how do bitcoin gambling sites stop underage gamblers?

Discussion in 'General Bitcoin Gambling Discussion' started by uglymug, Jun 12, 2016.

  1. uglymug

    uglymug Member

    most traditional online casinos and sportsbooks have some kind of a kyc procedure that stops minors from gambling at their websites. most 15 year olds don't have credit cards either which makes it quiet difficult for them to deposit and gamble for real money.

    when i sign up with a btc poker room or sportsbook they typically only ask me for my username and password so i was wondering how do they prevent teenagers from gambling their allowances every week?
  2. Hernia

    Hernia Member

    Good question. I guess they can't really. They're probably relying on the fact that you have to accept their terms and conditions when you sign-up, one of which is that you need to be over 18 to gamble on their website.
  3. Humble Servant

    Humble Servant Active Member Staff Member

    For this reason we may never see bitcoin gambling apps appear in the iTunes App Store. Imagine how much bad publicity it would generate if schoolkids were playing bitcoin slots on their phones.
  4. PokerGod

    PokerGod Member

    Since all these bitcoin gambling sites are based off-shore do they even care whether a kid from Canada or the United States uses bitcoin to gamble. Most of them seem like pretty shady operations.
  5. Major gambling sites like Bovada and Americas Cardroom that accept btc still put you through a KYC process if you want to make a withdrawal. I can't see them allowing players to create anonymous accounts anytime soon because of the legal headache of underage gamblers.
  6. PokerGod

    PokerGod Member

    you have as much chance stopping teenagers gambling as you have stopping them having sex or drinking alcohol.
  7. 4TheWin

    4TheWin Member

    In the past if a teenager wanted to gamble they would need to steal their parents credit card which meant they would eventually get caught. If they gamble with btc their parents will probably never find out.
  8. Humble Servant

    Humble Servant Active Member Staff Member

    I'm not worried about the parents discovering their children are gambling with btc. I'm more concerned that the U.S. government will find out and use this as a means to go after btc betting sites.
  9. Kaboom

    Kaboom Member

    lots of teenagers these days own credit cards. it's easier for them to gamble with dollars right now than it is to buy bitcoin from an exchange and set-up a wallet. underage gambling affects both bitcoin and fiat currency online gambling operators.
  10. 4TheWin

    4TheWin Member

    Most teenagers spend all their money on phone credit so I doubt they have much interest in betting on the 2.40 at Churchill Downs.
  11. Lance

    Lance Member

    BTM machines in some countries now require you to scan your passport or driving license before you can purchase bitcoin. This might stop some underage gamblers from acquiring them.
  12. Umair

    Umair Member

    i don't think there is any way to stop them. gambling sites just have to be really careful that they can't be seen to specifically target underage gamblers. my worry is that with egaming they are taking on a risk here as there's a good chance that anyone betting on video games is underage.
  13. NKOTB

    NKOTB Member

    since bitcoin isn't defined as money in many countries, isn't it impossible to gamble with it?
  14. Humble Servant

    Humble Servant Active Member Staff Member

    While bitcoin may still be in a legal grey area in some countries, most western countries now regard it as currency or an assets so all the normal gambling rules and regulations apply.
  15. EvilK

    EvilK Member

    teenagers buying molly and coke on darknet markets with bitcoin. as a parent, i'd be relieved if they were only using their cryptocurrency for playing texas hold'em.
  16. Hernia

    Hernia Member

    I think some Ethereum based poker rooms and gambling ICO sites are now using the Civic token to verify their users ages. It's even been used on beer vending machines now...

  17. Freddy

    Freddy Member

    now that facebook are releasing their own cryptocurrency, i wonder will facebook coin users under the age of 18 be allowed to buy alcohol, weed or deposit at gambling sites. i have a feeling that the new facebook coin will come with some heavy tracking and restrictions. maybe that will be their angle.

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