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Bitcoins could change the way Americans gamble online
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In The United States, online gambling has been against the law since 2006. Many Americans are using loopholes to engage in online gambling by seeking out international gambling websites. Now a new development may help to allow these individuals to engage in gambling because there will be a new funding source.

The one issue that is preventing Americans from online gambling is the fact that people are prohibited from using their credit cards on these sites. Individuals cannot gamble without any funds but now Bitcoin based poker will change all of that.

One company from Calgary called Infiniti Poker will allow people to use Bitcoins. These can be acquired from peers so Americans would be able to use online slot machines because others would be funding the accounts. Then, the website can claim that they have no knowledge of the origin of the deposits.

Online gambling is a big business and many Americans want the convenience of a casino at the click of a mouse. The issue with using banks to fund accounts is that deposits can take several days or even weeks to clear.

When Bitcoins are deposited, the transaction can clear in a few hours. This allows gamblers to play their games the same day. Individuals also get anonymity from doing this because the website cannot track down who the real depositor is. This usurps the gambling laws that are in place. Many online gambling sites might consider such an action as well to tap into the American gambling market down the road.

This interesting report on BitCoin and online gambling is courtesy of the folks at onlinegambling, an Aussie site punching above it?s weight to bring you the latest news regarding casinos, gambling, betting anf more in the