CloudBet Freezes Customer Account A crypto gambler learned the hard way why you shouldn’t use a VPN to gamble online recently after getting tangled up in a high-stakes game of deception with Cloudbet. After winning a substantial amount of Bitcoin gambling on the Cloudbet platform, Bitcointalk user Swofty, attempted to withdraw his winnings, only to find that Cloudbet required his ID before they would greenlight the withdrawal. There was just one problem, Swofty was a United States resident hiding behind a VPN.
Cloudbet expressly forbids users residing in the United States from participating in their casino and blocks them from accessing the games, but Swofty used a VPN to get around the country block.
Previously, Swofty has been using Cloudbet to gamble with crypto, but last year the site blocked all US and UK players in order to protect themselves from tightening regulations. However, some of their users, like Swofty, did not want to stop playing, and a VPN seemed like an easy enough solution to the problem.
This might seem like a great idea at first, but if you check the terms of service for nearly any online casino, you’ll see that most of them reserve the right to ask for identification before processing large withdrawals. While many people think that this only applies to casinos that process fiat deposits, this is not the case, and even cryptocurrency casinos can ask you for your ID before paying out.
Cloudbet expressly forbids users residing in the United States from participating in their casino and blocks them from accessing the games, but Swofty used a VPN to get around the country block.
Previously, Swofty has been using Cloudbet to gamble with crypto, but last year the site blocked all US and UK players in order to protect themselves from tightening regulations. However, some of their users, like Swofty, did not want to stop playing, and a VPN seemed like an easy enough solution to the problem.
This might seem like a great idea at first, but if you check the terms of service for nearly any online casino, you’ll see that most of them reserve the right to ask for identification before processing large withdrawals. While many people think that this only applies to casinos that process fiat deposits, this is not the case, and even cryptocurrency casinos can ask you for your ID before paying out.
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