04 Jan '13, 7pm

Bitcoin-based gambling to expand in 2013

Last year, we wrote about Satoshi Dice , a Bitcoin-based online "slot machine." This month, at least one company hopes to introduce Bitcoin-based poker. The move could help to re-open online poker to American gamblers in the face of vigorous efforts by the US government to shut down online poker sites that serve Americans. Online gambling has been illegal since 2006 . But of course that hasn't stopped American Internet users from looking for ways to play on overseas websites. In recent years, the government has used a variety of tactics to crack down on overseas sites that cater to American customers. A key vulnerability of offshore gambling sites is the need to get cash to and from American gamers. Until recently, the only practical way to do this was via traditional financial networks that are subject to regulation by the US government. Indeed, a ban on the use of credit...

Full article: http://arstechnica.com/tech-policy/2013/01/bitcoin-based-...

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Bitcoin-based gambling to expand in 2013

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