Bitcoin-based US Friendly Online Gambling Website

CoinBet has launched a new online gambling website specifically targetted towards the US market and residents. This website claims to be the first fully licensed gambling company operating in the US. American residents can use the gaming platform, which offers casino, poker and sports betting, and which can accept and process real money wagers from US players and which allows these players to move money in and out of the platform by using Bitcoins.

One of the most appealing features of the new CoinBet website is its promise of anonymity. The site registration requires only an email address and password and opens up a world of real money online gambing for US residents. The reason CoinBet is able to operate within the United States and offer its services to US residents, is because Bitcoins is not yet legally considered to be a currency (at least not by the US government). Online wagering using Bitcoin is not illegal under the Wire Act or under the Unlawful Internet Gambling Enforcement Act (UIGEA).

This way, CoinBet claims to have become the first real money, one stop, online gambling provider for the US market after April 15th, 2011 or the day best known as Black Friday within the online gambling industry.

Recent Posts

Ripple’s XRP is skyrocketing as the team celebrates three wins in a row in its SEC lawsuit

This Friday, U.S. Judge Sarah Netburn granted Ripple’s motion to keep its CEO’s financial records private after the Securities and Exchange Commission…

21 hours ago

SEC’s Crypto Mom is calling for the U.S. to catch up and considers a ban on Bitcoin foolish

According to Hester Peirce, an American lawyer and Commissioner at the US Securities and Exchange Commission (SEC), a government ban…

22 hours ago

Bloomberg expects Bitcoin price to land on $400,000 in this halving cycle

In the latest edition of its monthly “Crypto Outlook,” Bloomberg, senior strategist Mike McGlone reports on the bullish narrative around bitcoin…

22 hours ago

Coinbase high valuation is not a “done deal”, as analysts issue some caution ahead of its direct listing

Looking ahead to next week’s Coinbase direct listing, analysts conclude that by no means it is a “done deal” game…

23 hours ago

Bitcoin’s adoption is at a “tipping point”, according to Fidelity Investments Executive Tom Jessop

During an interview at Marketwatch and Barron’s “Investing in Crypto” event, Tom Jessop, Head of Fidelity Digital Assets at Fidelity…

3 days ago

Cardano’s Alonzo upgrade is expected to be live by end of summer

In a blog post that was announced on their Twitter page on Thursday, The Input Output HK (IOHK) team outlined…

3 days ago