Is Betting with Cryptocurrencies Legal?
Cryptocurrency is a relatively new innovation. Owing to this, its acceptance as a means of payment in many countries is still under debate. Whether cryptocurrency is allowed for sports betting or any gambling purpose at all is still a question with no clear answers. The reason for the lack of clarity in acceptance for sports betting is partly because most countries do not see Cryptocurrency as “real money”.
For instance, the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) of the United States makes it illegal to gamble using electronic banking means. However, people have argued over the years that this act only prohibits banks from processing transactions between gambling websites and residents of the US. Looking at it from this perspective, many casino sites register and get their license in territories where gambling is allowed.
Another technicality is that some people argue that there are no laws that expressly prohibit placing bets in the US. However, states in the US (Delaware, New Jersey, and Nevada) recently lifted the ban on gambling and also granting licenses to casinos. The residents of these states are,therefore, free to gamble using whatever means they might choose, including bitcoins.
Best Online Casinos for Sports Betting with Bitcoins
Choosing the best casino outof the available sports betting sites can be a hell of an issue as some sites offer the best odds while others give the widest array of sports you can play. And the bonuses they offer can vary a lot. 5staronlinecasino.com can help you with gathering the best bonuses from online casinos in one place. However, here’s a list of some of the best legal casinos that accept bitcoins.
- 1X Bet:
1xbet is licensed in Curacao which implies that it is a legal platform. One of the most amazing features of this online casino has to be that its payout that can go as high as 98%. Furthermore, users have a range of sports to choose from including basketball, football hockey, etc. On registration, you get a 100% casino bonus on your deposit especially with cryptocurrency options like Bitcoins, Ethereum, Lytecoin, etc. We have something for those who also enjoy playing online slots for free. We offer you to take advantage of this bonus of 50 free spins with no deposit needed and play your favorite slots without risking your own cash.
Intertops is one of the most popular sports betting casinos in the US. The features that might interest you include, a vast range of withdrawal methods, best customer service amongst others. Users using bitcoin stand a chance of getting a 50% casino bonus. Furthermore, the odds are very friendly and you have a wide array of sports to choose from.
Betcoin is another old legal casino in the world of sports betting. This casino supports a lot of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple and lots more. Betcoin gives you an amazing deposit bonus totaling 3bitcoins and 10 free spins.
22bet is a sports betting online casino that allows betting using bitcoins in a range of sports including football, tennis, baseball, etc. They are fully licensed which means they are a legal platform. All users are entitled to a 122% bonus on registration while those paying in with cryptocurrencies like bitcoin earn an extra 122% asides their initial bonus.
With registration bonuses that could go as much as 1bitcoin, 1xbit is the best bet for anyone looking into sports betting. There is a huge variety of sports available to bet on and the odds are very friendly especially in football. The only acceptable means of payment is by cryptocurrency and it is fast. The transactions are anonymous and are free for those using bitcoin. They also give tips on match preview that guide your predictions.
Betwinner is a casino site that is fully licensed. They give one of the highest odds in terms of sports betting and they allow payment with cryptocurrency. New users get a 100% back bonus on their deposits, particularly with cryptocurrencies. Betwinner also allows you a wide range of sports from which you can play.