Bitcoin

Bitcoin: Making Online Gambling Legal in the U.S.?

Bitcoin

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. Player accounts were frozen, leaving thousands of Americans without access to their funds. “It was like a bomb went off,” Hajduk says. To continue gambling, “U.S. players were uprooting their families and moving to Malta. Crazy stuff was happening.” Hajduk, though, was barely fazed. Calgary-based Infiniti Poker, like several other new online gambling sites, plans to accept Bitcoin when it launches later this month. The online currency may allow American gamblers to av...

Full article: http://www.businessweek.com/articles/2013-01-03/bitcoin-m...

Tweets

@Zwett » 14 Jan '13, 10pm
@ErikVoorhees Ya I saw..to bad theres only 100 people on the site. But looks like there will be more sites this year [link]
@parkparadigm » 14 Jan '13, 12pm
RT @AAinslie: #Bitcoin: Making Online #Gambling Legal in the U.S.? [link] $BCOIN $$
@AAinslie » 14 Jan '13, 8am
#Bitcoin: Making Online #Gambling Legal in the U.S.? [link] $BCOIN $$
@LocalsGaming » 12 Jan '13, 4pm
While much of the press about Bitcoin has been limited to offshore gambling and drugs, it truly has the potential... [link]
@MikeAvus » 11 Jan '13, 11pm
RT @kevinkoskella: Businessweek: Bitcoin making online gambling legal in the US? [link]
@steveashleyplus » 11 Jan '13, 12pm
Finally, a real-world use for Bitcoin: Enabling Americans to legally gamble online. (BWk): [link]
@LeoAW » 11 Jan '13, 10am
Online gambling might soon be accessible to US residents as #Bitcoins spread. [link]
@jwulff » 11 Jan '13, 3am
This is great news! Bitcoin poker! [link]
@jtbarbour » 11 Jan '13, 2am
Bitcoin is poker's savior? [link] via @BW
@metacode » 11 Jan '13, 12am
Making Online #Gambling Legal in the US with #Bitcoin? [link] (@slashdot cc @Maxkeiser)
@bsmuir » 10 Jan '13, 11pm
#BitCoin, everyones fav money #laundering tool is back. This time assisting online #gambling companies flout the law! [link]
@mammadori » 10 Jan '13, 11pm
#Gambling over #Bitcoin : [link] , another sign of a bitcon #apocalypse ;-)
@leaartis » 09 Jan '13, 8pm
Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW @KlausTeuber @jordankelley @sammyglaser
@DirectPayNet » 08 Jan '13, 11pm
Where there is a will there is a way. #bitcoin makes it legal (for now) to gamble online in the US. [link]
@omarpassons » 08 Jan '13, 2am
RT @jerrybrito Bitcoin: Making Online Gambling Legal in the U.S.? [link] It’s amazing how fast this is all happening.
@jerrybrito » 08 Jan '13, 2am
Bitcoin: Making Online Gambling Legal in the U.S.? [link] It’s amazing how fast this is all happening.
@vicperotti » 07 Jan '13, 8pm
Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW discussed today in #ritbuildwebbiz
@copyright_italy » 07 Jan '13, 8pm
Bitcoin: Making Online #Gambling Legal in the U.S.? [link] via @BW #gaming #scommesse
@KellyFreySr » 07 Jan '13, 4pm
everything old is new again - Bitcoin virtual currency latest in string of online currencies dating from First Virtual…[link]
@BurlywoodCap » 07 Jan '13, 2pm
RT @DrSalGainsbury: Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@chriscraw9 » 07 Jan '13, 7am
RT @DutchBoyd: Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@tguemes » 07 Jan '13, 6am
Curious: "Bitcoin: Making Online Gambling Legal in the U.S.? - Businessweek" [link]
@beala » 06 Jan '13, 6pm
Online gambling will be bitcoin's big break. [link]
@lanalana » 06 Jan '13, 5pm
Bitcoin + online gambling mt @dpwoodford interpretation may be questioned, but interesting nonetheless: [link] /cc @lanalana
@chenx064 » 06 Jan '13, 9am
Bitcoin's U.S. beachhead? Online gambling, perhaps. [link]
@HPamminger » 06 Jan '13, 6am
[link] Bitcoin - the highly questionable internet currency to unbolt the US Online gambling market?
@ronhekier » 06 Jan '13, 3am
Bitcoins and online gambling @johnholloway [link] @johnholloway
@palewire » 05 Jan '13, 6pm
All-american Bitcoin illo [link]
@josealivivas » 05 Jan '13, 6pm
Or not? #bitcoin is facing some issues with gambling world and then, other solutions [link]
@MikeGomolaUCONN » 05 Jan '13, 6pm
RT @PokerScout1: Can Bitcoin make US online #gambling legal? [link]
@BitcoinByte » 05 Jan '13, 4pm
RT @parneetg: Bitcoin: Making Online Gambling Legal in the U.S.? via @BW. I'm willing to bet gambling is just the start for Bitcoin | [link]
@breizh06 » 05 Jan '13, 4pm
"Infiniti Poker" site de paris en ligne qui accepte les #Bitcoin pour contourner les banques et les lois fédérales. [link]
@parneetg » 05 Jan '13, 2pm
Bitcoin: Making Online Gambling Legal in the U.S.? via @BW. I'm willing to bet gambling is just the start for Bitcoin | [link]
@MicJohnson » 05 Jan '13, 12pm
Bitcoin: Making Online Gambling Legal in the U.S.? - Businessweek @itried2warnu [link]
@webpageone » 05 Jan '13, 11am
RT @Techmeme: Bitcoin: Making Online Gambling Legal in the U.S.? (@caro_winter / Business Week) [link] [link]
@Techmeme » 05 Jan '13, 11am
Bitcoin: Making Online Gambling Legal in the U.S.? (@caro_winter / Business Week) [link] [link]
@coreyo » 05 Jan '13, 3am
The accompanying Illustration is awesome - Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@IAmPaulGraham » 05 Jan '13, 1am
Realistically, can it ever be stopped? Legalise it & get the taxes. Bitcoin: Online Gambling Legal in the U.S.? [link] via @BW
@djann26 » 04 Jan '13, 8pm
RT @GamingLobbyist: Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@ijiLaw » 04 Jan '13, 7pm
H/t @VictorRocha1 BizWeek: #Virtual #Currency uncertainties increased as Bitcoin engages in dicey #P2P gaming space [link]
@DevLepper » 04 Jan '13, 6pm
.@Mark_Gahagan Interesting loophole, eh? [link]
@Sihamjamaa » 04 Jan '13, 6pm
RT @GamingEdge: Can online gambling in the US be made legal through the introduction of a new currency, Bitcoin? [link]
@MiconBot » 04 Jan '13, 5pm
RT @tmmets29: Hmm interesting....Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@tmmets29 » 04 Jan '13, 5pm
Hmm interesting....Bitcoin: Making Online Gambling Legal in the U.S.? [link] via @BW
@stealthmunk » 04 Jan '13, 5pm
@BryanMicon RT @GamingCounsel: RT @taxdood: #Canadian -based @InfinitiPoker plans to accept #Bitcoin from U.S. players [link]
@Mega_bitcoin » 04 Jan '13, 5pm
RT @ErikVoorhees: BusinessWeek: Bitcoin: Making Online Gambling Legal in the U.S.? [link] #casino #poker #satoshidice @calvinayre
@ErikVoorhees » 04 Jan '13, 5pm
BusinessWeek: Bitcoin: Making Online Gambling Legal in the U.S.? [link] #casino #poker #satoshidice @calvinayre
@InfinitiPoker » 04 Jan '13, 5pm
RT @Kevmath: For @BryanMicon - RT @taxdood: Canadian-based @InfinitiPoker plans to accept Bitcoin from U.S. players [link]
@Kevmath » 04 Jan '13, 5pm
For @BryanMicon - RT @taxdood: Canadian-based @InfinitiPoker plans to accept Bitcoin from U.S. players [link]
@taxdood » 04 Jan '13, 5pm
Canadian-based @InfinitiPoker plans to accept Bitcoin from U.S. players [link]

Bitcoin: Making Online Gambling Legal in the U.S.?

Bitcoin

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