Illegal Online Bitcoin Poker Site Operator Fined $25,000
Bryan Micon, 37, former operator of bitcoin online poker site "Seals with Cubs" has plead guilty to a criminal charge for operating an unlicensed gambling system and fined $25,000 as terms of his sentence. In a landmark case and ruling involving a case connecting bitcoin and online gambling, the Clark County District Court sentenced Nevada native and professional gambler Bryan Micon to two years' probation along with a fine of $25,000. Bryan Micon. Micon was facing up to ten years in a state prison and a $50,000 fine when he was charged initially. Under the terms, Micon also surrendered....
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The former operator of bitcoin poker site Seals with Clubs was sentenced to two years probation and fined $25,000 today after pleading guilty to the unlawful operation of a gaming site earlier this year. Bryan Micon pled guilty in July after being charged by the Nevada Attorney General's office in the spring. Micon's sentencing hearing took place at 9 am local time in Las Vegas, according to the attorney general's office, which was not immediately available for further comment. At the time he was charged, Micon faced as many as 10 years in prison, and upwards of $50,000 in fines. The....
Online poker has a popular appeal to gamblers around the world as an alternative to playing at a casino or other venue. The biggest advantage of playing poker online is that the player can enjoy the game in the safety and comfort of his/her own home. Another advantage is that players don't need to carry cash, or real poker chips, which can raise questions of safety and security. In online poker, players can ante up with nothing more than a credit card, and have winnings deposited directly into their bank account. But playing online with real money has legal problems. It's still illegal to....
Bitcoin startup, Bitnplay is developing a new and innovative bitcoin-only online poker platform that it expects to launch in early 2015. The company aims to use the bitcoin blockchain to usher in a new age of poker with a fair, secure, decentralized and friendly environment for all online poker players. Currently, online poker is constrained by the limitations of third-party risk, and the large-scale centralization of users’ funds, tied up in deposit accounts. Bitnplay plans to address this by using Bitcoin’s blockchain technology to eliminate any counter-party risk a player would....
It All Starts With One Man. Meet Michael Katz. Katz is an American poker player from a small town in New Jersey. Throughout his career, Katz has won well over half a million dollars playing online poker. However, on 15 April 2011, the United States indicted three major online poker sites - PokerStars, Full Tilt Poker, and Absolute Poker, for violating the Illegal Gambling Business Act of 1955. The online poker community soon dubbed this date “Black Friday,” since it essentially ended online poker for Americans. As a result of Black Friday, Katz no longer obsessed over poker and instead....
When looking to play online bitcoin poker, choosing a site requires a substantial amount of information. The site needs to be reliable, safe, fair, and have a good playing experience. There are many online poker websites that allow bitcoin and other cryptocurrencies payment processing, but not all of them are trustworthy. Fortunately for players, there is a website that offers tons of bitcoin poker specific information and news for free. Bitcoinpokersites.net has been around since February of 2013 helping players find quality bitcoin poker sites by providing update news on the growing....