Cards, Dice and DAO: The Isle of Man Could Become The World’s Gambling Heaven
The Isle of Man could become the Switzerland for Bitcoin as the small island’s government has been quick to react to the growth of digital currencies. Over the past twenty years the proliferation of the internet has brought about a golden age of gambling. Regulating this rapid growth has been a massive challenge for legislators globally and with the growth of crypto-currencies this task has become a lot harder. So, why are some countries doubling-down while others are leaving the table? History of bending rules. Few people outside of the British Isles will know much about the Isle of Man.....
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Europe is increasingly becoming a digital currency-friendly continent. If there is a Bitcoin-friendly territory index, then the Isle of Man will definitely feature at the top. True to its intention of becoming the Bitcoin capital, Isle of Man has recently decided to relax its gambling laws to include bitcoin and digital currencies. The Gambling Supervision Commission has called for a limited consultation for a period of one month, starting April 20, 2016, till May 20, 2016, with an intention of revisiting the existing gambling regulations and updating it to meet today’s standards. The....
Ice Dice Home Page. Ice Dice is a relatively new Bitcoin dice site that offers similar features to other dice sites. One of the key differences however is that they offer a betting bot for people who like to martingale their bets. Ice Dice offers dice gambling with a 2% house edge. When you first visit the site, the site's blue and white background are simple yet not hard on the eyes or unattractive. Just as many other sites, Ice Dice displayed many of the site's statistics on a toolbar like area at the top of the website. Here you can find total bets, total wagers and investor statistics....
The government of the Isle of Man is looking to plug a gap in its gambling regulations as they relate to bitcoin and other digital currencies. Officials are currently weighing regulatory changes that would allow gambling services to accept digital currencies “as if they were cash”. Specifically, the Isle of Man’s Gambling Supervision Commission (GSC) wants to tweak the definition of “the deposit of money” currently on the books to include “the deposit of something which has a value in money or money’s worth”, which would cover digital currencies. Mark Rutherford, deputy chief executive of....
Gamble with bitcoin, litecoin, and namecoin! Coredice.io is the latest edition to the vast ocean of bitcoin gambling websites. Coredice is a simple dice game similar to SatoshiDice or Just-Dice, but also allows the betting of litecoin and namecoin. Anyone familiar with bitcoin dice-sites will find that Coredice.io contributes few unique additions to the standard game, but that it provides them in a very elegantly cool design. Let's talk features! What you will find at Coredice.io:1% house edge, on par with similar dice sites. Easy sign up and a password-selection prompt. Many dice sites....
The second country that we will take a closer look at is the Isle of Man. The Isle of Man is nestled between Ireland, England,Wales and Scotland. It has been a haven for online gambling companies for a couple of years now. However The Isle of Man is looking toward the future like an open minded country should. There has been quite a storm about the Isle of Man’s decision to become a “pro digital currency”. Some have condemned this choice, while others applaud the innovative aspect and calling this step a “historical” one for digital currencies and Bitcoin in particular. To celebrate and....