Bitcoin betting

‘since as a dual-national I can use my non-US passport and not run afoul of any US laws against gaming’

This is not correct, as the United States does not recognize any citizenship but its own (and that pretty much includes those with a Green Card, with the IRS claiming the right to tax their world wide income the same as an American citizen). As a concrete example, an American citizen using a non-U.S. passport to travel to a country like Cuba is still subject to this – ‘Unless authorized by a general or specific license, any person subject to U.S. jurisdiction who engages in any Cuba travel-related transaction violates the Regulations and may be subject to penalties.’

Bitcoin makes online gambling easy

2014-03-12 18:44:55 by -

Gamblers Wager Billions On Unregulated Bitcoin Betting Sites
Transaction costs are extremely low, meaning it doesn’t cost a lot to send and receive coins. Transactions are also irreversible. Once you send Bitcoins to someone else, you can’t request them back in exchange for returning the service or good you purchased. For gambling operators, this irreversibility eliminates the risk of chargeback fraud.
The benefits of doing business in Bitcoins have been a boon for 34-year-old professional poker player Bryan Micon, the chairman of Bitcoin poker site SealsWithClubs.eu. The site, Micon estimates, has done about 20,000 transactions over its 2

Here you go, bitcoin boys and girls

2013-10-23 10:21:40 by PB-Strikes-Back

There's been no end to bitcoin's volatility in 2013.
The decentralized electronic crypto-currency has risen 15 fold relative to the U.S. dollar since the beginning of the year, from $13.30 on December 31 to $205.50 on October 22, its highest price since April.
This extreme momentum is fueled by speculators betting on huge upside in the event bitcoin continues to get adopted by more businesses and over time evolves into an accepted means of exchange. The resulting bullish price behavior has then attracted traders who observe the rise and pile in, expecting the trend to continue

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