The United States legislature made Sports betting a proper nightmare since the introduction of PASPA which made fiat currency sports betting illegal in some states, while the small number of states that legalized it is facing issues with transferring the winnings from online betting platforms. Since Bitcoin is not under any government’s jurisdiction, all transactions are anonymous, and you don’t have to provide any private information in order to gamble with cryptocurrency – it’s easy to see why Bitcoin Sportsbooks are the future of online sports betting.
According to Toshi Times, bitcoin is on the rising trend as a sports betting currency. There are several reasons for the upward-trending of cryptocurrency gambling which include the inception of automation in Bitcoin sports betting thus enabling the game providers to further expand their offer. Furthermore, the fact that the entire user experience is online-based facilitates betting for players that live in countries where wagering on sports events is illegal or heavily taxed. Simply put, Bitcoin sports betting is equally beneficial for both game providers and players, equally.