Tuesday April 29,2014 : ONLINE POKER SOFTWARE PROVIDER SET TO LAUNCH BITCOIN NETWORK
Enterra's entering a risky business.
The launch of a new Bitcoin-denominated online poker network is imminent, according to a report in the publication Coin Report this week, which reveals that online poker software provider Enterra is behind the project.
The new network is apparently specifically designed to allow skins to accept Bitcoins for deposits and withdrawals
Enterra CEO, Dimitry Starostenkov, claimed in a press release quoted by Coin Report:
“Starting your Internet business via our Bitcoin poker network, you get your own poker room with up to 12 poker game types, games with different limits, and tournaments.”
Starostenkov also stated that would-be operators are not required to obtain a gaming licence or set up an offshore business account, and that there will be no set-up fees for players eager to wage their bitcoins in a round of poker.
“We are interested in business development, and our compensation for the service is only the percentage of rake we earn together,” he added, noting that virtual currency gambling sites were popular because players remain anonymous, especially those in countries with strict gaming laws.
In related news, Coin Report publicises the approaching one year anniversary of Predictious.com, a Bitcoin denominated online gambling site that exploits a loophole in US laws against such enterprises.
The Commodity Futures Trading Commission restricts prediction markets that exchange in cash, but do not yet do so for bitcoin betting sites, creating an opportunity for sites like Predictious, the publication reports.
Punters on Predictious.com use bitcoins to bet on unique items of interest such as presidential election outcomes and sporting events.
The Ireland-based gambling site launched back in July 2013, and only allows bitcoin wagering.