Bitcoin Poker Boss Pleads Guilty to Nevada Gaming Charge
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/AZFK26GJWZDXPJRE5VUZVDJX7I.jpg)
The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say.
Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports.
If he completes his probation, Micon will instead be able to plead guilty to one gross misdemeanour count of conspiracy for running an unlicensed gambling site. The duration of his probation is yet to be determined.
Micoin will also have to give up property seized during a raid in his house carried out by the Nevada Gaming Commission, including $900 cash, some 3 BTC and electronic equipment.
According to VegasInc, back in April Attorney General Adam Laxalt said he believed the charges against Micoin were the first of their kind in the state of Nevada.
Gambling image via Shutterstock.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.