![]() ![]() What we as users need to know about blockchain is that it is the slowest database technology ever designed. ![]() That doesn’t mean that Bitcoin gambling is illegal throughout the U.S., though.īitcoin is built on blockchain technology. You could theoretically use Bitcoin for either purpose and run afoul of the law. ![]() It’s illegal to transfer money or facilitate such transfers for the purposes of illegal gambling–because of the Unlawful Internet Gambling Enforcement Act (UIGEA). It’s illegal to take sports bets over the internet because of the Wire Act, for example. I can say with confidence that no federal law explicitly forbids Bitcoin gambling per se. is mired in multiple legal areas–state laws and federal laws. That’s a tricky question, because gambling using any kind of currency from the U.S. Is It Illegal to Use Bitcoin for Gambling in the United States? You probably shouldn’t even be here reading this article.Īll jokes aside, Bitcoin has become the medium of choice for online gamblers because … well, honestly, it’s hard to say why Bitcoin is so popular with online gamblers. If you haven’t heard about Bitcoin by now you’ve been living under a rock on a planet orbiting a distant star. Can you legally gamble with Bitcoin in the United States? The law is still vague on the question. ![]()
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