Stablecoin and Crypto Gambling Guides

Bovada Poker Relaunches in the USA & Latin America

9/29/2017

The reopening comes a year after Bovada seemingly sold its poker service to Ignition Casino for an undisclosed sum. The nature of the transfer was ambiguous; players were unsure if Ignition was simply a rebranding of Bovada Poker, or if it was a separate company that had acquired Bovada Poker.

However, it’s now clear that last year Ignition Casino simply acquired the rights to operate a clone of Bovada’s poker software. Although they will use the same software and network, the Pai Wang Luo Poker Network, Bovada and Ignition will operate independently of each other.

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U.S. Gamblers Breath Sigh Of Relief Following IRS Coinbase Decision

8/21/2017

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Digital currency exchange Coinbase has a won an important battle with the Internal Revenue Service, halting the US government’s demands for the transaction history of all of its users.

Despite not having a clear digital currency tax strategy, the IRS sent Coinbase a summons in November 2016 in which it requested the transaction history from 2013-2015 of all of Coinbase’s customers. Known as a “John Doe summons”, this request would have entailed Coinbase sharing sensitive information of half a million customers, many of whom have engaged in only small transactions during that period. Among these users were gamblers who use bitcoin for online wagering and conduct their buys and sells through Coinbase. Many of these bettors may not have paid tax on their bitcoin-related winnings, and as such would be subject to retrospective tax payments and possible fines.

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ICO's Raise Millions For Blockchain Gambling Startups

8/18/2017

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The rise to prominence of blockchain technology has sparked a wave of new crypto-coins. These coins are often introduced to the world in the form of a crowd sale known as an Initial Coin Offering (ICO) – a new fundraising tool that sees crypto-coins of the future purchased in exchange for established ones that have liquid value. Investors bank on the hope that this fledgling currency will turn out to be successful, prompting the value of each token to rise exponentially and generating significant – and quick – returns.

But these coins do more than simply offer potentially massive profits to those that invest in them; they are also increasingly underpinning the online gambling platforms of the future. A fresh batch of blockchain-powered online games and casinos are redefining the way this industry operates, and the blockchain gambling start-ups that have invested in ICOs are reaping the biggest rewards.

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3 Quick Steps To NFL Sports Betting With Bitcoin

8/16/2017

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Bitcoin gambling has enjoyed a surge in the past couple of years. And America’s most popular sport, NFL, is often a go-to for sports bettors looking to wager with the world’s most renowned digital currency. With its wide range of spread betting, money line, totals and other markets, NFL betting has numerous intricacies that broaden its appeal. But while they may be familiar with wagering on American football, the majority of sports bettors remain oblivious to the mechanics of wagering with bitcoin, and wouldn’t even know where to start. This guide can help remedy that. Here are three quick steps to placing NFL wagers with bitcoin.

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Ignition Casino Brings Bitcoin Poker To Australia

8/3/2017

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Online gambling and online poker in particular is coming under attack in Australia by Malcolm Turnbulls' government. Recent legislation banning online poker in the country has taken the game from the hands of worldwide online poker operators, and into the hands of poker sites that tend to focus on countries where the games are banned. Ignition Casino & Poker, previously only available to poker player in the United States, is moving into Australia and accepting bitcoin to serve those players.

Formerly known as Bovada, Ignition Casino is bringing the model that it has used in the United States to Australia, with a pillar of that model being their use of bitcoin for account funding. What makes bitcoin an ideal method of funding in Australia is exactly what has made it work in the USA, which is the elimination of any legal issues associated with using it when compared to using the currency of each of those countries.

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Offshore Gambling Jurisdictions Embrace Cryptocurrencies

7/24/2017

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Chief among the factors behind bitcoin’s surge over the past 12 months is its wider acceptance as a payment method by major companies and websites. One sector where bitcoin is on the rise is online gambling, with bettors, bookmakers and online casinos all embracing the digital currency. Faced with mores stringent regulations and higher taxes for operating in certain countries, gambling companies can offset these losses by offering bitcoin as a payment method while operating in an offshore gambling jurisdiction. As such, betting companies and offshore jurisdictions alike are reaping rewards from embracing bitcoin.

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Which Major U.S. Online Poker Rooms Accept Bitcoin & Other Crypto-Currencies?

7/11/2017

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Bitcoin is rapidly closing the gap on conventional currency as the preferred option for US poker players, and it’s easy too see why. Blockchain technology, the foundation on which bitcoin is built, is secure and verifiable by design. Not only that, but it allows for lightning-fast and reliable money transfers. This is what gives bitcoin poker an edge over conventional currency: it allows players to withdraw funds and have that money in their account within twenty-four hours. There are other benefits too. It provides greater player anonymity, as bitcoin poker sites generally don’t ask registrants for their personal details. You can potentially get more rakeback depending on which site you play at. If you fancy giving bitcoin a go, see our list below of the major US poker rooms that accept bitcoin.

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Crypto-Currency Sportsbook DirectBet.eu Ceases Operations

6/1/2017

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DirectBet.eu, one of the world’s most popular and reputed cryptocurrency gambling websites, has abruptly shut down. Although there is much speculation as to why the website closed without any prior warning, DirectBet has not given any reasons for the shutdown, simply stating that ‘we decided to close DirectBet in order to pursue other interests.’

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Uncle Finney’s Poker Becomes World’s First Ethereum Poker App

5/19/2017

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A new Android poker app is breaking new ground by allowing players to wager with Ethereum, an emerging crypto-currency. Referred as Ether, the exciting digital currency utilizes virtual contracts to manage the transfer of funds between two parties. In the case of Uncle Finney’s Poker, a heads-up, two player poker game exclusive to Android mobile devices, smart-contract technology manages and settles bets.

All pre-agreed conditions of the smart contract must be fulfilled before either party receives payment in Ether, with funds held in virtual escrow until that occurs. The smart-contract technology that handles this vital escrow function is known as Ether For The Rest Of The World (E4ROW), which manages all deposits and pay-outs on the app in real time.

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Bitcoin Gambling Will Prosper in Australia Following Poker Ban

4/13/2017

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Australia has followed the United States' lead with their recent decision to ban online poker and live sports betting. Australia originally brought up this issue with their proposed 2001 Internet Gambling Act that aimed to outlaw all types of online gaming but that bill had loopholes that allowed Internet betting to continue. The Interactive Gambling Amendment Bill of 2016 aims to close those loopholes for good.

It's worked so far. 888Poker took the hint and left the Australian market in January and PokerStars is inevitably following suit. The latest legislation requires poker sites to be licensed in the country in order to offer their services to Australian residents – except there is no licensing or regulatory process for online poker at this time.

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