Bitcoin: Making Online Gambling Legal in the U.S.?

[elgreco]

http://www.businessweek.com/articles...he-u-dot-s-dot

[seanwilliam1988]

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As long as online casino sites and other gambling portal are doing their business the right way, I think there’s no reason why bitcoin gambling should not be legalized.

[jjgold]

no..will not happen. Casino gambling is already legal in certain states online like NJ and not doing great. As far as sports betting it could happen in usa in 10-15 years

[Hareeba!]

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"Casino gambling is already legal in certain states online like NJ "

I've heard about that as well. There are also betting casinos which are legally operating. One I know is --. Time will come and every state will be working on the legalization of casinos--online or otherwise.

If they're legal there's really no need to use Bitcoin.
Bitcoin's success, indeed very existence is reliant on people needing to get around various laws which make using genuine currency too difficult or impossible.

[jjgold]

Bitcoin is crumbling and will eventually be worth nothing

[SBR_John]

Bitcoin is crumbling and will eventually be worth nothing

I thought that briefly in the early days. Now I marvel at it and the thinking, planning and execution that went into its development.

I'm starting to conclude the more they try to ban it the more valuable they become.

[byronbb]

Check out just-dice.com. Guy allows people to invest their coins that serve as the sites bankroll. Sitting now at 40k bitcoins it allows degenerate whales to max bet a coin flip at 200btc or 130k usd. Bigger limits than Macau. Site has earned 14k bitcoins so far. The truly amazing thing to me is a random dude has managed to raise a $26 million dollar bankroll with no legal issues or red tape to speak of.

[jjgold]

Its too unregulated, it can go to zero at anytime