Betting with Cryptocurrency is growing in popularity

[pokxon]

Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.

[Crystalcoin24]

betting is illegal in most of the countries , so when we hear the name betting with cryptocurrency then a bad face of this come upon our mind but online gambling is involved with cryptocurrency and it is gaining a lot of popularity among the investors as well, and bitcoin market is also accepting this matter after proper investigating

[steplaza]

betting is not illegal at all, it is regulated of course but not illegal. Not sure how the laws apply to crypto betting, but for sure it's a promising use case for cryptos due to the possibility of  decentralization

[Primal6666]

Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.

It's unclear why you wrote it, as something new. Gambling has always been popular, so they will remain same. Same, dice, are present in many low-level exchanges. Digital money allows you to deal with this anonymously, that why the popularity is so high.

[batang_bitcoin]

Gambling with crypto's and betting with your favorite sports team and games has been there for years.

This isn't a new thing in the cryptocurrencies and this is also one of the biggest contributor in crypto's. Gambling industry is one of the reason why bitcoin and other popular alts gained demand because of the gamblers that has found convenience through it.

[valheru]

Bitcoin is a safe system so it is very normal to use at betting places. Even if the number of players is high, it is illegal in most countries. So Bitcoin helps people to play a more secret bet and this is a great freedom.

[mastadonballs]

Because cryptocurrency is very secure that why so many people want to use cryptocurrency to bet on sport matches ). But not only at the moment, cryptocurrency has used to bet for long time ago on Dice websites ). I think it's a smart way to get money from betting without being arrested in countries which don't seem betting is a legal activity.

[fudster]

Surely the Chinese are fun of betting, combined it with bitcoin and they are going to make the market bigger than 1.5 billion. No wonder there are tons of betting sites in crypto. The gambling sites however aren't pretty easy to load which is why I don't go there. Dice sites are the only faster to load the pages.

Gambling with crypto's and betting with your favorite sports team and games has been there for years.

This isn't a new thing in the cryptocurrencies and this is also one of the biggest contributor in crypto's. Gambling industry is one of the reason why bitcoin and other popular alts gained demand because of the gamblers that has found convenience through it.

I remember directbet was quite easy but they're closed already.

[stellaekun]

Some casinos certainly find it easier to use cryptocurrencies than with fiats, the cryptocurrency use in gambling circles is increasingly becoming popular

[Bagani]

Betting platform are good for crypto economy, well recently i found ico about this betting or gambling with partnership of  my favorites player in sports like boxing and basketball. The filipino pride nonito got video advertisement and kyle kuzma and srth curry of nba. Im gald to see them in crypto. I also want to bet so hope gambling will become popular in the world

[V. J. Meyer]

Bitcoin is a safe system so it is very normal to use at betting places. Even if the number of players is high, it is illegal in most countries. So Bitcoin helps people to play a more secret bet and this is a great freedom.

The use of cryptocurrency in betting services is very reasonable and safe, confidential player information. Although banned in many countries, everyone knows that betting always exists in many ways, so the use of cryptocurrency in bets should be more exaggerated.

[johnleo]

I like cryptobet because I come from county which betting is illegal and then most cryptobet platform don't ask KYC and proof of address. Previously I have tried to join with international bet platform that using FIAT as payment but need a few days to make a deposit so better solution is using cryptobet.

[kirstiemorton23]

I think gambling has been around since time immemorial, many countries legalize gambling, I think gambling developers make cryptocurrency a gambling tool and it's an innovation for the gambling industry, payments and bets using cryptocurrency, the technology continues to grow and the Chinese government can not get that.

[Endikadija]

Online gambling encroaches on the Chinese cryptocurrency market
According to an investigation into a Bitcoin-accepted online gambling platform, the amount of money wagered during the World Cup is 10 billion Yuan ($ 1.5 billion). In particular, the Chinese police have recovered 5 million Yuan, equivalent to $ 750,000 and $ 1.5 million worth of cryptocurrency.

It should be more than it, remember there was a lot of zero knowledge coin has been used to betting on any event such as dash, monero, zcash and many more. I guess the majority of them are using zero knowledge coin such as monero because it can't be traced and anyway the police just discover a little amount.

[batang_bitcoin]

Gambling with crypto's and betting with your favorite sports team and games has been there for years.

This isn't a new thing in the cryptocurrencies and this is also one of the biggest contributor in crypto's. Gambling industry is one of the reason why bitcoin and other popular alts gained demand because of the gamblers that has found convenience through it.

I remember directbet was quite easy but they're closed already.

Yeah I witnessed that they are one of the most preferred casino few years ago and I don't know what's the reason behind their closure.

Previously I have tried to join with international bet platform that using FIAT as payment but need a few days to make a deposit so better solution is using cryptobet.

This is also why most are preferring crypto betting or gambling with cryptocurrencies, fees are cheaper and transactions aren't taking too long.

Once it gets confirmed for few minutes, you have your money for deposits and withdrawals.

[annasadia]

There are endless ways to earn in the market of crypto currency, one of the ways is gambling. This popularity of this method is growing. People bet on various types of games,. This will make the market of crypto currency notorious, police are trying to stop this activity.

[deus030518]

Most of the gambling whether it would be games or matches in the world cup or any kind of sports must be done in a casino or any casino outlet as most governments has regularized them. The problem here is that if the gambling is done in unknown sources then it is considered illegal specially those done in the black market and with the use of cryptocurrencies as the medium of betting then it will leave a bad mark in the market.

[krassy]

Gambling with the use of cryptocurrencies are becoming more popular, a lot of projects from the beginning of 2018 announced the development of platforms for gambling and casinos. I believe that gambling will always be very popular because people dream of getting rich quickly and are ready to lose all their accumulated property and money in the hope of becoming millionaires.

[jonloner011]

I think it is normal due to the nature of cryptocurrency and it's decentralized system. And cryptocurrency is a bless for gamblers as it can not be traced where fiat currency transaction can be traced with many sources and systems. In future the trend of betting with cryptocurrency will increase I think.

[Indrawan77]

Its not surprising that crypto being used for gambling, since crypto being introduced a lot of crypto gambling keep popping out and crypto gambling is very famous among the gambler, and the fame of crypto gambling is not only in China but also in the whole world even in countries that not allowed any gambling