Betting with Cryptocurrency is growing in popularity

[Zakifon]

I agree that now the popularity is gaining rates on the blockchain .. recently completed the project Bethereum, who participated?  I consider this a very strong and promising project

[rahimali]

Actually, it is not a new word. I was not wondered at all. Cryptocurrency gambling has been started in 2014 and it is growing since then. Gamble is an ancient game. It will live for thousands of decades. It is not positive but because of it, Bitcoin usage is growing up.

[Larymause]

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.

Gambling has always been popular, regardless of whether it's sports or crypto currency. While in the world there are a lot of gambling people, betting companies will prosper. Personally, I never liked it, because you will always lose there.

[campusnet]

betting has always been there and will still be there. now more and more the ico project with betting platform to make their currencies. and project betting always get investors with large funds.

[iamsediii]

Technically betting is real illegal, But this is online and decentralized crypto use to bet. Most entire country not yet regulated that. So from now betting online with crypto-currency is legal.

[Chacha1000]

Betting with cryptocurrency is truly growing in popularity and I can say is a good development because the more it gets popular the better cryptocurrency becomes

[webtricks]

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.

As per my country's laws and most of the other countries, online betting is not illegal. So it is not a surprising fact that online betting has grown to such extent. However, one has to pay Windfall Gain tax or Casual Income tax on such incomes which is generally higher than normal rate of tax. So in order to escape such taxation, people have moved to crypto betting. And believe me, it is really fun to bet with cryptocurrencies. One can send any amount, play any odd, any number of times without worrying income tax or any other kind of regulations from government.

[Sama517]

I believe a lot of people will prefer using Cryptocurrencies in betting activities most especially if they want to be anonymous and not identified as gamblers based on maybe religious and social reasons.

[andrey111]

I do not see any problem here at all. If you accept bets in fiat money, then why not take in the crypto currency? If you think so, you need to ban dollars, they also pay in the casino. Just follow the laws of the country in which you play, that's all.

[bhantom]

If it is something new in China, it should increase worth of more popula coins which will be used in online casinos. For me it is good informations, and if number of invested coins for gambling will be that huge like money which were invested, it will be really good for market

[mc.craigsvictor]

For such type of action of some gamblers, the reputation of bitcoin is on the verge. Chinese governments should do something to punish the perpetrators but they should not ban bitcoin or crypto currency because of this but hats off to the police for such recovery success.

[piaomar]

now, so many projects about gambling and I think the project with the concept like this is crowded followed by many investors. we know that the opportunity to make a profit in here is big so they make good use of it.

[Balorck]

In my opinion, the cryptocurrency will soon conquer the entire market and not only gambling . It opens all the doors to the people . and gives a lot of possibilities

[13ex07]

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.

Maybe it sounds strange, but I think it's good news. At one time, the porn industry pushed the development of the VHS video standard and sent the standard developed by Sony to oblivion.

[EdwardClinton]

It's really disappointing. Online gambling in Chinese cryptocurrency market is very disappointing. This type of gambling should be stop before it gets really extreme.Already Chinese Police has done a great job and I think in future they will be able to stop it permanently.

[MatthewNaccarato]

Recently the Chinese government has imposed various rules and regulations on cryptocurrency trading in China. Due to this, the gambling money was seized by the Chinese government. The cryptocurrency prices in China have lowered a lot due to this step.

[mdzahed134]

 i think still BTC is not highly popular in gambling platform.Majority of the gambling big site is not accepted in Bitcoin like Bet365 is the most popular gambling site in all over the countries.Than i think second is Paddypower is another big one gambling platform.They accept only Netteler & skrill currency.I hope at future they will be accept Bitcoin.          

[Valay9836]

since interest rates are illegal in most countries. therefore, people are switching to cryptocurrency. because it's hard to track.

[supermine]

The market capitalization of the crypto gambling is very huge and it is already legal in most of the countries even India is in the process of making it legal,so the world is getting ready for the crypto environment in every field.

[alex_kir]

Why not? I think that in most cases, rates are a very profitable type of business, because it often happens that people do not understand anything in this matter, they just bet on experiencing fate.