Alderney Gambling Control Commission Suspends FullTilt Poker License

 

In a stunning move early Wednesday morning (6:30 EST) the Alderney Gambling Control Commission suspended FullTilt’s poker license pending a hearing set in late July. This decision comes more than two months after the United States government shut down operations inside the US at PokerStars and FullTilt.  The AGCC’s Executive Director, Andre Wilsenach, suspended five egambling licenses because of issues found during a special investigation of the company.

PokerStars, along with the Isle of Man Gambling Supervision Commission, released this statement assuring their players they will remain operational around the world.

It seems the major difference between the two sites is PokerStars operated within the framework of their license while FullTilt did not.  While PokerStars has been able to pay back more than $120,000,000 to their American customers (as well as experiencing no delays in processing withdrawals from around the world) FullTilt has been unable to process American payouts. It seems PokerStars followed their licensing agreement by segregating player accounts from operating funds while FullTilt did not. This has left FullTilt cash strapped after a large amount of payment processor seizures and lack of overall play since Black Friday.  Players from around the world are now left wondering what will happen to their FullTilt funds.

While the US shutting down poker for FullTilt was a blow, it appears the company perhaps dug their own grave well before then.  For a while now FullTilt has been “processing” deposits from players all the while not always being able to collect these funds. This can be attributed to the gray area the sites were forced to operate in once the UIGEA was passed in 2006. There was a rumored $60,000,000 in deposits that actually never cleared crypto gambling books. Because of this their company was in no way prepared to payout Americans or to even determine who was owed what. At this point the best places for Americans to play remains on the Merge Network, Cake Poker, and at Bodog. Europeans still have plenty of options including the OnGame Network, iPoker, Party Poker, and of course, PokerStars.

Currently there is a hearing …

Money On Tap: Is it Really Possible to Make Free Money Using Bitcoin Faucets with Crypto Gambling?

Make Money Using Bitcoin Faucets

Bitcoin is currently going through a purple patch. After hitting an all-time high in March, BTC surged even higher in May. This is a great bullish run for the cryptocurrency, which looks set to earn more exposure, as well as an expanded user base, as a result. Media outlets around the world are chiming in on the new Bitcoin price, which is currently trading over $1,500. As more people become aware of Bitcoin’s lucrative nature, investors pile in more money. Late adopters are known to greatly inflate prices, allowing early investors to ride the bullish wave. But what about if you’re new to Bitcoin and you’re not yet ready to dive into making trades? A quick and easy way to acquire some free Bitcoins is by using Bitcoin faucets, a rewards system that pays out a small fraction of Bitcoin when users complete a simple task.

 

These tasks can be anything from solving simple captchas to playing very basic casino games. While Bitcoin faucets aren’t likely to make you a fortune, they are a viable way to earn a small amount of cryptocurrency with relatively low risk. For instance, many faucets don’t pay out more than 1,000 Satoshi at a time, which is around 1 cent. Bitcoin faucets are primarily designed to get people onto specific websites which usually make money through ad revenue. Generally, the higher the amount of traffic a website has, the more ad revenue it can make. This creates a situation where the Bitcoin faucet owner and the faucet participant benefit – the latter get free Satoshi paid into their Bitcoin wallet. There are a few different types of Bitcoin faucet. Some only require a participant to log onto a website to claim a reward, while others involve very simple games being played before a payout is secured.

 

Strategizing to Maximize Your Winnings

Playing games in order to earn Bitcoin makes the earning process interactive and entertaining. Rollin.io is a relatively straightforward higher-or-lower-type dice game, where players must input a number and then make a prediction on whether a …

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