Quote:
Originally Posted by PTLou
yup
Why dont you start your alt currency poker site as a US citizen living in US and let me know how that turns out for you.
Better yet just call Bryan Micon and ask him how that turned out for him.
or just read
http://ag.nv.gov/News/PR/2015/Attorn...ming_Operator/
Turning up the volume on your megaphone does not make your speech any more correct, Judge Judy.
You seemingly do not understand that, generally speaking, it is the markets served by an operator that matter, not whether or not the operation is US-based or foreign-based or licensed somewhere or not.
In your example, the sin was not operating a poker ste, it was doing so without first getting a license. According to the complaint, Micon was accused of operating an online poker site from within Clark County and exposed for play within Nevada, without first getting a license; that it accepted bitcoin for deposits was not material. In Nevada, if you have the license to do so, operating a poker business is legal for serving players within the State, and perhaps in conjunction with other licensed operations in say, Delaware ... or eventually other jurisdictions.
(For one thing, before you go all "alt-currency" hysterical here, you also might realize that PokerStars $$ are perhaps the most widely used alt-currency in the poker world. Wake up, ALL poker sites ( and Nevada-licensed casinos) operate with alt-currency, presumably backed by site assets. In fact, FinCEN is actively discouraging any gambling with real US currency within the US.)
Also, it is a big world, however US-centric your frame of reference might be. That offering online poker not licensed by Nevada for play in Nevada is illegal in Nevada (and federally under the IGBA), does not make the same activity illegal offered or exposed for play worldwide.
Last edited by Geezer Soze; 11-03-2016 at 07:27 PM.