Topic: Some basic legal questions about opening a bitcoin gambling site - page 2. (Read 1099 times)
August 27, 2016, 07:01:57 PM
I don't think there is lagal issues about opening a bitcoin gambling site, or about exchange the btc into fiat, the real problem is that you have to start with really good budget to start such site
August 27, 2016, 06:42:57 PM
i seriously doubt you could afford to run a compliant gambling site. if you're anywhere near the us you're gonna get yourself in a world of legal pain. better to stay anonymous and host it elsewhere.
if you try to cash out via places like coinbase or bitpay or anywhere with American presence and they find out it's gambling profits they'll get rid of your custom asap.
if you try to cash out via places like coinbase or bitpay or anywhere with American presence and they find out it's gambling profits they'll get rid of your custom asap.
August 27, 2016, 06:39:05 PM
I think there is no issue about opening a bitcoin gambling site as far as you don't scam people and you install the provably fair game into your site. Then you can exchange the bitcoin from your wallet to your banking ewallet easily too
August 27, 2016, 05:33:38 PM
I'm looking into the possibility of starting a small esports bitcoin betting site but I'm pretty uninformed on the legal aspects involved. My biggest question is about transferring bitcoin from the site to USD. From what I've read, it seems like this is where you can get into trouble. Is there a way to legally transfer profits from a site like this to fiat money?
Also, would it benefit for a site like this to be based outside of the US in a place like Costa Rica? If it were, would there be any legal issue with accepting users from the US?
Thanks for any help you can give me.
Also, would it benefit for a site like this to be based outside of the US in a place like Costa Rica? If it were, would there be any legal issue with accepting users from the US?
Thanks for any help you can give me.
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