Will you gamble on Bitcoin ETF approval results?

[cryptomaniac_xxx]

Here is the latest if others wanted to see it without clicking,



https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704464379974

But if there is a crypto based casino that will list this option, for sure there will be gamblers that's going to bet on it. But odds for the "Yes", is going to be not that attractive as maybe majority thinks that there will be approval.

[ethereumhunter]

I haven't bet on certain events like Bitcoin ETF or others. Maybe it will be interesting to bet while determining what will happen later. But we still have to be careful in placing bets and only use the money we can afford so that if we lose, we don't lose a lot of money. And just leave it to the greedy gamblers who want to win big by placing big bets.

But if it is an ETF, I am still not sure if it will be approved immediately considering that the ETF has been postponed several times. So I'll just skip it and wait for the results. There are many other bets that are more interesting so maybe I will place a bet on something else.

[bluebit25]

I have also heard about it, and it seems like a group of people still like drama from various sources. In this case, I am not participating because I don't think that no matter what the result is that betting is not something that brings me joy, despite knowing that many people are talking about it as the release date approaches. I remember the only time I played this type of betting was the US presidential election results, and since then I have stopped this form. Actually, I sometimes know there is a shadows behind it but people still want to bet.

[coin-investor]

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.

I'm also rooting for the SEC to approve the spot Bitcoin ETF application by some investors It is the victory of the industry and by putting on my bet to Yes it is a vote of support for me, but I read some articles that there's a big possibility that approval is not likely to happen this January, its possible that it will happen later probably the second quarter of this year.
Just in time for the next halving, it's a win-win situation for the community if SEC approves it close to the date of the next halving, maybe this is the news that we're waiting for, for Bitcoin to hit $100k.
So far no popular casinos have created betting on ETF but they may do in the future, inspired by A Polygon-based gambling site.

[electronicash]

Here is the latest if others wanted to see it without clicking,



https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704464379974

But if there is a crypto based casino that will list this option, for sure there will be gamblers that's going to bet on it. But odds for the "Yes", is going to be not that attractive as maybe majority thinks that there will be approval.

for $0.19 to bet on NO you get $2.28. Yes for $0.79 win $9.48 they are all very alluring.
this kind of game is where SEC will win. if the platforms enjoy this so much, they will just keep this ETF approval game running until SEC insider earns enough.

this seems like a game for the SEC insider.  probably not best to engage until there is one ETF that is approved already which the bets will be more exciting.

[AbuBhakar]

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

This bet will be interesting if there’s a target date of approval because the bet will still play in case the SEC delayed it. Bitcoin ETF approval is already done deal even without approval result yet. SEC is cooperating now for Bitcoin ETF owners to meet the guidelines so there’s no way they will deny it with this kind of effort.

I wonder what’s the odds for the bet “YES” since the majority placing bet on it. That 1.5M bet will surely just get minimal profit since there’s few bet on the opposite side.

[Slow death]

It has been many years since the SEC has been delaying Bitcoin EFT. so I won't be surprised if the SEC once again says that they are delaying because they need more time to make a decision, after a few months they postpone again, it seems to me that the ETF problem will only be resolved when US politicians sit down and approve laws on bitcoin, with this the SEC would already have the basis to approve the bitcoin ETF. but many people have high expectations that the bitcoin ETF will be approved, but I think people should place a stop loss, because if the bitcoin ETF is not approved we will see the price falling below $37000, I predict that we will return to $32000. now talking more about this site that allows people to place bets

Whether the ETF will be approved or not is still only given two options: YES or NO. In my opinion, this site could create problems if they didn't have options to refund people's money if the section postpones it again. because in my opinion there is a greater chance of the section not talking about yes and no, but rather saying that it is postponing their decision for more months so that they have more time to analyze the entire process, it has been like this for many years, the section keeps postponing, postponing, postponing and then rejecting. They don't reject the first submission, they keep postponing it at least 3 times and after they reject it, what will happen if they reject it?

[sujonali1819]

Interesting that gamblers can also bet on these types of Events like Bitcoin ETF. But I don't have any interest in betting on this game But yeah I want to enjoy the ETF event result and the market movements. Hopefully, the result will be YES and we will see another bull run.

[cyberninja2]

[quote author=AbuBhakar
I wonder what’s the odds for the bet “YES” since the majority placing bet on it. That 1.5M bet will surely just get minimal profit since there’s few bet on the opposite side.
[/quote]
Betting will definitely mean that everyone will become addicted to someone's desires, but the interesting thing is that the conflict between the rise or fall of the Bitcoin number becomes the first problem for every expert or owner, because this number will become a loss for the person who is always diligent in following his bet

[killerfrost]

The wait can be agonizing, especially for those who see an ETF as a gateway to wider adoption and a potential price surge. The SEC's repeated rejections can feel like a dam holding back a tidal wave of excitement. But like you say, perhaps their resistance is just delaying the inevitable.

The groundswell of support is undeniable. Crypto enthusiasts are vocal, and even governments are starting to acknowledge the digital currency's growing influence. With senators advocating for its recognition, the tide might be turning towards acceptance.

Many people optimism about a Q1 listing speak volumes. It reflects the hope that hangs heavy in the air, the belief that regulators will finally listen to the growing chorus of voices demanding recognition.

[Agbamoni]

This is one strategy to push the approval of the bitcoin ETF to become a success. Actually, if the betting platform i am using to bet online add it to their betting option then yes i will bet on.

And if i am betting. I would choose the option "No". Because i dont see the approval of the Bitcoin ETF to happen anytime soon. If it were to happen then there are dome news that would have disseminated from last month up to this month.

[Dr.Bitcoin_Strange]

If many people are of the opinion that "yes" ETF will be approved, then I guess the odds will be bigger for bettors that chose the NO option. I would have loved to also stake on this, but it's not yet been added to the casino I am using, so I wouldn't bother to go over to the Polygon gambling site.

[decodx]

This whole Bitcoin ETF thing is blowing up on social media lately.  Everyone's blabbing bout whether it'll get approved or not.  Makes me wonder what kinda odds them gambling sites are giving it and  I don't have a clue about the numbers, and even if I did, I probably wouldn't put money down anyway.  But for some bettors out there, knowing the odds could make or break whether they throw chips at this thing. 

Me personally? I'll just watch this circus play out from the sidelines with some popcorn in hand. That approval has to land one way or another eventually. Until then, I'll let other people worry about which way to bet and how much.

[alani123]

No because there's no gambling market I can trust on this issue.
UMA who opperates polymarket.com is literally worse than a monkey in settling its markets and I think no one should trust them.

Take this market as an example:
https://polymarket.com/event/did-israeli-intelligence-have-advanced-knowledge-of-the-attack

The question was
Did Israeli intelligence have advanced knowledge of the Attack?
There have been statements released from Israeli newspapers as well as the New York Times proving that Israel had prior knowledge to the attack. And yet UMA simply denies the truth, making so many people lose money...
The issue has been disputed but it's still unclear when the market will be settled, which is just another red flag.

[coolcoinz]

No, there is no fun on there.

I rather bet on Sportbet rather than betting on these type game. At least, even you're losing still enjoying the match rather than these waiting some news with just a few mins after they tell us ~XD.

Sportbet still most recommended things.

To me betting on this is rather boring, but if it was really easy I'd do it, but unfortunately it's not. You need to register on a specific casino and you need polygon while I have only bitcoin. I'd have to pay fees to get my bitcoin there and exchange it to an altcoin just to make a bet. It's only worth it if you bet a lot of money, otherwise the fees will eat a large part of your win, not to mention the fact that if it gets approved you'll miss the bitcoin pump. IMO if you want to bet on approval, you can buy bitcoin. It's the easiest and safest way.

[Odohu]

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

It is actually an interesting bet and from the response, it is obvious that the Bitcoin community are showing some l3vel of solidarity as can be seen from their level of optimism that the ETF will be approved.

Personally I consider this bet too risky even though I have the feeling that it will be a yes. The betting companies will have a tough time paying the winnings if it turn out to be a yes. I would have loved to know the odd, that has a way of showing what the answers will be.... let's see what the bookies are thinking about the ETF

[Spaceman1000$]

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

I am surprised to this new betting pattern, first i am a traditional gambler, such kind of betting isn't too fine with me because I cannot ordinarily predict the outcome, this approval from SEC has been on their table for a very long time, I feel is another means to mount pressure on SEC to go on with the approval of spot Bitcoin ETF without hesitation. however brought up the concept has made some good moves because it's nice trying to see some people stick out their money in support of the ETF, because lots of people will bet in favour of the approval.

[Stable090]

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.

Gambling sites are always making use of any opportunity they have. I am surprised to see this news, but I don’t think the gambling site I am using has any offers like this. I will try to look for any gambling with this offer. I also need to place my bet. I don’t see anything bad with options like this, but when placing a bet, we should gamble responsibly. Don’t be too confident when gambling, so always gamble with the amount you can afford to lose. Gambling sites will always do what will favour them, they don’t really care much about gamblers, so we have to be careful.

[boyptc]

It's a good one while it's still on the hot seat before the actual result come.

Anything that we can gamble on and with this, we're all waiting for the result so why not gamble with it? 

While everybody thinks that the chance of getting an approval is high, then the odds will be not that much for the yes(approval). But if you want to gamble and has the same belief that it will get a decline, get a no.

[Vaculin]

This one is quite interesting to bet though, even if we know the result does not really matters high since we know bitcoin can still be successful even without SEC's approval. But since it's the one that trends now in the social media, then there's no wrong if we can also ride with the trend and make an income of it for fun.

Well, as long as we will only bet an amount that we are comfortable of losing, I think that's fine. Whether if it's a win or loss, at least we also enjoy the fun on betting it.