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A bitcoin wallet or crypto wallet is where you will store your cryptocurrency after buying them from a crypto exchange or withdrawing winnings from a crypto casino. It enables you to keep your coins securely and safely since you are the only one who can access it through the private keys provided at the end of the sign-up process. It is advisable to keep your keys as private as possible to keep away scammers from accessing your wallet. Remember to write down the keys in a piece of paper for account retrieval purposes. There are many choices of bitcoins wallets available.
We highly recommend a hardware wallet, even though they are not freely given. You will spend some money on acquiring one, but they are worth the cost. There are several wallets available in the market for crypto users to choose from, but we prefer Trezor and Ledger wallets. Practice the crypto rule of the thumb when purchasing a hardware wallet, make direct purchases from the manufacturer, for instance, Trezor. Avoid third-party deals like buying via Amazon since the reputation of third parties in the crypto space is poor. Your wallet is the most important thing you have, so make sure to do your research before buying it.
Those who do not intend to hold the coins for long or those planning to stake small amounts can take advantage of desktop wallets, which are downloadable or online wallets that are quickly and securely accessible. Today you can find many useful crypto wallet apps. Here are some examples Crypto.com ( they have 10 million users ) PC version and App version for Iphone and Android. Swipe, Binance app, Atomic Wallet.
How to acquire Bitcoin or other cryptocurrency to use for gambling?
Bitcoin casino players are more likely to purchase their BTC from Coinbase, Binance or Crypto.com. These are the top three exchanges, but there are several other crypto markets where you can buy bitcoin. So, don’t limit yourself to only those three. Here you are with your dollars, but you need BTC to gamble on a crypto casino. Cast out your fears and pay close attention to the next steps. Coinbase (special guidelines ) Coinbase is the most significant USD to BTC crypto exchange in the world. Hence, it is safe to purchase bitcoins from them. The exchange offers two payment methods, direct purchase by linking your bank account and indirect purchase by making good use of your debit card. Any of these methods will enable you to make your BTC order promptly and safely.
This is a Peer-to-Peer (P2P) platform where people buy and sell BTC. Do not rush for the offers which appear too good to be true, especially from new traders. Scammers like using new accounts with lucrative deals. Avoid sellers who have little or no feedback.Avoid purchasing significant amounts at once. Make sizeable purchases at different intervals.
This is a BTC to marketplace with proof of BTC held in an escrow system. Typically, sellers hold their coins with Bitquick, and buyers scrutinize the available offers before making acquisitions. Buyers finalize deals by taking sellers’ bank details and depositing fiat currency there. After obtaining a receipt of the bank transaction carried out, you create and upload a clear picture of it to Bitquick. After verifying it, the Bitquick support releases the agreed amount of coins. Pick the best option from the above exchanges. Besides, you can also search for a Crypto ATM near you, pay via fiat currency, and you will receive your coins in your personal BTC wallet.
How to transfer you BTC to your personal bitcoin wallet
Log into your personal BTC wallet.Click on the button labeled “Receive,” and then select the option “Create a New BTC Address.” Copy the projected address. Open a new tab and log in to the crypto exchange where you made your purchase. Scroll to the button labeled “Send” and click it. Paste the address you copied from your BTC wallet. Enter the amount of BTC you want to transfer. Verify whether you have provided a correct address and delete any space before and after the address. Click the send button to complete the withdrawal. It usually takes a few minutes to receive your coins in your wallet. The BTC network traffic determines the duration at the time of the transaction.You will receive the same amount of coins you sent, but a small mining fee will be deducted. Mining charges vary with market conditions, though they are usually small portions. Once you receive your coins in your BTC wallet, you are now a step closer to placing your bet.
How to deposit bitcoins to your crypto account
Sign up or sign in to your favorite Bitcoin Casino. Most crypto Casinos have simple interfaces, so don’t be worried about finding the deposit button. Choose BTC as your deposit currency.Click on the deposit button, and you will see a deposit address to use. Copy it.Visit your BTC wallet and scroll down to the ‘Send’ option. Enter the amount of BTC you plan to use and paste the address you copied from your BTC Casino in the ‘Send To’ section. Verify both your gambling casino address and the figure you are transferring before clicking the ‘Send’ button. Back to your crypto casino account. Your coins will probably reflect within a few minutes. Most crypto casinos show the equivalence of your coins in USD, hence you will likely make an informed decision of the amount you are staking.
How to withdraw your winnings
To cash out your winnings, you must create a new BTC address in your BTC wallet. Click on the cashier > withdraw button in your casino account. Enter the figure you intend to cash down and paste your BTC address.
How to convert your bitcoins into fiat money
There are several methods of converting BTC into fiat currency. However, we shall discuss only two of them in this guide. Coinbase Pro, Access your Coinbase account, click the ‘Deposit’ box and select BTC as your deposit currency. Transfer your coins from your Private BTC wallet to your Coinbase account using the address provided. Trade you BTC with USD and withdraw your money to your bank account. LocalBitcoins. The platform allows users to buy and sell BTC. After creating an order, the buyer will deposit the agreed amount into your bank account. After confirming the accumulated amount, you will then release the escrow. You can convert the other types of cryptocurrencies using the same process.
The future of bitcoin casinos
Perhaps, the future of Bitcoin casinos may not strictly involve bitcoin (currently, 90% of crypto casinos only accept bitcoin as a deposit and withdrawal currency). Although BTC brings several benefits to the gambling sector- categorically offering an escape route from government regulations, quick transactions, and pseudonymity- altcoins may offer more attractive benefits soon. In the period since BTC’s invention on the global stage, numerous privacy-based digital currencies have evolved that particularly anonymize transaction details and the people involved. Cryptocurrencies like Monero and Zcash may one day be widely embraced by online casinos because of their fungibility aspect.
Cash Drops and Keystrokes: The Dark Reality of Sports Betting and Daily Fantasy Games
A 2006 federal law intended to make it more difficult to gamble on the Internet has, by almost any measure, been a spectacular failure.In a narrow doorway on Fifth Avenue
, a short cab ride from the brand-name stores selling luxury and cachet to the wealthy, a man with the street name Mr. Gold handed a shopping bag to a woman in casual clothes. The bag contained $350,000 in cash, proceeds from an illegal Internet gambling ring. Cash Drops and Keystrokes: The Dark Reality of Sports Betting and Daily Fantasy Games
By WALT BOGDANICH , JAMES GLANZ and AGUSTIN ARMENDARIZ DEC. 18, 2015
In a narrow doorway on Fifth Avenue, a short cab ride from the brand-name stores selling luxury and cachet to the wealthy, a man with the street name Mr. Gold handed a shopping bag to a woman in casual clothes.
This shadowy exchange in June 2012 was remarkable for two reasons: The bag contained $350,000 in cash, proceeds from an illegal Internet gambling ring, and the woman who took it was a New York real estate developer and prominent gay rights activist who has donated nearly a quarter of a million dollars to political candidates and causes. The previous month, the same woman Joy Tomchin accepted another bag with $335,000 in cash.
The Dark World of Fantasy Sports and Online Gambling Explore news coverage of the growing furor over daily fantasy sports, along with the investigative series “Wired for Profit.” DraftKings and FanDuel Are Allowed to Operate in New York, for Now DEC 11 ESPN and College Football Playoff Agree Not to Air Daily Fantasy Ads DEC 9 Judge Hears Arguments on Fantasy Sports NOV 25 Fantasy Sports Site Closes Digital Loophole Ahead of Hearing NOV 24 FanDuel, Facing Opposition, Maintains Its Visibility in New York NOV 23
In both cases, Ms. Tomchin said she had taken the cash on behalf of her brother, Stanley, who prosecutors say helped run the kind of gambling operation that has proved so difficult to stop: old-style bookmakers and money collectors, assisted by modern technology that enables offshore computers to record sports bets and payouts, illegal in the United States, beyond the reach of American law enforcement.
In 2006, Congress tried to help prosecutors defeat these criminal rings. With legislators rushing toward adjournment, they passed a bill just after midnight to make it more difficult to gamble on the Internet, and to preserve the integrity of college and professional sports, by prohibiting online payments for illegal bets.
By almost any measure, the law has been a spectacular failure, an investigation by The New York Times has found.
The law could not stem the tide of illegal betting because the industry thrives not on online payments but on an old-fashioned shadow banking system where billions of dollars pass through paper bags, car trunks, casino chips and various money-laundering schemes.
At the same time, Congress failed to grasp the power of the inexorably evolving Internet, or how difficult it would be to regulate. By allowing entrepreneurs to exploit a legal, if suspect, exemption, the law unwittingly opened the way for the now-ubiquitous fantasy sports games that increasingly resemble gambling.
Today, young men, the most susceptible to becoming problem gamblers, are using the Internet to risk thousands of dollars daily on sports without the legally mandated safeguards that casinos and regulated sports books must follow. In that regulatory vacuum, fantasy sports now faces a federal investigation, and a ban in Nevada, amid suspicions that employees at leading sites may have used inside information to gain an unfair players advantage.
For their part, the professional sports leagues, having seen the profits to be made from fans deep engagement with fantasy sports, are modifying or even abandoning their long-held opposition to traditional sports betting.
This confluence of events at a time when legal gambling in casinos and other locations is gaining wider acceptance in America is renewing an old debate about whether the best way to regulate sports betting is to legalize it or to give law enforcement more tools to stop it from spreading.
The Times, in collaboration with the PBS series Frontline, investigated illegal gambling in the Internet era, focusing on the 2006 law. Reporters interviewed regulators, prosecutors, gamblers and technology experts, visited data centers in the United States and abroad, examined thousands of pages of government records, and used advanced Internet technology to explore how offshore gambling sites serve American bettors.
Wired for Profit
In 2006, Congress tried to crack down on illegal online sports betting. Today, Internet wagering is thriving, and a new business that resembles gambling, fantasy sports, is winning millions of players and stoking controversy. The Times, with the PBS series Frontline, investigated illegal gambling in the Internet age.
Tracking the Websites Part 1 Part 2 Part 3 Part 4 Part 5
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To satisfy a hunger for information delivered right now, offshore gambling sites have developed a powerful digital presence on United States soil, close to their American customers but hidden, until now, from investigators.
While offshore betting sites say they do not solicit American customers, hundreds of them have begun delivering their content from servers in the United States or setting up fast, dedicated portals that directly transmit bets to their foreign locations. Experts in gambling law said those delivery networks could also be legally responsible if they knew or should have known they were facilitating illegal gambling.
To identify the physical locations of gambling websites, The Times, with the help of several Internet research groups, employed a combination of Internet tracing tools with traditional methods of investigative reporting.
When one New Jersey company was recently asked why it hosted gambling sites, the company initially denied it, then immediately removed more than 100 of those sites from its network. Another network removed two sites after inquiries.
In defiance of United States law, some offshore sports books openly solicit American customers with slogans such as Because You Can. One even helped a reporter fund an illegal wagering account, then later explained how the transaction would be falsely recorded on his credit card as a purchase from a work clothes company.
Americans continuing interest in offshore gambling sites is reflected in the tens of millions of computer visits during a recent 12-month period, according to a company that monitors Internet traffic. Indeed, illegal betting in the United States far exceeds legal wagering at casinos, according to law enforcement officials. Since 2006, the government has prosecuted more than two dozen major online gambling rings that took in $10 billion in sports bets. One Texas-based ring processed $1 billion during a single season of the National Football League before it was shut down.
Because the betting sites are based offshore, in countries where gambling is legal, American prosecutors say they are limited mostly to rounding up people who recruit bettors and move money in this country, leaving the overseas sites free to replace those who were arrested.
People would argue that its a victimless crime, and its not, said Richard A. Brown, the Queens district attorney, who has successfully prosecuted several gambling rings with Mafia connections. Those who participate in it often use threats and intimidation. Profits from these illegal rings also fund other criminal enterprises.
The 2006 law also failed to foresee how the developing Internet and a mania for ever-finer permutations of sports statistics would fuel a gold rush in fantasy sports.
Graphic The Deception Behind an Illegal Bet
A reporter placed 15 bets on baseball, football and other sports with a Panamanian gambling website, BetOnline. Heres how it worked.
At the time, fantasy sports was a low-key competition in which bettors assembled their own teams, then watched how their players performed over an entire season. The legal exemption for fantasy sports was based on its definition not as gambling but as a game of skill. Today, fantasy sites offer daily contests, million-dollar prizes and bets on individual sports such as golf, mixed martial arts and Nascar races, New bitcoin casino virginia magnifying the element of chance and making the exemption tougher to defend.
In recognition of the riches to be mined, the fantasy sports company DraftKings became televisions No. 1 advertiser when it showed a commercial every minute and a half in the week leading up to the National Football League season, according to iSpot.tv, which tracks national television advertising.
Why wait until the end of the season to see who was going to win? Lets do it every day, said Jeffrey Derevensky, a psychiatry professor at McGill University who runs an international center that treats problem gamblers. To bet on something with the potential to win more money or lose money is gambling.
The businesses of fantasy sports and online gambling are increasingly intertwined. Operators of online gambling sites have begun investing in fantasy sports, and some of DraftKings senior managers came from online gambling companies or were professional poker players. Some of fantasy sports most successful players are former poker players, too.
In May, Bryce Mauro, a junior at DePauw University in Indiana, sat in a house he shared with fraternity brothers and bet $12,000 before lunch on fantasy baseball games, with a plan to bet twice that amount later in the day. I play probably between 450 and 500 different games a day, said Mr. Mauro, who had finished classes for the year. Over the past two years, he said, he won several hundred thousand dollars.
Mr. Fantasy: Betting Big Online
Bryce Mauro, a college junior, says he makes six figures from legal, but unregulated, betting on daily fantasy sports. An exclusive video by the PBS series Frontline in association with The New York Times.
By FRONTLINE PBS on Publish Date October 15, 2015. Watch in Times Video ť
Keith Whyte, executive director of the National Council on Problem Gambling, said, There are people that are absolutely, 100 percent, uncontestably using daily fantasy sports to gamble.
Dr. Derevensky said young people are adept at figuring out ways to gamble online. What came as a surprise to us initially was that young people were really getting into serious gambling problems.
He added: Weve seen people here who have been as young as 15.
Seeking a Solution
Concerned that organized crime was reaping huge profits from sports gambling, Congress in 1961 prohibited the use of telecommunications to transmit betting information. Another law specifically prohibited most forms of sports betting in all states except Nevada.
Over time, bookies circumvented federal law against taking bets over the telephone by setting up shop overseas. The arrival of the Internet greatly expanded their overseas business because it was quicker and cheaper, said Steve Budin, a sports handicapper who ran one of the early offshore sites.
That combination of technology and geography, Mr. Budin said, took away the ability of the U.S. government to control it.
Congress tried anyhow. Its a fallacy that people think you can stop Internet gambling, said Mario Galea, a gambling consultant from Malta. So you try to cut around it, to make sure that funds dont reach the operation.
After nearly 10 years of maneuvering, compromises and, ultimately, anger, the House of Representatives in its last official act before adjourning on Sept. 30, 2006, passed a bill at 12:32 a.m. that proponents believed would deflate the expanding Internet gambling industry by prohibiting credit card payments or electronic fund transfers for any illegal Internet wager.
The 2006 Exemption
The term bet or wager does not include participation in any fantasy or simulation sports game or educational game or contest in which (if the game or contest involves a team or teams) no fantasy or simulation sports team is based on the current membership of an actual team that is a member of an amateur or professional sports organization.
The language in the 2006 Safe Port Act that explicitly exempts fantasy sports from online gambling restrictions.
Chris Grove, who writes an influential blog, Legal Sports Report, questioned whether the bills authors even knew what they hoped to accomplish. Youre talking about a law that was passed with no input, that was passed with no consideration, no deliberation, no debate, Mr. Grove said.
To ensure passage, and with legislators eager to adjourn for the 2006 elections, the House leadership hastily attached the gambling bill to legislation aimed at making ports safer. Not everyone was pleased.
What does banning Internet gaming have to do with port security? Representative Shelley Berkley, a Nevada Democrat, asked on the House floor. Another Democrat, Representative Bennie Thompson of Mississippi, complained that the Republican House leadership refused to accept any amendments to the ports measure, but did attach the gambling bill.
I ask someone to explain to me how prohibiting Internet gambling is more important to our homeland security than making our trains, subways and buses safe, Mr. Thompson said.
Two weeks later on Friday the 13 th President George W. Bush signed the bill into law. While Internet gamblers might have seen that date as confirmation of their bad luck, other bettors had reason to rejoice. Embedded in the bill was the language exempting wagering on fantasy sports, except in the five states that consider it illegal Washington, Louisiana, Arizona, Montana and Iowa.
Representative Jim Leach, the Iowa Republican who sponsored the bill, said he objected to the fantasy sports exemption, but compromised to secure some restrictions on Internet betting, which he regarded as a clear and present danger. You can get over your head quite quickly in a very dangerous kind of way, Mr. Leach said.
Some legal experts were surprised that the National Football League played a crucial behind-the-scenes role in securing the bills passage despite the leagues long-held opposition to sports betting. Its universally recognized that their advocates were the main strategists, said J. Daniel Walsh, then a lobbyist for the Interactive Gaming Council, which opposed the bill.
N.F.L. officials did not respond to requests for an interview.
No one envisioned then that seasonal bets on fantasy teams would open the door to daily wagering and million-dollar prizes.
It speaks to that fundamental question of, is this a gambling activity? Mr. Grove said. And more to the point, how many elements of a gambling activity can be associated with daily fantasy sports before the scale tips and everyone just says, yes, that this is clearly gambling?
A few experts warned that the rapid, unregulated growth of fantasy sports might prove its undoing.
Last spring, Gus Fritschie, who provides online security to gambling companies, said that if fantasy sports companies were found to have allowed players to have access to betting information not available to the public, the industry might be irreparably damaged. Daily fantasy is not doing enough to protect the players and to protect themselves or their industry, he said.
In a few short months, those unheeded warnings would loom large over the billion-dollar industry.
Merchant Code 7995
If the 2006 law hoped to stanch the cash flow of illegal wagering, it was doomed to fail, in large part, by the gambling industrys architecture.
Illegal offshore bets can be placed several ways.
Many of the sports books, while operating legally elsewhere, rely on a system of agents who steer business to them in the United States and move the cash. While the books say they do not condone illegal actions by the agents, it is beyond dispute that the agents have generated billions of dollars in revenue for the sites.
High-rollers usually must be vetted by the agents, before getting passwords to their favored offshore sites where computers post odds, process wagers and maintain player accounts.
To avoid illegal credit card transactions, wagered money usually remains in the United States, creating the need for the shadow banking system. Bettors settle up in person with the rings agents or money collectors.
The New York Times and Frontline
A Frontline documentary about online gambling, produced in collaboration with The New York Times, will air this winter on PBS.
Boots on the ground are a must, said Gerard A. Brave, chief of the rackets bureau for the Queens district attorney, who helped break up several large gambling rings, including the one where cash was passed in shopping bags on Fifth Avenue.
It will happen in a desert in California, 300 bitcoin casino bonus 2020 it will happen on the streets of Manhattan and it will happen right on the Strip in Las Vegas, Mr. Brave said. Money has to be passed. They dont want records of those large cash transactions.
When the police confronted Ms. Tomchin with pictures of her receiving the cash, she said she was merely a conduit for her brother. Gerard McNally, a New York City police detective, now retired, said he asked Ms. Tomchin to show him the money. And she did, he said. She took us to the bank where the money was and she brought us into the safe deposit box and opened it up.
Ms. Tomchin eventually turned over $450,000 in cash, Mr. McNally said. She was not indicted, but the Queens district attorney did charge 25 people, including Ms. Tomchins brother, who was identified as a senior operative of Pinnacle Sports, the website at the core of the vast gambling ring. Pinnacle itself was not indicted, Mr. Tomchin forfeited $1.7 million and pleaded guilty to a misdemeanor. Ms. Tomchin did not respond to requests for comment.
When credit cards are used, deception, if not outright fraud, is often used to evade the 2006 law, as a reporter discovered when trying to place a wager on a Panamanian site called BetOnline.com.
The reporter registered with the site in May, but logged off after having difficulty putting money on the sports book. Then, true to its advertising slogan, Because You Can, a representative of BetOnline called the reporter to help open an account using his Visa card, with a sign-up bonus of half the amount deposited.
The transaction should have reflected the merchant code for gambling 7995. But this bet was recorded on Visa as a purchase from Moser Safety, described on its website as one of the leading suppliers of personal protective equipment, safety clothing, protective workwear and safety equipment in the U.K. The site includes pictures of hard hats, goggles and work boots, along with links to safety tips and testimonials.
A reporter called the telephone number for Moser Safety listed on the credit card bill and was told no safety gear was for sale. Were a third-party payment support service for gaming and betting sites, said a woman who identified herself as Anna Richardson.
Asked whether her company was helping an online gambling ring evade United States law, Ms. Richardson replied, Im not sure, actually.
Over a recent 12-month period, the BetOnline website recorded 11.3 million visits from computers, most originating in the United States, according to an independent company that monitors website visits. The statistics do not distinguish between bets and casual visits to the site. Our traders are not afraid of big action, BetOnline said in a 2011 news release. The company did not respond to requests for comment.
The Times placed wagers through two other popular online gambling sites, Pinnacle, based in Curacao, and Bovada, hosted at a data center on Mohawk territory across the United States border in Canada.
Times reporters tried to interview Pinnacle officials at their office in Curacao, but were accused of trespassing and told to leave. Later, in a statement, Pinnacle said that it pulled out of the United States in 2007 and that since then, we have never knowingly taken bets from the United States. The reporter who placed the bets, the statement said, provided a false affirmation to an agent that he was not a United States resident.
In fact, the agents website instructed gamblers using the Pinnacle site to use a proxy service to log on when making bets, to make it appear that the connection was not coming directly from the United States. The agent instructed the reporter to wire money to an intermediary in Krakow, Poland. The money was then credited to the reporters account, which falsely listed him as living in Macau.
The Times opened its account with Bovada using a post office box. Bovada followed up with an email advising that deposits will often show up on your credit card statement as billed by a foreign company with a name other than Bovada. It cautioned: In the event your bank contacts you to verify these transactions, we wanted to send you a quick note to remind you of the billing descriptions.
During one recent 12-month period, Bovada received 190 million visits from computers, with 97 percent coming from the United States, according to an analysis of Internet traffic.
Overlooked Leads and Roadblocks
When American prosecutors say offshore gambling sites are beyond their legal reach, they may not realize what solid leads exist just around the corner.
Three years ago, the United States attorney in New Jersey charged 13 people tied to the Genovese organized crime family, including a made member, in connection with the online gambling site Beteagle.com, based in Costa Rica.
The prosecutor, Paul J. Fishman, said a new wrinkle in mob-run gambling rings involved the processing of bets offshore. Law enforcement will use countermeasures that are just as sophisticated to bring these criminal enterprises to justice, he declared.
The authorities did not charge Beteagle itself, nor did it vanish. Several months ago, using electronic search tools, The Times discovered that Beteagle was being hosted on equipment in Piscataway, N.J., just 28 miles from Mr. Fishmans Newark office.
Generally, a website resides on a server a type of bulked-up desktop computer connected to the Internet, usually a rectangular box with no screen or keyboard, but containing chips and a spinning hard drive to process and store data. When linked across the world with fiber optics, copper wires and other means, servers give the Internet its computational power.
Servers can host websites, keep accounts, store wagers and work at speeds that back-room bookies, whose tools had not changed since the days of Damon Runyon, could never hope to match. Servers can also be harder to find and raid than those back rooms were.
The Times, in researching Beteagles location, uncovered a nest of more than 100 online gambling sites none licensed by the state connected to the Internet at the Piscataway data center. (Online sports betting is illegal in New Jersey, though other forms of online gambling are permitted.)
Records show that content for the gambling sites was delivered by Vultr L.L.C., a New Jersey company run by an Internet entrepreneur named David Aninowsky. In 2013, the government of France ordered one of Mr. Aninowskys companies to stop hosting a gambling site in that country because it was unlicensed.
A spokesman for Mr. Aninowsky, Sean Flanagan, said that while Mr. Aninowsky did host gambling sites in New Jersey, he did not operate them.
Mr. Flanagan later said he had misspoken, and that Mr. Aninowskys companies do not host any gambling. If any gambling sites were found on his network, he said, their account would be suspended.
A subsequent statement from Don Perry, director of operations for No deposit casino bonus cc another Aninowsky company, Choopa L.L.C., New online casino 2018 no deposit said, If you are aware of a gambling site(s) operating on any part of our infrastructure, please let us know. He added: We will continue our exhaustive search to find and terminate these sites you have alluded to.
Within days, the gambling sites left Vultr and are now operating on another network in the United States.
A spokeswoman for New Jerseys Division of Gaming Enforcement, Kerry Langan, said the agency had not been aware of the Piscataway gambling sites. The division routinely refers possible illegal activity to the appropriate law enforcement agencies and will certainly do so in this case, she added.
The Times also found that BetOnline where deposits to gambling accounts are recorded as purchases of safety gear and another offshore site, BetCRIS, were being routed and secured by the worlds largest content delivery network, Akamai Technologies, a highly respected company in Cambridge, Mass., that speeds Internet communications for many of the worlds major New bitcoin casino square monaco corporations.
Asked about it, Akamai issued a statement saying, Upon being made aware, Akamai took swift action to notify these two companies and discontinue service.
The Times also traced Internet traffic to the popular offshore site Bovada.
At the request of The Times, Doug Madory, director of Internet analysis for Dyn, an Internet performance company, analyzed the routes by which computers in the United States gained access to Bovada. Mr. Madory concluded that United States Internet traffic is funneled through a private network to the data center on the Mohawk reservation.
The private network, which provides direct links to havens of gambling infrastructure like Malta, Gibraltar and the Isle of Man, is called Continent 8 Technologies and was co-founded by J. Michael Tobin, a former director of Empire State Development, the lead economic development agency for New York State, records show. The Mohawk data center is managed by Continent 8.
A spokesman for Continent 8, Keith Furlong, said that all of the companys gambling clients must be licensed, and that Continent 8 has no authority over their content.
Continent 8, which is based on the Isle of Man, is licensed to operate in New Jersey. When told that Continent 8 was hosting Bovada, Ms. Langan, at the states gaming enforcement agency, called Bovada an illegal website and said, Continent 8 has an obligation to conduct due diligence with respect to its customers. If the company knowingly did business with an illegal gambling operator, she said, her agency would commence regulatory proceedings.
Bovada did not respond to requests for comment.
Offshore gambling sites can be difficult to prosecute, requiring hundreds of hours of labor-intensive work, sources, wiretaps and surveillance. There are not a lot of people in law enforcement who know how to do these types of cases, Mr. McNally, the former New York City detective, said.
Even if they do, prosecuting other crimes may be deemed more important than stopping illegal gambling.
Curtis Coburn worked years undercover for the Plano, Tex., police, building a case against a major gambling ring run out of Curacao. It was hard to convince people that it was as big as it was, Mr. Coburn said. Twice the federal government assigned an agent to the case, but both times the case was shut down. It was very frustrating.
Eventually Mr. Coburn contacted a federal agent he knew and they convinced the Justice Department that the gambling ring was a worthy target. By the time prosecutors broke the ring in 2012, it had processed bets worth billions. One of the rings leaders, Mr. Coburn said, told other bookies that he had accumulated so much money that he put $20 million into the wall of a house.
The gambling proceeds were used to buy condos in Las Vegas, a casino, gold coins and even railroad boxcars. One ring member, when ordered to forfeit his ill-gotten gains, brought $1.2 million in cash, stacked it on the courtroom table, then offered to take everyone out to lunch with his last $100 bill, according to federal agents who were present.
The offer was declined when the judge said he wanted the $100 for court costs.
Offshore gambling sites, hoping to do business in countries where gambling is legal, are often licensed in small island jurisdictions like Malta, Alderney in the Channel Islands, and Curacao, just off the Venezuela coast, as well as in Costa Rica.
Mr. Galea, the consultant on gambling regulation, said the islands took on this responsibility as a way to solicit e-commerce. Today 12 percent of the G.D.P. in Malta depends on online gaming, said Mr. Galea, who set up the gambling commission there.
While Malta strictly oversees these sites, he said, other countries, like Curacao, have been less vigilant. Experts say strict regulation offers some protection against illegally accepting American customers.
Curacao believes very much in self-regulation, Mr. Galea said, adding that attempting to find a gambling regulator there would be like trying to call a ghost.
The Times gave it a try during a recent visit to Curacao, home to gambling sites that have processed bets from multibillion-dollar criminal betting rings in United States. But no one in authority there would agree to talk in specific terms about the islands online gambling industry not the governor, who issued gambling licenses, not the Ministry of Justice, not the Ministry of Economic Development.
A representative of the Gaming Control Board agreed to talk, but changed his mind while a reporter was en route.
Given the United States position toward online gambling, said Zulaika Mook, Curacaos director of Economic Development and Innovation, there is no benefit to further deepen this topic.
The Curacao government has issued six master licenses for online gambling, with each license holder having the authority to issue sublicenses to other gambling entities without the government knowing about it, according to Emily Cannister of the Justice Ministry.
Mr. Galea believes that online gambling must be regulated. Two years ago, he helped the state of New Jersey set up its own regulatory structure after some forms of online gambling became legal there.
I happened to work pre-regulation days and I have seen a lot of people suffer online because they never saw their winnings, he said. We saw a lot of people with gambling addiction problems who couldnt go to anybody for help because they knew they were doing something wrong.
Steven Elman, who is self-employed and lives in a Boston suburb, said he began betting on BetCRIS, based in Costa Rica, about two and a half years ago, after a friend vouched for him and secured a password from an agent Mr. Elman knew only as Tripper.
Mr. Elman described himself as a gambler BetCRIS does not covet he bets small amounts online, and only on boxing, not on team sports like baseball, basketball or, especially, football. If you bet on a sport thats just one-on-one, like boxing, theres less things that can go wrong, he said.
Mr. Elman said he collected his winnings a few times, but then that stopped even though he kept winning. Recently, he said he was owed $3,600, but all methods he previously used to contact Tripper no longer work.
A representative of BetCRIS said the site does not allow U.S. located persons to open or maintain accounts.
Yet Mr. Elman said that he found a number for BetCRIS after signing on to his betting account on his mobile device, then called to complain. They said you have to talk to your agent, and I said this is why Im calling you because I dont know who the agent is. This situation repeated itself with no one returning his calls.
Even so, Mr. Elman said he continued to place small bets and the website continued to tally his results. Im just treating it like a video game, he said. Just seeing how high I can get my score. No expectation of getting paid.
After all, he cant exactly Google Tripper to learn his identity.
I cant hunt down a ghost, he said.
Three years after Congress granted a legal exemption to fantasy sports, little had changed in the fledgling industry. Competition remained mostly seasonal and slow to unfold.
In 2009, a new company, FanDuel, Online casino 125 free spins entered the picture. Despite fantasy being a large market, it was an aging market, said Matt King, FanDuels chief financial officer. To shake up this stagnant business model, the company decided to focus on the millennial generation a very hard-to-reach but very important demographic of 18-to-35-year-olds, he said.
FanDuels goal was simple: Make the game mobile and make it fast. We have been innovating on that format ever since, Mr. King said.
By far the biggest change has been the introduction of daily fantasy sports. We have several million paid players, and thats growing every day, Mr. King said. Right now we are signing up 20- to 30,000 players every day.
Million-dollar prizes are now common, not just for FanDuel but also for its chief rival, DraftKings. Yet unlike casinos and racetracks, fantasy sports continues to operate free of state or government regulation.
In an interview before the fantasy sports scandal broke, Mr. King said he saw no need for regulation. Our product is all about entertainment value, he said. Last week, after questions were raised about bettors using inside information, the company said it was taking steps to ensure the integrity of our site and our games.
DraftKings is even more aggressive in venturing away from the original fantasy concept. Run largely by poker players and gamblers, DraftKings has started expanding into nonteam sports. It has also begun offering fantasy sports contests in the Hooters restaurant chain.
Fantasy sports companies have also started enticing players with lottery drawings and money for recruiting other players. A new one, called Syde, offers an app that essentially removes most of the skill from picking players.
Syde removes the tedious element of building a team or filling positions, and instead provides pre-populated, easy-to-understand games, according to the companys website. Every Syde sends out a game (or a few games) via the app. Syde A vs. Syde B. The player picks the side they think will win.
What may be DraftKings most daring venture, given the industrys aversion to the word gambling, is a partnership with the World Series of Poker, a multimillion-dollar gambling spectacle televised by ESPN. To qualify for the World Series main event, players must win smaller tournaments and play in one of a handful of states where poker is legal.
An exception is made for fantasy sports players. Win enough at fantasy sports online, and DraftKings offers a $10,000 seat at the final poker tournament in Las Vegas. One fantasy player who won a seat this year is Max Steinberg, one of many former professional poker players who switched to fantasy sports after three major illegal poker websites were shut down on April 15, 2011, now known as Black Friday.
Mr. Steinberg said there were similarities between poker and daily fantasy sports. As to why fantasy players get special treatment over regular poker players, he said, It doesnt make any sense.
DraftKings declined to be interviewed for this article.
Fantasy sports has intersected with gambling in other ways. Matthew Boccio, who assesses the value of athletes picked for teams on FanDuel, had been a sports-book analyst at Pinnacle. Mr. Boccio recently won $50,000 at DraftKings, according to the DraftKings website.
Jeffrey S. Salvati, a director of Impact Fantasy Sports, a company focusing on fantasy sports game development, said he also has a stake, along with the professional boxing champion Manny Pacquiao, in two online sports books both licensed in Curacao.
Mr. Salvati, who recently moved from Pennsylvania to Las Vegas, said his two online gambling sites, Ubet.ag and Vitalbet.com, were run by a business partner and did not accept American customers. But after examining Internet traffic, The Times found that Ubet is hosted in the United States, and that Vitalbets content is delivered at multiple locations around the country.
In addition, online traffic measurements maintained by a company called SimilarWeb show traffic to these sites from the United States over the last 12 months. There is a difference between traffic to a site and signing up actual players, Mr. Salvati said.
Perhaps the greatest beneficiaries of fantasy competitions are the professional sports leagues, which have long opposed legalizing gambling.
Mr. King, the FanDuel executive, said his company had partnerships with more than two dozen professional sports teams that openly embrace fantasy sports because it increases viewership and, they contend, does not threaten the integrity of the game.
I think fantasy sports is a way to legalize gamblers interests in sports betting without legalizing sports betting, said I. Nelson Rose, a law professor who has written extensively about gambling issues. It is a way for the professional sports teams to have it both ways.
The Price That Is Paid
Jeffrey Derevensky is not antigambling.
Personally, I dont object to gambling, said Dr. Derevensky, the McGill psychiatry professor who runs a center for problem gamblers. I object to young people gambling, because they dont have the ability to set limits both in terms of time and money.
Which is why youth gambling in the Internet era so concerns him. Young people, particularly young men, are greater risk takers, while access to gambling has never been easier, he said. From 2 percent to 4 percent of young people have gambling problems, Dr. Derevensky said, citing what he said was the best available research on the topic.
Young men, he said, tend to believe that by playing and watching sports they can better predict the outcome. I dealt with a sports announcer who lost $100,000 on one Sunday playing football, he said. He came to me, and he said, If a monkey was throwing darts at a board, the monkey would have done better than I did. How could I lose 12 out of 13 games when I know all the statistics?
Counselors who work with problem gamblers say fantasy sports carries with it the same concerns as other forms of gambling, especially because most players end up losing money. Legislators and sports executives who believe otherwise, they say, are deluding themselves. Indeed, a study in the Sports Business Journal found that in the first half of this years major league baseball season, 91 percent of daily fantasy profits were won by just 1.3 percent of players.
Increasingly, the worlds of illegal betting and fantasy sports are merging, said Mr. Whyte, who leads the National Council on Problem Gambling. There is an enormous overlap between people who bet on sports, people who play fantasy, and people who play daily fantasy, he said. Are people getting into trouble? I can answer that absolutely, unequivocally, yes.
He cited a man under age 30, living in the Midwest, who knew he had a gambling problem and so switched over to daily fantasy sports. He lost $70,000 in three months. The closer you get to daily fantasy sports play, the more likely you are to gamble, gamble on sports and gamble illegally, Mr. Whyte said.
The public does not fully understand fantasy sports, according to Dr. Timothy W. Fong, co-director of the gambling studies program at the University of California, Los Angeles. The only reason they dont call it gambling is because the law tells them if they call it gambling, then they cant do it, he said. Because its gambling.
Mr. Mauro, the DePauw student who said he had won several hundred thousand dollars playing fantasy sports, disagrees. It is more like investing, he said. I have a portfolio, Im trying to diversify the portfolio by picking players every day.
He acknowledges that the hours he spends drafting teams conflict with his schoolwork. I would probably say its impacted it negatively because, I mean, it comes to studying for a test or betting $20,000 in a night, youre probably going to choose spending the extra time on the $20,000 bet, he said.
But, I still get good grades.
Jacqueline Williams, Charles Eckert and Anita Abedian contributed reporting. Research was contributed by Jack Begg, Aurelien Breeden, Kimiko De Freytas-Tamura and Alain Delaqueriere.
A version of this article appears in print on October 16, 2015, on page A1 of the New York edition with the headline: The Dark Reality of Online Sports Betting. Order Reprints | Today’s Paper | Subscribe
Jacqueline Williams, Charles Eckert and Anita Abedian contributed reporting. Research was contributed by Jack Begg, Aurelien Breeden, Kimiko De Freytas-Tamura and Alain Delaqueriere. Produced by Meghan Louttit, Shreeya Sinha and Rumsey Taylor.