Bitcoin betting exchanges

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george
Posts: 137
Joined: Mon Oct 12, 2009 4:07 pm

i notice recently that a lot of bitcoin betting exchanges are available on the net that offer anonymous betting few examples are :

https://www.betbtc.co/

https://www.fairlay.com/

so i was wondering if this concept is anonymous are the same laws apply to them in comparison to betfair and betdaq

do they need a gambling license to operate ?

cause i cant see any geographical restrictions , if not that means anyone can just set up a website and offer an anonymous betting exchange make money and no pay any taxes as a company or follow any law restrictions

Thanks in advance

George
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Euler
Posts: 26473
Joined: Wed Nov 10, 2010 1:39 pm

Bitcoin is a bit of a wild west, so I doubt they are regulated.

The problem with Bitcoins is they are so volatile. So it's a bit like saying I'll pay £1000 for that +/- £250.
george
Posts: 137
Joined: Mon Oct 12, 2009 4:07 pm

i like the concept of anonymous betting but i dont trust bitcoin as a currency

Peter any news from your trip to san francisco anything interesting we can wait for in the near future ?
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

I read an article along the lines of this not so long ago but I can't remember where it was. Perhaps on the forum somewhere?
8ball030
Posts: 5
Joined: Wed Nov 18, 2015 7:27 am

Hello,

I remember reading fairly recently that the US ha closed mt gox, so sure that kind of legal stance taken by the us will have an even further negative impact on the currencies value/volitility.

Also as an exchange, i would think it be fairly illquid?

I'm also very new here and this seemed a good place to introduce myself!

:)
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