10 Jan '13, 10pm

Online Gambling Site Bets On Bitcoin To Avoid U.S. Laws

writes with a story about an online gambling site operating planning to use Bitcoin to sidestep U.S. regulations effectively banning online gambling. From the article: "Michael Hajduk had sunk one year and about $20,000 into developing his online poker site, Infiniti Poker, when the U.S. online gambling market imploded. On April 15, 2011, a day now known in the industry as Black Friday, the U.S. Department of Justice shut down the three biggest poker sites accessible to players in the U.S., indicting 11 people on charges of bank fraud, money laundering, and illegal gambling. ... Infiniti Poker ... plans to accept Bitcoin when it launches later this month. The online currency may allow American gamblers to avoid running afoul of complex U.S. laws that prevent businesses from knowingly accepting money transfers for Internet gambling purposes. 'Because we're using Bitcoin, we...

Full article: http://slashdot.org/story/13/01/10/2147224/online-gamblin...

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