Category Archives: Gambling

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Place Bets on the Upcoming US Presidential Election on 1xBit

Bitcoin Press Release: With the US presidential election taking place on November 3rd, 2020 industry-leading betting site 1xBit is giving the world the chance to bet on the outcome, and win big. 

November 2nd 2020, Limassol, Cyprus – With the U.S presidential election just around the corner, the pressure is mounting on both candidates, sitting president Donald Trump and former Vice President Joe Biden. 

Americans (and the world) consider this to be a particularly important election which will determine how the country will fare for the next four years in the face of COVID-19, which has already severely affected the U.S economy in this year. 

Some polls have been conducted ahead of the coming election, and some reports say that Biden is ahead of Trump, albeit marginally. For instance, according to a BBC report, Biden scored 51% of the votes in one of the polls, while Trump got 42%. 

However if the 2016 election is any guide, polls must be taken with a pinch of salt, and anything can happen in this race. The two candidates are weighed based on their strengths and weaknesses. Trump is also weighed based on his performance in the last four years.

 

Pros and Cons of the Candidates

For the prospective gambler each candidate can be seen to have their own individual pros and cons. Trump voters would argue that their candidate possesses charisma and strong character, but those against Trump could question his handling of the COVID-19 pandemic and raise the issue of increasing national racial unrest since his appointment in 2016. 

Those looking to bet on Joe Biden could argue that he possesses a vast experience in politics, has integrity, and is more compassionate than his counterpart. On the other hand Trump believers would argue that Biden is questionable with expressing his thoughts with clarity, as seen during the presidential debates. Regardless of political views, both candidates are in with a good chance at victory and this one could go down to the wire. 

 

Ongoing Polls and Forecasts

So far, Biden is maintaining the lead in the national presidential polls, which shows that he holds a slender lead across those who have already voted. Biden is also winning in the battleground states, where a large turnout of early voters was recorded. More than 64 million people have already cast their votes ahead of the election, as they vote in a similar manner across states. Currently Biden looks to emerge as the preferred candidate in the national elections.

 

Bet on Politics with 1xBit

These elections resonated stunningly not only in American society, but also throughout the world.  Measuring the success of a candidate by his popularity in betting is common practice in modern politics, and therefore highly regarded crypto betting platform 1xBit is offering everyone to check out their competitive odds, and take part in this massively important race! 

New users get a welcome bonus of up to 7 BTC on sign-up, (which takes only a few minutes) and use more than 20 cryptocurrencies to bet. Anyone can place bets anonymously without revealing any personal details, and winnings can easily be withdrawn to a personal wallet without paying any fee.

As the U.S presidential election day draws closer, anyone can benefit from betting on the outcome on 1xBit. Several bonuses and incentives now await new and existing gamblers on their candidate pick. 

 

For more information about 1xBit, please visithttps://1xbit.com/

Check out the official 1xBit blog for the latest articleshttps://1xbit.com/blog/

 

Media Contact Details

Contact name: Anastasia Semenova

Email: [email protected]

1xBit is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Place Bets on the Upcoming US Presidential Election on 1xBit appeared first on BitcoinNews.com.

Bitcoin Casino LuckyB.it Offers Winnings up to 15 BTC and a $1000 Instant Deposit Bonus

Bitcoin Press Release: Bitcoin community-driven betting platform LuckBit have announced some of the best promotions available today. This includes a 100% instant deposit bonus of up to $1,000, a 15BTC max winand a transparent, tiered affiliate program. 

22nd October, 2020, Curacao – Founded in 2013 as a Bitcoin Community project, LuckyBit is known for its original in-house developed games, transparent nature and huge payouts. The community based LuckyBit casino is now offering everyone the chance to claim an instant deposit bonus of up to $1,000 for a first deposit, and win a 15 BTC prize from a single bet. 

In addition to these industry-leading payouts; LuckyBit is willing to share up to 50% of the site’s entire gaming revenue with the sites affiliate program allowing players to earn passive income with their well planned, transparent and tiered program.

Win Up To 15BTC And A 100% Instant Deposit Bonus

LuckyBit players can win a massive 15 BTC prize from a single bet. The odds of hitting a 15BTC jackpot are not high, so LuckyBit have decided to double everyone’s chance at winning, with a 100% instant deposit bonus, up to $1,000 USD. To try and cater for whales and minnows alike, LuckyBit has a 3-tiered deposit bonus structure, so everyone can benefit from the promotion.   

Tier 1: Players depositing up to $1,000 will get an additional $1,000 bonus instantly in their account. To withdraw the bonus or winnings players will need to wager the bonus amount (deposit+bonus) 55x within 15 days, after which time the bonus will expire.

Tier 2: The second tier enables players depositing up to $500 to double their deposit, and only have to wager their (deposit+bonus) 45x within 15 days from their second deposit.

Tier 3: Players depositing up to $250 will also double their deposits, and can withdraw their funds by simply wagering the total (deposit + bonus) 35x within 15 days.

Earn Passive Income as a LuckyBit Affiliate 

A huge 50% of it’s gaming revenue can be allocated for the renowned LuckyBit affiliate programme. This generous company standard stays true to LuckyBit’s provably fair business model, while offering its users a transparent, competitively tiered revenue share model. 

The affiliate program takes into consideration the total of all bets made, less payouts, bonuses and fees to come to a calculation of the ‘net gaming revenue’. The total revenue is then divided using a 5-tiered share model, with new affiliates guaranteed a minimum 35% share of revenue for the first three months of their membership. 

Tier 1 ( 0-1 BTC Revenue) – 25% Share

Tier 2 (1-3BTC Revenue) – 30% Share

Tier 3 (3-10BTC Revenue) – 35% Share

Tier 4 (10BTC – 25BTC Revenue) – 40% Share

Tier 5 (25+ BTC) – 50% Share

Players simply have to share their referral link with new players. These players then sign-up using that link, deposit money (get that sweet 100% bonus) and start betting for the chance to win up to 15 BTC. 

No Negative Carryover (NNCO)

Players at LuckyBit are protected by something called NCCO. This means that negative revenue results for LuckyBit, (like players winning large sums of BTC) will not affect affiliate players chances for payouts next month. In this event, Instead of losing BTC players balance would just be reset to 0. 

The LuckyBit affiliate programme gives everyone the chance to create risk-free passive income in BTC, in addition to the many generous promotions, the 15BTC prize and transparent, unique gaming experience that they are known across the industry. 

 

Win up to 15 BTC on LuckBit Plinko –  https://luckyb.it

Join the Affiliate programmehttps://affiliate.luckyb.it/

BitcoinTalk Thread https://bitcointalk.org/index.php?topic=5211259.640

Follow LuckyBit on Twitterhttps://www.twitter.com/luckybitgames

Follow LuckyBit on Facebookhttps://www.facebook.com/luckybitgames/

LuckyBit on Instagramhttps://www.instagram.com/luckybitgames/

 

Media Contact Details

Contact name: Martin Prinosil

Email: [email protected]

LuckyB.it is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

The post Bitcoin Casino LuckyB.it Offers Winnings up to 15 BTC and a $1000 Instant Deposit Bonus appeared first on BitcoinNews.com.

China Cracks down on World Cup Gambling, Seizes $1.5M in Crypto

World Cup fever is hitting its peak as the final match between Croatia and France approaches on 15 July 2018, and one symptom of that fever is excessive gambling. The Guangdong Provincial Public Security Bureau in China launched a crackdown on illegal World Cup gambling, and has seized CNY 10 million (USD 1.5 million) of cryptocurrency in addition to CNY 260 million (USD 39 million) of cash.

This was a tremendous police operation, resulting in 540 arrests, the destruction of 20 gangs, the shutdown of 70 gambling apps and websites, and the termination of 250 chat rooms on social media platforms. The gambling organizations used a combination of the darknet and cryptocurrency to maintain anonymity and avoid authorities, and were in operation for eight months and collectively had 330,000 users. They advertised that they accepted internationally recognized cryptocurrencies like Bitcoin, Litecoin and Ethereum. In total, these gambling platforms facilitated CNY 10 billion (USD 1.5 billion) of bets, not all of which were for the World Cup, but the World Cup was the impetus for the investigation and crackdown.

Apparently, these gambling websites used a pyramid scheme that was conducive for the recruitment of agents and gamblers. Authorities found that most people who used these platforms were losing due to the odds, resulting in steady profits for the dealers. Chines authorities say this is detrimental to society since gamblers were losing all of their money, causing them to turn to illegal activities like theft to get more money to gamble.

World Cup gambling is a major industry at this time, with bookmakers on track to profit USD 36.4 billion this year. Most of this gambling is legal and most bets are placed with fiat. Cryptocurrency is used for some of the World Cup gambling, often legally, but cryptocurrency is ideal for illegal gambling operations due to its relatively anonymous nature when compared to centralized payment methods that usually require identification information to complete transactions.

With cryptocurrency transactions, the only information required is a cryptocurrency address which is a long string of letters and numbers, and no specific identification information is necessary. However, there are organizations which use forensics to trace cryptocurrency addresses and assign identities to them, and perhaps Chinese police used that technology in this crackdown.

 

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South Korean Police Treats Crypto Margin Trading as Illegal Gambling

The Cyber Criminal Investigation Unit of the Southern Provincial police department of South Korea has declared that a margin trading service offered on the Coinone exchange from November 2016 to December 2017 is equivalent to illegal gambling. Three Coinone executives and 20 high-volume margin traders will be arrested and prosecuted.

Coinone is the third largest cryptocurrency exchange in South Korea behind Upbeat and Bitsum, and currently handles tens of millions of US dollars per day of cryptocurrency trading. This is the first time police have investigated Coinone; the investigation process started in August 2017. It took them considerable time to study the law regarding this case.

Margin trading is when traders use borrowed funds from the exchange to leverage their trades of a cryptocurrency. On Coinone traders could leverage up to four times their actual deposit, and would win or lose money depending on if the cryptocurrency price went up or down during the week after the initiation of their margin trade.

This provided a method for Coinone traders to short sell, which is a technique where they would profit if the cryptocurrency market went down. In a short sell, a trader sells the cryptocurrency that they bought with their leverage, and buys it back at a later time to repay their margin trading loan, resulting in a profit.

Margin trading and short selling are authorized on the regular stock market in South Korea, but it is not an authorized technique for cryptocurrency trading according to South Korean law. Police determined that Coinone’s margin trading violated gambling laws. When it comes down to it margin trading, traders are betting on short-term price changes.

In total, 19,000 margin trades were conducted on Coinone, but only the top 20 margin traders who handled over KRW 3 billion (USD 2.8 million) will be prosecuted. These traders claim innocence since they thought it was legal due to a similar service being offered on the stock market.

Police say that margin trading on Coinone was possibly used to launder money from criminal activities, although they didn’t back this statement with any specific evidence.

Coinone has said it is fully cooperating with the ongoing investigation.

 

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