Are Bitcoin Gambling Sites Legal?

Like Crypto in general, Bitcoin gambling sites are blowing up and moving steadily into the mainstream. In the minds of many players they remain something of a grey area. Are they legal? Are they safe? Will I lose all my coins? This article aims to answer those questions and clarify the situation for those looking to get involved with this exciting new form of gambling. It can be tricky because regulating bodies and governments send out contradicting messages on their official stance. Despite this ambiguity, the situation is fairly clear in most cases. By the end of this guide you will feel confident of assessing your own individual situation.

Local Laws

The principle contributing factor is whether online gambling is legal in the country you live in. This, in itself, can also be a confusing issue though. Players living throughout most of Europe are fine, with a few exceptions such as Cyprus which bans online gambling. Others are protected and covered by governing bodies such as the UKGC and the Malta Gaming Authority. These regulators approve and govern online casino and their activities. In other countries such as the USA and India the situation is not quite as black and white. American players are best advised to investigate the rules in their state. Indian gamblers are apparently fine when gambling at offshore casinos. The good news is that if online gambling is allowed, then it follows that Bitcoin gambling is generally fine as well.

Online Options

If you have deduced that online gambling is legal in your jurisdiction, it is time to check the legality of online operators. When it comes to the major online casinos, this is easy to do. The initial thing to establish is whether the casino in question possesses a license from a reputable regulator. In most cases, this is a critical first step and will provide peace of mind while playing. However, alongside conventional online casinos, a brand new Bitcoin gambling industry has sprung up. These are games that have been developed with Bitcoin in mind, and it is usually the only currency they accept. These are games of pure chance with minuscule house edges when compared to their more mainstream cousins. Often, these do not need to be regulated so how do you know that they are legit?

Legit Bitcoin Gambling Sites

Fortunately there is a clear cut way of confirming that the Bitcoin gambling site in question is safe to use. The good ones operate using a verifiable fair gaming system to run every single round of their game. The crucial point is that the safe ones like Rocketpot.io provide their source code. This means that players can verify that each game is random, fair, and worth playing. You don’t need to rely on the word of a company you might not have heard of, but can gain confidence from your own verification.

Conclusion

As you can see, Bitcoin gambling can be as legal as betting with traditional fiat currency such as pounds and euros. Make sure that you are following the laws of the land in the country you reside and you should be fine with your adventure into the exciting world of Bitcoin gambling.