But is Bitcoin gambling legal? The short answer is that as long as you live in a jurisdiction in which online gambling is legal, you are gambling on a licensed casino, and Bitcoin is legal within that same jurisdiction, then you can play using your coins all you want. The long answer is a little more complex. The short answer is yes. Even online gambling winnings remain a viable source of income and are therefore taxable. Thus they should be reported to your tax report. Just like any other form of income or outcome, referring to money, Bitcoin gambling earnings must be reported. The same goes for the money earned via any online platform. As for practical application of the law for players, Bitcoin gambling has three legal statuses in the USA depending on each specific state: it can be legal, illegal and not unlawful. Let’s explore this in details. Bitcoin online casinos are popular in Poland despite what the country's gambling laws say or do not say. Guest author Jacek Michałski takes a look at whether it is legal to gamble in Poland using bitcoin. Is Bitcoin Gambling Legal in the United States? JP Buntinx March 24, 2017 Education , FAQ Bitcoin has proven to be quite a powerful tool in the online gambling sector so far. Many countries around the world have banned either bitcoins or online gambling. To determine whether it is legal to bitcoin gamble in your country, please reference our legality page. Bitcoin Gambling Sites. There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots and prizes: Home » Bitcoin Gambling Legality. Bitcoin Gambling Legality. Kyrgyzstan, Bangladesh, Bolivia, Ecuador and Nigeria: These are the countries that regard Bitcoin as “illegal”. In all other countries, Bitcoin is either used as a regulated currency or is not subject to a regulation but considered as legal. Despite most governments do not recognize Bitcoin as a currency, all those restrictions and existing laws relating to online and mobile gambling apply to bitcoin gambling. If online gambling with fiat money is illegal in your jurisdiction , then it is also illegal with BTC. Is gambling with Bitcoin legal. The legislation in the area of Bitcoin gambling is very immature and leaves a lot of space for speculation. Operators starting their online casinos that will accept Bitcoin are often confused by controversial facts and ambiguous decisions of authorities in regards to the cryptocurrency. Bitcoin Is Not Exactly Legal Tender in the United States. This is a critical point for many people doing business in Bitcoin. Although one U.S. court has ruled that Bitcoin is money, the general perception among legal experts is that Bitcoin is not yet legal tender in the United States. You cannot pay your taxes with Bitcoin, for example.
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