Quote from: icem3lter on January 17, 2016, 01:47:05 AM

Quote from: EthanB on January 17, 2016, 01:41:04 AM

Quote from: elm on January 16, 2016, 08:30:52 PM

Quote from: sase007 on January 16, 2016, 08:14:50 PM

Quote from: DiscoverCebu on January 16, 2016, 08:10:55 PM

Just some points to remember
1) Do not let the developers have access to provably fair, or similar feature of the site. MD was screwed this way because their devs knew the seed generation/could access the adminstration.
2) Be sure to have at least 20 BTC when making a gambling site, if not, you're going to have a hard time making profits
3) Be sure to make it provably fair, anything else(except softswiss etc, but a you said, you need a new idea) might be considered rigged and when the complaints later come, you have no way of proving the site is not rigged

Good luck

As I understand it, 20 BTC startup wil not be enough.

You would need much more than 20 BTC, as I understand that you need to get a license to run a gambling site in most jurisdictions. This means, you must go to court in order to get your licence: you need a good solicitor too to sell your case, otherwise you are acting illegally to create a site without a licence that envolves gambling.

20 BTC is not enough but why does he need a license? did he mention that he wants to open a fiat casino? this is a bitcoin forum and I would assume that he meant a bitcoin game. Op please correct me if I am wrong

Even bitcoin casinos require licenses if you reside in the US, or other jurisdictions that require this. The license is EXPENSIVE too, and you would need heavy funds and a thorough plan for this.

OP wanted something unique though, and probably for exactly this reason.. To avoid the legislation that's against you nonsensically and to not be a redundant clone of anything else.

I have to say, many legal officials do not consider Bitcoin to be money. So BITCOIN casinos do not require licenses. When you are reporting your income however, you might get into a bit of trouble. I haven't seen anyone needing a license to operate a Bitcoin casino.

I was being interviewed for being a representative of a few bitcoin casinos that had a heavy investment backing them and a team of executives with various backgrounds working on the project.
According to them at least, operating under the Softswiss licenses, they were required to pick up a "gaming license" which is the same as an online fiat casino.

They were operating in the US, out of the UK and other European countries.. I'm not sure, but it could be because they were planning on converting their earnings to fiat?