The international legal online gambling industry is an estimated $30 billion market, and growing. More importantly for Bitcoin, it’s a global market that depends on fast, irreversible payments. Just like a ordinary casino chip in any land-based casino, digital bitcoin provides privacy, immediacy, and payment finality. Unlike most typical consumer purchases (where returns and charge backs are usually legitimate), a wager is a one-way transaction. Of course, you may be dissatisfied with the outcome, but that does not justify a reimbursement. The online gambling industry has struggled with this fact for years. Plagued by charge backs and fraudulent transactions, specialized…