I no longer reside in the US, but online gambling was a huge issue there when I did. Now with BTC being declared a commodity rather than a currency, what does this mean for online gambling, especially sports betting? Does anyone know what the legal authorities have said about services like Cloudbet?
Many americans play at Bitcoin casinos and as long as they didn't used Coinbase as their wallet to send and receive coins to those sites, they didn't had any problems.
The problem is if someone is running a Bitcoin gambling site from within USA or using servers which come under US regulation, then they're considered illegal because gaming authorities cannot allow UN-licensed casinos, on-line or off-line.