online gambling information

Betting Articles

Systems, Stradegies,  Reviews, & More !



  

Bitcoin & USA Online Gambling

Bitcoin has proven to be quite a powerful force in the online casino arena. Many off shore casinos accept bitcoin payments now. One question for most folks is whether or not bitcoin gambling is even legal in their region. This question is particularly valid in the United States, as things are not as black-and-white in America by any means.

The truth is Bitcoin gambling is really no different than any other gambling as far as USA players are concerned. At the end of the day the same laws apply to Bitcoin wagering as they do with any other type of internet gambling. Basically, what the law states about online gambling in the United States is that it's illegal to accept wagers, but it's not illegal to place them. This is the exact reason why the gambling sites that accept USA players are exclusively located offshore so they don't run afoul of the strict regulations.

Bitcoin gambling is tied up closely with the laws with online gambling as a whole. The thirsty desire of the U.S. Federal and State governments for tax revenue, sometimes coupled with moralistic views about gambling, is what makes it somewhat difficult to gamble online in the United States. The main law covering online gambling is the Unlawful Internet Gambling Enforcement Act of 2006. This law targets any business that takes online payment for gambling purposes. Many lawmakers were worried that online gambling sites outside of the reach of government oversight could be a way to launder money. With the worries about terrorism at the time, the law passed pretty easily.
The law doesn’t specifically target digital currencies nor does it target individual gamblers. So, technically, there’s nothing stopping any USA citizen from going to a BitCoin Casino and having some fun, but there is a huge risk for the casino operators. The law made it illegal for banks to process transactions for online gambling businesses, effectively shutting off the flow of U.S. dollars to the gambling websites.

Legitimate Bitcoin casino operators such as Ignition Casino have well established trustworthy gaming policies. They also maintain very  high standards in providing fairness on all their games. The blockchain reinforces transaction fairness while allowing immediate deposits and more importantly quick and easy withdrawals. Above all, the whole process is totally anonymous. Plus, there is a second ruling that protects players, specifically players of online poker. In 2012, poker was declared a game of skill, not of luck. This took poker out of the realm of gambling in a technical sense. This means only the parts of the law regarding banks and handling transactions to gambling businesses only applied to operators who did not offer the game of poker.

There are still very few casino operators willing to operate openly in the U.S., forcing most players who want to play to find operators licensed in other countries, but gambling licensing laws in different countries vary widely. Some of the most trusted Bitcoin casinos use geoblocking just so they can cover their legal backside, but that’s not stopping some people from using VPN software compatible with Bitcoin to play on sites that are geoblocked. Individual gamblers are currently safe from governmental scrutiny, but even that situation can change at any given moment in time. Just be aware of any future changes & in the meantime happy online crypto currency gambling;-)



Sam Becker





Top 10 Sport Sites
More Articles:

BitCoin~Slots
Known as an awesome Bitcoin only casino, Slots.com is also an online
mobile-first casino that is easy to use, has exclusive games with...


The Blackjact System
I came across a different kind of  blackjack system the other day
 and thought it would be wise to give it a fair review
...

Ignition Online Casino Has It All !
Offering US players the choice of over a hundred

thrilling casino games,...

Top Rated Roulette System
There are many roulette systems out there for you to choose from to gain
the upper hand playing roulette. But do any of them actually work?

Top Online SportsBook
New Depositors benefit from a Free Sports Bet up to $250
while many lean on signup bonuses in trying to...


Are You Feeling Lucky?
We certainly hope so as there are a whole host of fantastic prizes to be
won in a completely free to enter and open to all readers of....


Difference Between Playing Online & Land Based Casinos
No question that in the earlier times playing at land based casinos
was the only way that the gamblers....


Point Spreads vs. Money Lines
All sports teams are not created equal. If all sports bets came down to
 Team A vs. Team B, it would be difficult to get action. In many cases,


Succeed At Sports Betting
In over 20 years of gambling on horse racing and sports I can honestly say
for around 15 of those years I lost money regularly. I guess looking back you
could say it was a learning curve but...

Online Gambling Legislation/History

Until recently, gambling legislation in the United States had not changed much

since Congress passed the Wire Act in 1961. This, however, only covered....


Online Bingo Plus !
Downtownbingo.eu offers American(USA) and European players the best in
online Bingo, while featuring a variety of ....


Blackjack Strategy
Card counting is an advanced technique used to gain an edge when playing blackjack.
 A player must first know the basic strategies for blackjack before learning ......


Superior Craps Review
You've probably heard the loud excitement that a Craps table stirs at any
casino. It is common to find players.....


Knowing The Odds
This simple rule will help the smart player limit their
play to the games with the best player odds.


Online Gambling Benefits
Online gambling has a multitude of social benefits due to its
 efficiency and convenience. The first benefit derived from online betting
is the provision for more..

Online Racebook Wagers Made Easy:-)
There was a time when only the richest horseplayers in the world could
place their bets at the track of their choosing, from the familiar

Caribbean Stud Advanced Tips
Getting ahead in Caribbean stud is not easy. Even though any individual hand or sequence
of hands can result in a nice payout, over the long  haul....


Playing Craps Online

As a new craps player you have probably seen a hot craps table from
 a distance before and you know how exciting the game can get. If, however,

3D Slots Are Now Available On The Net!
With the recent launch of an all new 3D Slots gaming experience, Bovada Casino has
truly become the best online casino for gamers anywhere. Players can test drive the new..
.

SmartPhone/Tablet Casino Games
Gone are the days when players had to stay home to get their gaming on. With the simple touch of
a button, players can dive into all the games offered at our casino via their mobile...

Accepting USA Players !
Café Casino was created to offer USA Players the most value for their money
and an escape from the daily grind. Dedicated to providing over 200 of the best online
...



EMAIL

Return to Top


HOME