Sports betting to begin this Thursday in Connecticut

[danherbias07]

Quote from the source:

which approved an amended agreement between the state and Mashantucket Pequot and Mohegan tribes that allows legalized sports wagering, online gambling and other new forms of betting, was published in the Federal Register.

I guess this includes cryptocurrency betting which is not a problem for the said state.

2. Is it regulated by Connecticut?
Yes, depending on the activities that are being engaged in, Connecticut General Statutes treats virtual currency similarly to fiat currency (a.k.a. cash) under Connecticut’s money transmission scheme.

https://portal.ct.gov/DOB/Consumer-Credit-Licensing-Info/Consumer-Credit-Licensing-Information/Virtual-Currency-MTRA-FAQs
If that's the case then yes, all is good news for them. It will be better though if they just keep on what they are used to for the past 2 years.
Online gambling or with the use of cryptocurrencies. I am still in doubt about physical casinos if they can control the health protocol due to Covid. It's still frightening to interact with different people.

[agustina2]

It's a good news and a breath of fresh air, considering that the past few months brought forth lots of negative news about gambling.

Negative news this past few months? Like what. The topic isn't really news to cover those negative news, if there's any. If you are talking about regulations, as far as those topics here in the section are concerns, that's not negative news to be considered. Regulations are even meant to make gambling more user-friendly and give assurance that people are always covered.

[chaser15]

I am still in doubt about physical casinos if they can control the health protocol due to Covid. It's still frightening to interact with different people.

There's no perfect security against the virus that even how strict the protocol is, the virus can still breach the security. As long as casinos are maintaining it properly, that's good as gamblers will feel secured. But you know even it's frightening to interact with different people today, casinos are still jampacked and their capacity limit always hits. That's how comfortable people are now maybe because we already know lots of information about the virus today.

For sure there will be heavy regulations that come from their government and KYC verification should be a must on this.

Even without heavy regulations, fiat casinos always have mandatory KYC. If crypto will be added at those websites mentioned on the 1st page, it's like using a service like a crypto exchange, regulated companies that do crypto transactions.

[smyslov]

From Ukraine to the  Netherlands  and now Connecticut in the US, I must say that it is good news for the gambler, gambling operators and for the state. I reckon we are so close to bitcoin being approved as a payment method.

It happens when we are in a pandemic, gambling is the easiest way to generate funds for the government and its job creator, let's face it because of the pandemic many businesses and industries are having a hard time coping, these states and countries are giving chance to an industry that can exist and operates and create jobs and gambling casinos online and offline can do this.

[uneng]

What do you think of this news??

Due to the pandemic effects even states and countries with an anti-gambling history are changing their approach in an attempt to increase the receipt to balance the economical situation of the public administration. After so many years or decades blaming gambling, it looks like it has finally turned into a possible solution for politicians to make their mandates more efficient.

That is not a bad thing though, because a regulated market is more attractive to a certain portion of the population who avoids activities which lack official permissions. Now with the legalization of gambling, the population may feel more confortable to start betting without the fear of being stigmatized for doing something illegal.

[Cling18]

It's a good thing because to be honest, while there are countries that are legalizing gambling, lots of countries are also banning it. As more countries allow gambling legally, I hope that they would also educate people about the proper handling of gambling so their citizens wouldn't get addicted to it.