Throughout history, many online gambling and poker sites have been subject to fraud. Owners would cheat, overstate the odds of winning, operate like a Ponzi scheme, refuse to process withdrawals, or simply exit-scam altogether.

The 2006 Unlawful Internet Gambling Enforcement Act banned transferring money to and from illegal gambling websites, making it impractical for an online gambling business to serve US residents. With USD transfers nearly impossible, demand for censorship-resistant cryptocurrencies increased, and USDT and other cryptocurrencies met the niche market demand.

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