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Bitcoin gambling might grow substantially in CEE

Earlier this year quite many online gambling and betting operators have announced that they no longer accept the players from Czech Republic. Even though it has been quite striking for many players, the news were quite expected. In the middle of 2016, the government officials from Czech Republic have announced their desires to eliminate the grey area in online gambling.

According to some researches, the online gambling market in Czech Republic is valued at over five billion US dollars, and the government certainly didn’t want to miss the opportunity to earn on it. As of 2017, all of the gains from various online gambling activities, including poker, will be taxed at a rate of 35%. People that play online lotteries and bet on sports online will have to pay a tax of 23%. Even though such taxes sound like quite a lot, the authorities with require an the players to pay an income tax too, which is currently set at 19%. This way, a poker player may expect to share nearly a half of his winnings with the government.

While the whole situation looks very unfavourable for the Czech players, it is also unfortunately for the operators. Once there is a possibility to apply for a local license, a regulated operator either has to obtain it or quit serving the this market. Things are quite similar with unregulated operators, their websites might simply be blocked on the country-wide level.

Well, even though the Czech government plans to attract more legitimate online gambling portals with this legislation, there might be just a reversal effect. During the last few years online gambling has gotten a new niche, and this niche keeps on growing at a great speed - bitcoin gambling. Yes, gambling with bitcoins provides more privacy and security, less chances to be tracked and decreased costs of transactions. Even though online gambling with bitcoins exists only for a few years, its technological advancement is obvious. Today it is possible to engage in all sorts of gambling with the cryptocurrencies: playing poker or slots, betting on football or counter-strike, all types of games and sports are accessible.

Apart from that, it is clear that many operators have already stopped serving Czech customers and even more will stop doing so in the very close future. This makes the market less competitive, hence, even more interesting for the bitcoin casino operators. Would a player go for a regular payment system and face high taxes on his winnings or would he prefer to get some bitcoins and get all of the winnings within paying any taxes? The answer seems to be quite obvious.



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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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