling (physically or through digital means).

Yes that is exactly what i meant only people who lives in a country that prohibits gambling will receive punishment but the gambling won't receive penalties especially when the country that the gambling is hosted in legalized in gambling. So business such as gambling sites wouldn't have to worry about a lawsuit.

Instead the users if they're found out they'll surely go to jail so it's really recommended to use VPN.

michellee

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Quote from: tippytoes on April 21, 2020, 06:26:34 PM

Quote from: michellee on April 21, 2020, 02:44:59 AM

Players who want to play gambling but he afraid of breaking the law, he can try to use VPN to hide his IP when he wants to visit on the gambling site. I think so far, we don't have a problem with playing online gambling, and we can free to playing online gambling. I think if you want to run the crypto gambling site, you need to find a host which allow gambling, and the site will not have a problem with the law in the country. But the gambling site will need a license from the law to running the gambling website.

Yes, using VPN is the usual strategy of most gamblers if he wants to hide his IP. Also, the OP can look about acquiring gambling license in Estonia, I think they have loose regulations over there, if he wants to run the online casino with at least gambling license attached to it. Also, the Curacao Online gambling license, as it is quick and inexpensive, though I don't know how much is being inexpensive. With gambling license attached to your online casino, you put another level of security to your players. They will trust you more if you have one.

Somehow, I prefer with the Curacao Online gambling license because I see some gambling website use that license. Maybe he can try to contact and use it for his website. With having a gambling license on his website, that will gain more customer to come because you have a valid license that can give them trust in playing online gambling at your site. People will see his website will be a legit gambling site, but he still needs to provide the best services to them, so they don't disappointed

tippytoes

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Quote from: michellee on April 21, 2020, 02:44:59 AM

Quote from: Sadlife on April 21, 2020, 12:37:00 AM

In my knowledge, if the site is hosted in a country that doesn't restricts online gambling then players who access that site and plays online gambling will be violators and gambling site itself will not get any penalties because the government doesn't have jurisdiction of the site.

But i think it's better to consult the devs and lawyers if they have other perspective to the case.

Players who want to play gambling but he afraid of breaking the law, he can try to use VPN to hide his IP when he wants to visit on the gambling site. I think so far, we don't have a problem with playing online gambling, and we can free to playing online gambling. I think if you want to run the crypto gambling site, you need to find a host which allow gambling, and the site will not have a problem with the law in the country. But the gambling site will need a license from the law to running the gambling website.

Yes, using VPN is the usual strategy of most gamblers if he wants to hide his IP. Also, the OP can look about acquiring gambling license in Estonia, I think they have loose regulations over there, if he wants to run the online casino with at least gambling license attached to it. Also, the Curacao Online gambling license, as it is quick and inexpensive, though I don't know how much is being inexpensive. With gambling license attached to your online casino, you put another level of security to your players. They will trust you more if you have one.

michellee

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Quote from: Sadlife on April 21, 2020, 12:37:00 AM

In my knowledge, if the site is hosted in a country that doesn't restricts online gambling then players who access that site and plays online gambling will be violators and gambling site itself will not get any penalties because the government doesn't have jurisdiction of the site.

But i think it's better to consult the devs and lawyers if they have other perspective to the case.

Players who want to play gambling but he afraid of breaking the law, he can try to use VPN to hide his IP when he wants to visit on the gambling site. I think so far, we don't have a problem with playing online gambling, and we can free to playing online gambling. I think if you want to run the crypto gambling site, you need to find a host which allow gambling, and the site will not have a problem with the law in the country. But the gambling site will need a license from the law to running the gambling website.

Debonaire217

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Quote from: Sadlife on April 21, 2020, 12:37:00 AM

In my knowledge, if the site is hosted in a country that doesn't restricts online gambling then players who access that site and plays online gambling will be violators and gambling site itself will not get any penalties because the government doesn't have jurisdiction of the site.

Do you mean that every players are violators and only the gambling site owner is not? Or what you mean is that when a gambling site is hosted in a country which don't have a jurisdiction about prohibiting it, and a player from a country which has a jurisdiction of not allowing their people to gambler such as those that are in the middle east will be violators of their law and will be punished. That is quite reasonable compared to say that players who will access will automatically violate it.

Quote from: Sadlife on April 21, 2020, 12:37:00 AM

But i think it's better to consult the devs and lawyers if they have other perspective to the case.

Well, that still complicated, gambling site owner should consult to devs and lawyers specific to what country they are planning to build their gambling platform. That is because, different country has different laws specifically about gambling (physically or through digital means).

Sadlife

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In my knowledge, if the site is hosted in a country that doesn't restricts online gambling then players who access that site and plays online gambling will be violators and gambling site itself will not get any penalties because the government doesn't have jurisdiction of the site.

But i think it's better to consult the devs and lawyers if they have other perspective to the case.

Taskford

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Before seeking some question regarding on it better to read this articles since provably this one could help you https://www.gamblinginsider.ca/legal-online-casinos/ and after that you should follow what people suggest you since lawyers who got specialization on this field can give you a proper advice and also don't run your site illegally since there will be a conflict with the law so make it illegal so that you will feel secure and you will gain some trust and other benefits from it.

panganib999

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Quote from: yushey on January 23, 2020, 09:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

It will be best and legible to have a license to operate a Bitcoin gambling site because running such website that is based on playing gambling which will obviously involve money will need a license to operate because if you will not be having a license, it can be considered as illegal gambling which will put you into serious cases regarding that one. Even if it is a gambling site that will be using cryptocurrency, I think it is still in need to have a license for legality purposes and to prove that you are legally running a gambling site because legitimacy is one of the elements online gamblers are looking for before getting engage into it since crypto is also a value currency like fiat. I do not know anything about laws in Canada regarding operation of online gambling site so I think you need a lawyer for legal issues like that.

Wintersoldier

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Quote from: yushey on January 23, 2020, 09:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

Online gambling is completely legal for players to gamble in Canada, but it is illegal for people in Canada to operate or run within Canada, so i think if you really wanted to run your own online gambling you should be located in countries like Singapore and other places in the U.S. with a licensed because you cannot operate without any license.

abel1337

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Quote from: DoublerHunter on February 09, 2020, 11:03:12 AM

Quote from: josephdd1 on February 09, 2020, 10:56:17 AM

In almost all countries where BTC is legalised, tax needs to be declared this is irrespective of your earnings. So say, even if you got a way running a casino without a license then you'll still get in trouble when cashing out even if you don't declare it as the amount you'll be dealing will be of a high volume which will flag the authorities anyways. So the bottom line is that you do need a license to operate the casino, otherwise you will run into trouble.

^ Definitely right, running the Bitcoin gambling website without a license will make your business stop operation once it was caught by the authority. I may suggest is hire a lawyer, because when it comes to jurisdictions in which country they are more knowledgable than us. Spend the little amount of money for the license to avoid the possible problem in the future,

That's right, It might not be cheap but it is required for the owner to have their license on their gambling site especially if your gambling site has a great traffic from the gamblers, You will be tracked whether you like it or not, Much worst if your gambling were taken down, The problem will be serious that there's a possibility that you will lose the trust of the gamblers playing on your gambling site.

mindrust

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Quote from: Docnaster on February 09, 2020, 11:34:43 AM

Quote from: josephdd1 on February 09, 2020, 10:56:17 AM

In almost all countries where BTC is legalised, tax needs to be declared this is irrespective of your earnings. So say, even if you got a way running a casino without a license then you'll still get in trouble when cashing out even if you don't declare it as the amount you'll be dealing will be of a high volume which will flag the authorities anyways. So the bottom line is that you do need a license to operate the casino, otherwise you will run into trouble.

I don't think that tax needs to be declared if it's the result of gambling.

A lot of countries don't tax gambling profits, otherwise that would also mean that they need to give tax relief to people who suffer from losses due to gambling.

Since more people lose than win, that would result in a net negative affect on the economy, while people could also funnel all their profits into a casino to offset any tax at all.

Overall, casinos also operate on the same schedule. They are gambling too, albeit with the edge. Because of this, I actually think casinos might be tax free too.

Definitely need to look into this. Can anybody confirm or deny this?

You got that wrong. Directly from IRS's website:

Quote

Gambling winnings are fully taxable and you must report the income on your tax return.

https://www.irs.gov/taxtopics/tc419

What made you think they would let you get away with your gambling profits I wonder though. Did you think gambling is some kind of charity-like income the government won't touch? Cool

Might be different for other countries but I don't really think so.

Docnaster

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Quote from: josephdd1 on February 09, 2020, 10:56:17 AM

In almost all countries where BTC is legalised, tax needs to be declared this is irrespective of your earnings. So say, even if you got a way running a casino without a license then you'll still get in trouble when cashing out even if you don't declare it as the amount you'll be dealing will be of a high volume which will flag the authorities anyways. So the bottom line is that you do need a license to operate the casino, otherwise you will run into trouble.

I don't think that tax needs to be declared if it's the result of gambling.

A lot of countries don't tax gambling profits, otherwise that would also mean that they need to give tax relief to people who suffer from losses due to gambling.

Since more people lose than win, that would result in a net negative affect on the economy, while people could also funnel all their profits into a casino to offset any tax at all.

Overall, casinos also operate on the same schedule. They are gambling too, albeit with the edge. Because of this, I actually think casinos might be tax free too.

Definitely need to look into this. Can anybody confirm or deny this?

DoublerHunter

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Quote from: josephdd1 on February 09, 2020, 10:56:17 AM

In almost all countries where BTC is legalised, tax needs to be declared this is irrespective of your earnings. So say, even if you got a way running a casino without a license then you'll still get in trouble when cashing out even if you don't declare it as the amount you'll be dealing will be of a high volume which will flag the authorities anyways. So the bottom line is that you do need a license to operate the casino, otherwise you will run into trouble.

^ Definitely right, running the Bitcoin gambling website without a license will make your business stop operation once it was caught by the authority. I may suggest is hire a lawyer, because when it comes to jurisdictions in which country they are more knowledgable than us. Spend the little amount of money for the license to avoid the possible problem in the future,

josephdd1

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In almost all countries where BTC is legalised, tax needs to be declared this is irrespective of your earnings. So say, even if you got a way running a casino without a license then you'll still get in trouble when cashing out even if you don't declare it as the amount you'll be dealing will be of a high volume which will flag the authorities anyways. So the bottom line is that you do need a license to operate the casino, otherwise you will run into trouble.

alani123

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With crypto, it's possible for you to run different kinds of ventures without it being immediately obvious to the authorities. Ross Ulbricht is a major example... He was running the Silk Road marketplace and was caught working on it in a public library.

The issue is, without a licence, it'd be hard to cash out on the earned BTC as most territories don't permit the authorized running of gambling websites. So unless a form of money laundering was involved, it's be hard to enjoy the earned wealth.

jrrsparkles

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Quote from: FlightyPouch on February 08, 2020, 08:24:46 PM

Quote from: Question123 on January 24, 2020, 07:57:36 PM

Quote from: FlightyPouch on January 24, 2020, 06:46:55 PM

I think talking to a lawyer could really help you. Here in our country, Philippines, as far as I know, online gambking is restricted. Owning one here in our country is an illegal act so better put an exemption to our country. Other countries would be good though, as long as you talk to a lawyer.

Yes they need to consult to the lawyer to know the law to their country if they be able to create a gambling website but Im pretty much sure lawyer wants to have permit but lawyer know how his gambling site will become legit. Im from Philippines too and creating gambling here in my country needs permit or license feom the government before you operate because possible for the founders to banned if they notice that you operate without any permit I think licenses is not big so you can apply if you want.

Does that mean I could create one as long as I have the permission of the government? I thought that the government already ban making one here in our country, that is good since I am so scared for months now and I am still using VPN to access some gambling sites.

Edit: I've seen this site when I searched about this, to my fellow Filipinos, you could look at this site about these sites. https://www.legalonlinecasinos.ph/reviews/

If crypto gambling is prohibited in your country then it is not okay to run one of it and you will never get permission to run one of them.I remember China influenced some countries to stop involving in gambling activities because people from their country move away here and run gambling business since its completely prohibited there.

xvids

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Quote from: Latviand on February 09, 2020, 05:00:35 AM

Quote from: mocacinno on January 23, 2020, 09:22:28 AM

Quote from: yushey on January 23, 2020, 09:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

I advise you to search a lawyer specialised in this matter instead of following any advice you get on an online forum.

I do know in a lot of jurisdictions it's NOT ok to run a crypto casino since it's *just* crypto

According to Gambling Insider Canada, it is illegal for online Casinos to operate within Canada; however, it is perfectly legal for local players to enjoy gambling at any site that is located offshore. Despite of the gambling site to be affiliated with a decentralized currency, I am not sure whether it would be allowed by the local government in order to just be sure and be safe from jurisdiction or charges perhaps. Might want to consult agencies maybe, or people responsible with permits of businesses. Also, do not plan to start a business without license because that would be for the good of your business for a long run. There are existing gambling sites without license but still, it is not advisable.

Quote from: sana54210 on February 05, 2020, 12:46:52 PM

It seems people who are not having any knowledge about gambling also want to start a gambling business like they must be at least know whether gambling business is legal or not within their country jurisdictions. I just wonder if these kinds of people somehow managed to start a gambling and how they will manage? This could be the reason why we are seeing many business are getting bankrupted over the time. Inexperienced people are getting greedy on non-familiar things: the core reason.

If I were the OP, I should not have started such this topic because finding some basics of starting a gambling business does not require a discussion here but referring some legal persons locally will get me all the answers.

Asking will never be wrong in any form. OP is referring to a crypto-based online gambling site, and this forum is still related to topics with regards to cryptocurrencies, so I don't think there is something wrong from asking such thing.
But it is really a must to be knowledgeable on the business one is planning to start or create. There are risks involved and initial knowledge would be a huge help. It won't be advisable to start something without having any information about it because it would only result to wasted money as well as time.

I think OP just wants to gain some insight opinion of the forum members since we have a lot of gambling owners here and some gambling developers.
OP might have consider about asking a lawyer before even posting in this forum so let's not be harsh besides,
We should also support the dream of other person not drag them down by insulting them.
OP might have enough knowledge on how to handle business that is why he/she is going to start one.

Latviand

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Quote from: mocacinno on January 23, 2020, 09:22:28 AM

Quote from: yushey on January 23, 2020, 09:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

I advise you to search a lawyer specialised in this matter instead of following any advice you get on an online forum.

I do know in a lot of jurisdictions it's NOT ok to run a crypto casino since it's *just* crypto

According to Gambling Insider Canada, it is illegal for online Casinos to operate within Canada; however, it is perfectly legal for local players to enjoy gambling at any site that is located offshore. Despite of the gambling site to be affiliated with a decentralized currency, I am not sure whether it would be allowed by the local government in order to just be sure and be safe from jurisdiction or charges perhaps. Might want to consult agencies maybe, or people responsible with permits of businesses. Also, do not plan to start a business without license because that would be for the good of your business for a long run. There are existing gambling sites without license but still, it is not advisable.

Quote from: sana54210 on February 05, 2020, 12:46:52 PM

It seems people who are not having any knowledge about gambling also want to start a gambling business like they must be at least know whether gambling business is legal or not within their country jurisdictions. I just wonder if these kinds of people somehow managed to start a gambling and how they will manage? This could be the reason why we are seeing many business are getting bankrupted over the time. Inexperienced people are getting greedy on non-familiar things: the core reason.

If I were the OP, I should not have started such this topic because finding some basics of starting a gambling business does not require a discussion here but referring some legal persons locally will get me all the answers.

Asking will never be wrong in any form. OP is referring to a crypto-based online gambling site, and this forum is still related to topics with regards to cryptocurrencies, so I don't think there is something wrong from asking such thing.
But it is really a must to be knowledgeable on the business one is planning to start or create. There are risks involved and initial knowledge would be a huge help. It won't be advisable to start something without having any information about it because it would only result to wasted money as well as time.

AicecreaME

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Quote from: vintages on February 04, 2020, 04:59:37 PM

Quote from: blckhawk on January 31, 2020, 10:29:49 PM

Don't be complacent. Don't run an online casino without permits, even you are running on cryptocurrencies. Seek advice from local personalities available that are knowledgeable of the risks and pre-requisites of running one in your local state. Also, don't rush things, and make testings to make sure your casino won't be abused and bankrupted by some strategies.

You hit the point.
Most upcoming casino are always good in rushing things. Some don't even wait to test things within their website before giving it out to users. At the end, the site becomes easy to hackers. OP, try not to use already made script but one that has is built from a scratch.

Well it is because they wanted to make profits, they wanted to ride the hype, they wanted to be like the popular gambling sites, but they are making a mistake, they are rushing, just like what you've said. They wanted to take the shortcut because they are jealous of other big gambling sites when it comes to their daily bankroll. Just so you know people, running a gambling site, or making one is not that easy, if you want to build a strong foundation to run it for a long time, you also need your time to make it superb.

The bigger the fund, the better, because you could assure yourself that you have enough security and team that will helps you to run it properly in everyday basis.

AniviaBtc

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Quote from: White Christmas on January 23, 2020, 10:00:17 AM

Quote from: yushey on January 23, 2020, 09:17:34 AM

I have a few questions regarding running a Bitcoin gambling website online.

I am located in Canada. So I'm not sure if it's legal for me run a site like this online from within Canada.

If it is legal for me to host the site else where, where is it possible for me to host it and do I need to get it licensed or it's okay to operate without a license since it's crypto.

It would be better if you will ask the business permit and licensing office in your country if it will be good to start a online gambling through the use of Cryptocurrency, because although it is an online gambling I can say that it is also a business so maybe the department of business and affairs are the one you need to contact first in order for you to know what would be the need to start a online gambling website, or even try to catch-up a question with a lawyer if it is possible to set up an online gambling with the influence of crypto in your country.

Maybe, it is allowable because if they so, you'll be an another source of taxes for them. If it is legal then you need to pay a certain percentage of the taxes on your country. That's the only way they will benefit to your business, and you really need to deal with it if you want to start online gambling with cryptocurrency. But in some country, the government doesn't allow people to enter the world of cryptocurrency. So it is very rare for a country to allow you start an online gambling business. Try to contact first the authority so that you'll not have any conflict or problems when you want to run an online gambling site. Nevertheless, you can also help the promotion of a cryptocurrency to your community.

Topic: Running an online Bitcoin gambling website (Read 1261 times)