There are multiple gambling software solutions catering to the marketplace, including Rival, BetSoft and RTG, which are some of the more recognized brands in the business. Despite its independent status, Bitcoin is considered legal tender in the online marketplace.Īll online casinos and poker sites accepting Bitcoin are powered using specific gambling software providers. This freedom allows most online casino brands to offer Bitcoin to users from all over the world. The cryptocurrency runs on a peer-regulated network and does not have to answer to any form of government or financial institution. As a result, US residents are often not permitted to use certain transaction methods.īitcoin is independent of any centralized authority.
The UIGEA monitors banks and other financial institutions and how they process transactions with online gambling sites. The United States’ Unlawful Internet Gambling Enforcement Act (UIGEA) is an example of this. Some of the gambling laws in place oversee the financial side of the business, specifically which types of transaction methods are available.
This means that the online casino brand must be authorized and audited by established industry entities. In most cases, online gambling is considered legal if the site being used is operating legitimately within the offshore gambling marketplace. Each country has specific gambling laws in place, and this extends to online gambling.
