30 Jan '14, 4pm

Legal Online Gambling is Next Major Bitcoin Market

Legal Online Gambling is Next Major Bitcoin Market

The international online gambling industry is an estimated $30bn market , and growing. More importantly for Bitcoin, it’s a global market that depends on fast, irreversible payments. Just like a ordinary casino chip in any land-based casino, digital bitcoin provides privacy, immediacy, and payment finality. Unlike most typical consumer purchases (where returns and chargebacks are usually legitimate), a wager is a one-way transaction. Of course, you may be dissatisfied with the outcome, but that does not justify a reimbursement. The online gambling industry has struggled with this fact for years. Plagued by chargebacks and fraudulent transactions, specialized payment methods and payment companies have sprouted up around the online casino world to address the problem of payment finality . iGaming and bitcoin For the first time ever, the world’s largest and most comprehensive...

Full article: http://www.coindesk.com/legal-online-gambling-next-major-...

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Bitcoin

Bitcoin

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cathaycineplexes.com.sg 30 Jan '14, 5am

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cathaycineplexes.com.sg 30 Jan '14, 6am

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businessinsider.com 07 Feb '14, 7pm

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Vera&John Becomes First Licensed Casino To Accept Bitcoin #bitcoin

Vera&John Becomes First Licensed Casino To Acce...

coindesk.com 29 Jan '14, 7am

Large online casino Vera&John has become the first licensed and regulated online casino to accept bitcoin deposits. The Ma...

Bitcoin's Legality Around The World

forbes.com 01 Feb '14, 1am

Alderney (Channel Islands): Even though it’s been heralded as the possible first Bitcoin Isle , there’s no official govern...

#bitcoin

#bitcoin

coindesk.com 31 Jan '14, 2pm

A new Hong Kong bitcoin exchange has launched after raising $2m in funding from local investors. The exchange, HKCex , sai...

Congress' new report tells you where Bitcoin is...

engadget.com 04 Feb '14, 10am

Unfortunately, you can't assume that Bitcoin is legal everywhere you go -- it's safe to use the digital cash in some count...

Visa CEO Doesn't See Bitcoin As Business Threat

Visa CEO Doesn't See Bitcoin As Business Threat

coindesk.com 30 Jan '14, 6pm

Visa CEO Charlie Scharf offered his opinion of bitcoin and other emerging virtual currencies on 30th January in a conferen...