Fun With Bitcoins
The World Cup begins this Thursday, and if you’re American, you probably have a number of questions: What sport is this again? Is the U.S. even playing? And (most importantly) how can I place bets? The answers to those questions are “soccer,” “yes,” and now, “in Bitcoin.”
A new service called Bitkup is taking bets on your projections for the World cup. You can either opt into the betting pool with a single payment of 0.05 BTC ($33 at time of writing) or simply play along without betting. Playing for fun won’t qualify you to win the jackpot, but could lead to winning Bitcoin-themed prizes.
It's All About the Bitcoins
The time is nearing to unplug your Compaq Presario and take the train over to New Jersey because we’re going Internet gambling, baby. The AP reports that a dozen casinos will open special parlors that will allow online betting beginning Nov. 26, after a five-day “soft play” period to work out the kinks.
Bets of Bitcoin is an anonymous platform that allows users to make bets on current events–everything from hockey to war with Iran to aliens–using the peer-to-peer digital currency Bitcoin. Users place Bitcoin bets on yes or no answers to statements, and the earlier you bet the more BTC you can win.
Bad news for anyone looking to launch a real-money gaming startup: The AP reports that in a recent poll, half of respondents said they wanted sports gambling legalized–but a whopping three quarters thought Internet gambling specifically ought to remain off-limits.
Guess everyone just wants to stake their paycheck on how Eli Manning feels this weekend?
Things are not going so hot for Zynga. The company bought Draw Something, and people promptly stopped playing it. Employees are complaining on Quora, and high-level execs are decamping to greener pastures. The stock is, pardon our crassness, in the crapper. Things are so bad over there, it must be enough to make Zuckerberg and Mason feel downright blissful.
Something must be done, and it looks like that something will be the time-honored money-maker of high plains drifters and mob bosses alike: gambling.
Your Cheating Ways
With all this spare cash we have lying around, we were getting concerned that there weren’t enough outlets on the Internet for us to waste it. Luckily, Facebook has our back, and it’s an even better way to spend money than on shitty Zynga goods.
According to the Financial Times, Facebook has launched its first game where users can bet real money (with the hopes of winning real money, of course). Because gambling laws in the U.K. are closely regulated and allow for that sort of thing, the game will only be available to U.K. users, which is a damn shame for those who love Atlantic City but don’t feel like venturing out of their dark basements.
Since 2005 New York State has allowed residents to enter their number for Lotto or MegaMillions through an online subscription. But it has also been building a much broader and more advanced online gambling system that it was reluctant to launch over legal concerns. A recent decision by the Justice Department, however, seems to have cleared the way for states to run internet gaming operations within their own borders, and New York officials are pumped!
“We’ve been waiting for a couple years,” Gordon Medenica, the director of New York State Lottery, told The New York Times. “We’re thrilled that this ruling has now come down and confirmed that our legal analysis was correct all along.”