Tether (USDT) supported gambling platform?

[piloder]

There are many bitcoin based gambling platform that supports other alts too but I haven't seen any that support Tether which is also like another altcoin but its value always tend to be be 1 USD. This will allow users to bet in terms of fiat without risking their money with neteller and skrill like platform and and playing with fiat based gambling platform which ask for complete verification.

What you guys think about this idea? Are there any platform which supports Tether?

[trickyriky]

I never seen Tether on gambling sites. Actually I've seen it only at Poloniex and Bittrex )))
So it almost 99% that usdt not available at gambling. I think it USA company, so it will be never in gambling.

[YuginKadoya]

I see why Tether never make it in the gambling sites, have you seen the recent price of it right now it is just $0.990995 as of now, it went down when the bad news about china spread certainly we can see that bitcoin is in the down side too, but I think this kind of coins still need to go further.

[PokerDiceMan]

I never seen Tether on gambling sites. Actually I've seen it only at Poloniex and Bittrex )))
So it almost 99% that usdt not available at gambling. I think it USA company, so it will be never in gambling.

youre true never gambling site support USDT, because not all country support USDT , tether strong regulate

about exchanger not only poloniex and bittrex, much exchanger support USDT, kraken, yobit, bitfinex and many more support USDT too

[lite]

There are many bitcoin based gambling platform that supports other alts too but I haven't seen any that support Tether which is also like another altcoin but its value always tend to be be 1 USD. This will allow users to bet in terms of fiat without risking their money with neteller and skrill like platform and and playing with fiat based gambling platform which ask for complete verification.

What you guys think about this idea? Are there any platform which supports Tether?

Nope, i don't know any gambling site that accepts tether. i don't and won't use tether anyways. the reason why i won't use tether is because the price can slip below dollar pegged value(as YuginKadoya pointed out), the other reason is this  "There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers."  (from their tos)

I'm waiting for a better alternative..

[piloder]

I see why Tether never make it in the gambling sites, have you seen the recent price of it right now it is just $0.990995 as of now, it went down when the bad news about china spread certainly we can see that bitcoin is in the down side too, but I think this kind of coins still need to go further.

Thanks for reply guys but I think major problem is legal problem on implementing USDT which is actually owned and backed by real cash in bank in anonymous bitcoin casino. Without strong KYC policy I don't think casino can provide USDT deposit and withdrawal feature.

Let see if there will be any casino that will come up with USDT as deposit/withdraw option in future or not. But if there will be one than that will be really amazing for all those gamblers who don't want to get fxxxx up in fiat based casino when trying to hedge against bitcoin volatility.

[BayAreaCoins]

I play with USDT (tether) on LuckyGames.co with no issues.

[justspare]

I play with USDT (tether) on LuckyGames.co with no issues.

Isn't tether just regular usd but for digital representation ?
Why not just gamble with regular fiat currency dollar instead of trying to find a place that allows you to gamble with the digital representation of it ?

I have never seen anywhere that allows people to wager with tether before but I suppose it makes sense because as soon as you put dollar into your website things gets too real and I am pretty sure the laws are way different than it is.

Consider that when you gamble with your fiat on places like pokerstars, they give you chips that represents dollars you have, so when you gamble with tether that is basically the same thing.

[SyGambler]

I play with USDT (tether) on LuckyGames.co with no issues.

Isn't tether just regular usd but for digital representation ?
Why not just gamble with regular fiat currency dollar instead of trying to find a place that allows you to gamble with the digital representation of it ?

I have never seen anywhere that allows people to wager with tether before but I suppose it makes sense because as soon as you put dollar into your website things gets too real and I am pretty sure the laws are way different than it is.

Consider that when you gamble with your fiat on places like pokerstars, they give you chips that represents dollars you have, so when you gamble with tether that is basically the same thing.

not sure about the legal part for USDT but I'm sure many people will prefer to gamble with it rather than btc or any other crypto
there are many sports bettors that I know would love to try some of the crypto gambling sites , but they take the price of bitcoin and other cryptos seriously so they don't feel that safe holding crypto
offering USDT gambling may be the best solution for them since they can try crypto gambling sites and hole USD at the same time

[earnadoge]

I play with USDT (tether) on LuckyGames.co with no issues.

Isn't tether just regular usd but for digital representation ?
Why not just gamble with regular fiat currency dollar instead of trying to find a place that allows you to gamble with the digital representation of it ?

I have never seen anywhere that allows people to wager with tether before but I suppose it makes sense because as soon as you put dollar into your website things gets too real and I am pretty sure the laws are way different than it is.

Consider that when you gamble with your fiat on places like pokerstars, they give you chips that represents dollars you have, so when you gamble with tether that is basically the same thing.

There are some advantages to gambling with tether on LuckyGames.io, if you want to play micro with five dollars, and bet really small, but at the same time don't want the value to fluctuate, than the minimum is is really small, one bit of a dollar.  Even proper casinos with cash might have a small betting range, the min and the max bet are fairly close together compared to crypto.  Also normal cash casinos always take your personal data and are famous for harassing people on the phone they provided,sending junk mail, etc.  I played with tether on LG for a bit, and I did like it, and since value of other coins was dropping, I could exchange it back to doge, and I would get more.  Also if a value of your coins in LG account increased by a lot, their value can be locked in by converting to tether, until ready to withdraw.

[squatz1]

Nothing is supported by USDT for gambling, and while it would be cool to see something that would provide you the luxury of little to no price fluctuations in the cryptocurrency that you're trading with -- it's impossible to see this due to the regulatory issues of a gambling site accepting a currency which is supposed to be backed with US dollars.

If something like this ever was to happen (gambling sites accepting tether) the banks that are handling USDT reserves would be in an uproar and wouldn't allow it to continue. While some small sites may be getting away with it now, I can't see that continuing for the foreseeable future.

[sweetbet]

I didn't realize that there are online casinos that accept Tether. ie. luckygames.co I'm glad that I came across this thread. I would rather deposit using Tether because at least then I'd know that my balance isn't going to plummet every time BTC dumps.

[shanem]

I hope gambling platform will accept Tether (USDT) but it would cause trouble for them as regulators will claim that USDT is supposedly backed by USD and demands the operator to conduct KYC checks on customers depositing Tether. Another problem is USDT is audited and if the 'backing' fails, the gambling sites will lose a large amount of money.

[jademaxsuy]

Yeah it seems like bitcoin is more legit when use to pay for betting but if betting platform accepts tether then there is nothing wrong about it. In facy tether is one good crypto that has stabilize its value just a like a crypto with a value of dollar. As bitcoin market especially when it goes down then definitely tether is one good crypto to trade bitcoin as for the moment.

If you will just ask if there is aby betting platform accepts tether for now then I am not seeing yet a betting platform uses tether but probably in the near future. Well just have to wait and see for development does not take in just a short time.

[Ucy]

I saw someone mention on another thread that he uses tether a gambling platform.
I guess it coiy be used along with cryptocurrency... maybe for storing gamblers fund or for gambling... but this should be optional. After all it is cryptocurrency gambling not fiat or stablecoin gambling.

[Bitinity]

I saw someone mention on another thread that he uses tether a gambling platform.
I guess it coiy be used along with cryptocurrency... maybe for storing gamblers fund or for gambling... but this should be optional. After all it is cryptocurrency gambling not fiat or stablecoin gambling.

Although tether is a stable coin but it is still one of crypto currency. Indeed it should not be here, probably the best place for this topic is at Service Discussion (Altcoins).
Related to the main question which is about gambling site that accepts tether, there are some sites such as Luckygames and Bitstarz. Unluckily both sites are not reputable enough in this forum as there are some serious accusations against them. So DYOR if anyone want to play at those sites.

[traderethereum]

I never see tether has been used in the gambling website and maybe it still on the development, but I guess that in someday, there will be a gambling website that will support this. Tether is one of cryptocurrency, so there is a chance for the tether to be used in the gambling games. But I still don't want to use tether for the bets because tether means real money for me

[alisafidel58]

I never see tether has been used in the gambling website and maybe it still on the development, but I guess that in someday, there will be a gambling website that will support this. Tether is one of cryptocurrency, so there is a chance for the tether to be used in the gambling games. But I still don't want to use tether for the bets because tether means real money for me

There are lots of gambling site that you can use the tether to gamble. Just do a little google search you can find a casino that accepts it. Betchain.com accept USDT/tether.

[NeuroticFish]

I didn't realize that there are online casinos that accept Tether

For the casinos that already accept more than one crypto, I guess that asking their support or in their thread could do wonders.
It may help if you are already their customer, but it's not a requirement. They may add it just because others already have USDT and they don't want to "fall behind".

[vennali]

It is actually a bit weird that all the casinos that I gamble on dont accept USDT. Thats the most stable coin out there(along with the 3-4 similar cryptos). I guess its time to write to the casinos to have a look at USDT. Maybe one of the reasons might be about the fact that theres still a bit of a controversy surrounding USDT. They themselves have come forward and claimed that not all USDT is backed by USD specifically.