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Micon's Bitcoin Poker Site Case Summary

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Micon's Bitcoin Poker Site Case Summary
Lessons to Learn: Micon’s Bitcoin Poker Site Case
Micon goes down in history as the one who pleaded guilty in operating an unlicensed Bitcoin poker website in Nevada. Although this incident added to the negative perception the media presents to the general audience, the recently concluded court drama teaches a few points current and future Bitcoin gambling business operators should remember.
“The Unlawful Internet Gambling Enforcement Act (UIGEA) became effective in 2006, and this largely transformed the iGaming market within the US. With this law, businesses that illegally accept payments for bets and wagers on online gambling under the federal or state law will meet appropriate sanctions.
This law empowers state governments and regulatory …show more content…
A closer look reveals the secret formula behind its success in the world of entertainment via the slot game providers like NetEnt, Betsoft Gaming, and SoftSwiss to name a few..
“It goes without saying that Bitcoin slots never lost the luster of the vintage slot machines. They continue to provide emotional stirs that can make any bettor go wild and frustrated at the same time. Slots take everyone to a roller coaster ride, and this is the very reason thousands of gambling enthusiasts across the globe continue to patronize the simple yet addicting slot games online.”
Primedice: How the $1M Prize in BTC Was ‘Won’
It may have been months old already, but Primedice owner Stunna still felt the need to inform the Bitcoin gambling community of how his popular Bitcoin dice site suffered from almost a $1 million fund deficit because of a lone RNG hacker. He said in the tell-all article the unfortunate incidents Hufflepuff (not the real name) tricked the dice site’s server, resulting in withdrawals of over 2,000 BTC. Regardless, Primedice continues to move forward but with notable changes in its business …show more content…
Scheduled on Sept. 24, Bitcoin Conference Kiev 2015 promises to create a more customer-friendly conference that caters to both beginners and experts in the business of Bitcoin. Entrepreneurs, investors, and enthusiasts are all welcome to the one-day event.
“Those attending the one-day event can explore the winning characteristics of Bitcoin that complement the online gambling industry, creating a more attractive, dynamic, and secure landscape for iGaming.
Bitcoin Conference Kiev 2015 is the latest global Bitcoin-centric event to give the spotlight on Bitcoin gambling, hinting the latter’s time to emerge as the newest market to open endless possibilities beneficial to all parties linked through the Bitcoin
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