Will you gamble on Bitcoin ETF approval results?

[Dickiy]

I just found out that the Bitcoin ETF is used as a betting event, what is the Odds system or for example how prizes are distributed, is there a Reward Pool that has been provided by the site provider according to the amount we bet? Because it is quite interesting that the results of the January 9 meeting are likely to be postponed by the SEC. I may have found out this information too late and was curious as to why people dare to bet with only 2 options 'YES" or "NO". There should be a "Delayed" option.

[maydna]

~snip~

Bitcoin ETF approval has become a wait on the Godot,  and for sure no one no what next is going to be coming from the sec,  there have been a lot of delays in this regard and as such many have lost hope on timing,  and even though we all anticipates the approval to come on time and get things done with we have to make sure not to become over the bearing of the fact and become too passive in our speculations.

So for that,  I may likely refrain a bit from speculating the price of bitcoin and up to that extent also I will not be placing a bet on the ETF approval either because this is the most unrealistic bet.

No one knows what will happen next, so everyone is still waiting for it. Even if there will be another delay, people will still wait for it. We don't need to speculate on the price of bitcoin, and it is better to follow its price journey from day to day to see when the ETF approval will be approved. And before that happens, we can continue with our plans to invest in bitcoin so that news about the ETF approval will not divert our focus.

I am also not waiting for ETF approval, but I am still following the price movements of bitcoin. We will see what happens this month, and hopefully, there will be an even higher rise from the current price where the bitcoin price could rise to $46k, and I wonder whether it will break through the $47k price or stay at $46k.

~snip~

I agree, it's just a matter of time. Some ETFs from other countries have been approved, CMIIW. And in the past, there were applications but then rejected. That's why the newer ones have already learned in the past and just corrected what they have to do so basically, it's very likely that we're going to see some approvals, it doesn't matter on how many of them but sure there will be at least one. If the SEC starts to decide to delay again the decisions, that's how they play this game. The final laugh is still on them but for sure that they're going to take huge benefit from their decisions.

If more countries approve ETFs, that means more opportunities for bitcoin to be accepted globally, providing an impetus for the adoption process to run even better. And until that day, we can only wait without being able to do anything because we are only small users who can only wait for the decision to be approved. And even though the decision will be postponed or even rejected, we can only wait for it, but we still have time to buy bitcoin at the price we want or follow the plan we made.

~snip~

Good luck if you ever place a bet on it. Well, those that just want to have assurance will just have to find the casinos where it is listed and check out the odds on which is going to be better and just place one bet with the other. If it's just a break even, well the important thing is that you've enjoyed but if not, let it go and accept defeat as long as you've taken part of this historical moment. Historical in a manner that if it gets approval, we'll see the price to shoot. But if it's declined, it's still historical for how many times that many of these institutions have applied for it.

I'm still waiting and haven't done anything with the bet

If you look at what has happened, there is a possibility that the ETF approval will be postponed again as before, but who knows? I have no idea about this. But yeah, I haven't decided until today. But maybe I'll look for any casinos that already make bets besides that casino.

[sujonali1819]

Dramas overload

First SEC published a news on twitter that ETF is accepted. Later they make another tweet that the Twitter account was compromised even Twitter also confirmed this that the SEC twitter account was compromised. Lol

Later around 30 minutes ago SEC uploaded a PDF regarding ETF approval. And then another drama, The pdf is deleted from the website.

But yeah it seems ETF is Finally accepted. 

Did someone make any bet on ETF approval result?

[terrific]

Gensler trolled.
Market up.
Market down a bit.
Market up again.
Bitcoin spot ETFs have been approved.
Those that have bet for this are now in profit but how much it was for you guys? It wasn't that much because the odds are too little.

[HelliumZ]

Gensler trolled.
Market up.
Market down a bit.
Market up again.
Bitcoin spot ETFs have been approved.
Those that have bet for this are now in profit but how much it was for you guys? It wasn't that much because the odds are too little.

There was gambling even before the Bitcoin Spot ETF approval application and if there were bets on gambling then there will be gambling if the Bitcoin Spot ETF is approved. But if bitcoin spot ETF is approved, it may open a new horizon in gambling and increase the amount of gambling bets. However, due to the drama seen with Bitcoin spot ETF approval, none of us can confirm whether Bitcoin spot ETF will be approved this year.

[Rengga Jati]

To be honest, I really don't want a betting tone regarding Bitcoin ETFs. Because I'm afraid, if a lot of whales or big players place bets, could this have the effect of actually manipulating ETF results? Aah, this is almost over and we still don't think what will happen. But I don't think so. The Bitcoin ETF process has been discussed and analyzed not just at the last minute. However, this long-awaited decision will really affect the price of Bitcoin and cryptocurrencies in general before the halving. There is still a lot of debate regarding whether the Bitcoin ETF will actually be approved or not. and I personally am not interested in betting on that decision. 

[hedgeh0g]

I didn’t, because I really thought that the chance was not as big as everyone around was saying and that it wouldn’t happen. But I watch one influencer and he bet 10k that the ETF will be approved. The odds were 1.18. Now he has won. Perhaps he didn’t believe it himself, but did it to show some content to attract more subscribers. In any case, he won, although not by much. Maybe he was just lucky and the next event similar to this will not happen and then he will lose everything he won.

When placing bets like this, you need to have an advantage in knowledge, and only insiders can know this, which also affects the odds. Also, one of the reasons why I didn’t place a bet is that the SEC’s Twitter account was hacked. Such unexpected things make me doubt more than before and that everything may not go as planned.

[Sandra_hakeem]

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

That's not how they consider whether or not they'd wanna wager their cash on new options like that... They'll simply check on the odds to see if it sooths their play pattern - if it actually does, and their preferred casino supports it, why not?
The only restrictions there would be created by the casinos that support this new event - assuming theirs doesn't... If it's a YES and NO option, I feel it's a bit intriguing and ofcourse, people like to squander on new but, relative ideas.

Sandra 🧑‍🦰

[Quidat]

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

That's not how they consider whether or not they'd wanna wager their cash on new options like that... They'll simply check on the odds to see if it sooths their play pattern - if it actually does, and their preferred casino supports it, why not?

Yes, some might be having those feeling on having not irrelevant when it comes to gambling but betting into these kind of events could really be considered to be included specially if the platform would be seeing that they could really get some benefit considering that this is one of the huge or main event that we could have into this market on which it is really that impossible for those people who are involved on crypto doesnt really know about it. Just like you do said that if someone do see it for it to be interesting and their bookies do make out some kind of lines or offering those selections
then why not? Why you would really be stopping yourself on taking up some bets according into such event? If they have voted or choose up YES, then they have won that bet. 

[bettercrypto]

A Polygon-based gambling site allows gamblers to gamble on the outcome of the spot Bitcoin ETF application by some investors. Gamblers are required to choose Yes” or “No” bets on whether the Bitcoin ETF applications will be approved or not. According to a report about $1.5 million worth of bets have been placed and bettors are patiently waiting for SEC's decision. From reports it seems that the majority of gamblers believe that the SEC will approve so the majority of them choose yes.

I know that there are diverse bets on unconventional events like Miss World, the US election and even wars. But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

https://cointelegraph.com/news/bitcoin-etf-approval-results-gambling-reddit-community

Because it depends on the individual gambler if he wants to gamble through a bitcoin spot, etc. Honestly, I will not participate in such gimmicks; probably if anyone participated in that matter, they were rich gamblers.

They seem to want to take advantage of whether the bitcoin spot Etf is approved or not; they have something to take advantage of, and for sure, no matter how much they gamble there, they are ready or aware that they will lose it. It's as simple as that; it's probably understandable.

[nelson4lov]

Huge congratulations to everyone who placed a bet on Bitcoun ETF to be approved. Based on the recent news, the ETF has been approved. Holders of "Yes" shares about to get rich.

Although I'm happy for everyone who won, this sort of gambling/prediction markets are definitely not my thing but it's very exciting to see especially as this is a DeFi based product.

[Weawant]

If the casino I’m currently using should make such bet available for me I’ll bet on it without stress. Whether I bet on it or not won’t change what’s going to happen so why not just take the opportunity to make myself a little cash ?

But if I have to create a different account on a casino just so that I can bet on it, I won’t and that’s the only limiting factor I can currently think of.

Exactly, the obvious is very clear and I'm sure the casino aswell are very much aware so they are definitely not going to let people just get free money just like that so most definitely they may not put it up for gambling and if they do it will have a very little odd such that you may need a very high stake to be able to make good profit off it.

The approval is mostly likely to take place because so far a lot have been do as it regards the sec approving the ETF so if it's there on the casino to place a bet on its then it's definitely an opportunity to make some few bucks because it will most likely turn out in your favor except if it goes otherwise which it's very unlikely but then I'm yet to see any casino make Open a stake for the possible outcome of the ETF even though I know they do make Open bets for other events with much uncertainties but this case has some good level of certainty so that could be the reason why.

[terrific]

Gensler trolled.
Market up.
Market down a bit.
Market up again.
Bitcoin spot ETFs have been approved.
Those that have bet for this are now in profit but how much it was for you guys? It wasn't that much because the odds are too little.

There was gambling even before the Bitcoin Spot ETF approval application and if there were bets on gambling then there will be gambling if the Bitcoin Spot ETF is approved.

The thread is actually about it and that only proves that there was one.

But if bitcoin spot ETF is approved, it may open a new horizon in gambling and increase the amount of gambling bets.

It was already approved and there were many of the btc spot etfs have been approved. The bets are done.

However, due to the drama seen with Bitcoin spot ETF approval, none of us can confirm whether Bitcoin spot ETF will be approved this year.

Nope, they're already approved as I've said and it has happened a few hours ago and I did even said that for which you've quoted.

[Slow death]

Now that the bitcoin ETF has already been approved by the SEC, did anyone in this thread manage to bet that it would be approved and what was the value of the odds and how much money they won? I couldn't see which bookmaker had this event to bet on whether the bitcoin ETF would be approved or not, for that reason I don't know what the odd value was, but I believe it must have been a very high value given the great history of rejections that the bitcoin ETF received from the section. honestly, I didn't even believe that this time they would approve it, I just had a little hope on the 8th, but then I saw that it was fake news and that X's account had been compromised and caused the price of bitcoin to drop a lot that day and next day and when the sec finally approved bitcoin eft the price of bitcoin did not rise at all, it seemed to me that the sec's X account case was a way to prevent the bitcoin market from having a large price increase

even today the price of bitcoin rose a lot but then fell a lot, showing that there are many people who are not looking at the long term, they want to sell as soon as they can make some profit, it will be very difficult to see very high prices in the short term at this rate. Anyway, congratulations to all the people who bet that the section would approve the bitcoin etf, especially if those people who got it right bet using bitcoin then they earned even more because today the price rose to $48,000 and if they sold at that price then they made more profits.