Bitcoin Enables Online Poker for U.S. Residents
Given that Bitcoin isn’t a legal currency, and given that it doesn’t use the banking system in any manner, is the use of Bitcoin the way to be able to play online poker in the US? That seems to be what several poker sites are thinking and while they might even be right in a strict legal sense I don’t think they will be for long.
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 avoid running afoul of complex U.S. laws that prevent businesses from knowingly accepting money transfers for Internet gambling purposes. “Because we’re using Bitcoin, we’re not using U.S. banks—it’s all peer-to-peer,” Hajduk says. “I don’t believe we’ll be doing anything wrong.”
I’m entirely willing to believe that this is entirely true in a strict legal sense. However, I’m a great deal less convinced that it’s going to work in any long term manner. For I don’t see the great campaign against online poker as actually being based on any real logic in the first place. And as such, I don’t see the authorities reacting kindly to such a flouting of their expressed wishes.