Bitcoin Poker Site Operator to Pay $25,000 Fine
The former operator of bitcoin poker site Seals with Clubs was sentenced to two years of probation and fined $25,000 today.

The former operator of bitcoin poker site Seals with Clubs was sentenced to two years probation and fined $25,000 today after pleading guilty to the unlawful operation of a gaming site earlier this year.
Bryan Micon pled guilty in July after being charged by the Nevada Attorney General's office in the spring. Micon's sentencing hearing took place at 9 am local time in Las Vegas, according to the attorney general's office, which was not immediately available for further comment.
At the time he was charged, Micon faced as many as 10 years in prison, and upwards of $50,000 in fines.
The Nevada charges came after the abrupt closure of Seals with Clubs in February. That same month, state gaming officials raided Micon's home, prompting a flight to Antigua.
Micon later returned to the US to face the charge.
According to a report by the The Associated Press, defense attorney Richard Shonfeld said that Micon would "complete his probation in Las Vegas and move with his family to Antigua to take a job in the technology office of a newspaper there".
Hundred-dollar bill image via Shutterstock
More For You
KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Strategy shares register first six-month losing streak since adoption of bitcoin strategy in 2020

Crypto analyst Chris Millas has highlighted an unusually persistent slump in Strategy shares, breaking with past drawdown patterns even as the firm continued accumulating bitcoin.
What to know:
- Strategy shares fell in each of the final six months of 2025, marking the first time since the firm adopted bitcoin in August 2020 as a treasury reserve asset.
- The decline stands out for its persistence, as past selloffs were often followed by sharp rebounds.
- The stock sharply underperformed both bitcoin and the Nasdaq 100 despite the firm's continued BTC purchases.











