Quote from: BitcoinArsenal on August 08, 2018, 06:02:05 PM

Quote from: Elai101 on July 30, 2018, 10:45:46 PM

Quote from: lord munchkin on July 29, 2018, 08:31:59 PM

Quote from: BitcoinArsenal on July 29, 2018, 04:07:50 PM

Are there any statistics on how gambling with Bitcoin (and crypto generally) develops? I would be interested if it increases or decreases. From time to time there are articles on media like Coindesk but I'm not sure if you can believe the data.

I imagine that gambling with bitcoin as opposed to fiat currency is more risky because the proxy of a 'digital currency' doesn't hold the same mental weight value. That was the case for me anyway, because I could justify that I was only losing 'magical internet coins' instead of real money. Unfortunately, this all happened back in 2014, so my magical internet money would eventually be worth over 100x paper money.

Online gambling, with and without Bitcoin, has grown drastically in a number of countries around the world, but some, such as the US and Russia, have imposed very strict regulations regarding the policies against online gambling. The reason of its increasing number of Bitcoin gambling is the anonymity and the ease and speed of withdrawals and deposits.As well as the lack of fees that are charged to the players.

Yes, you are right. But all the casinos are based in tax havens like Malta, Gibraltar or a Caribbean island. Bitcoin Gambling is also almost anonymous. For this reason, there are also a lot of users from the states like USA and Russia gambling in online Bitcoin casinos. I am not aware that there has ever been a judgment therefore.

I think that only such casinos are paying taxes which are registered with the government and they have already got a license from the government. There are a lot of online casinos which are not registered and they are not paying any tax.