20 Dec '13, 2pm

Bitcoin poker wins online after U.S. shuts cash sites

Bitcoin poker wins online after U.S. shuts cash sites

By Saumya Vaishampayan , MarketWatch NEW YORK (MarketWatch) — If poker wasn’t already enough of a gamble, players are increasingly placing bets with the most speculative currency of them all: bitcoin. Poker websites have started accepting bitcoin from U.S. players to skirt federal legislation that makes it illegal to transfer funds associated with illegal Internet gambling, at a time when bitcoin advocates are striving to distance the virtual currency from illegal activities. Enlarge Image The move to bitcoin in online poker started after the Department of Justice seized three of the biggest poker websites in the U.S. on April 15, 2011, a day known as Black Friday in the poker community. Bitcoin poker has gained momentum this year alongside the expanding profile and rising price of bitcoin, open-source software that has been heralded as both a virtual currency and protocol...

Full article: http://www.marketwatch.com/story/bitcoin-poker-wins-onlin...

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