Will you gamble on Bitcoin ETF approval results?

[iv4n]

It's a fifty-fifty bet, in the end, it can be approved or not. So I guess the odds are very low... so if someone doesn't wish to "risk" a fortune there's no profit in betting on this one.

People like to bet on everything, but to make some profit you need to risk a nice amount of money. I wouldn't be ready to gamble with big amounts just like that, with some "insider info" I would do it for sure... this is rigged 101%, some people can make a few bucks betting on this, but a few selected ones will make millions just like that!

[beerlover]

ET is inevitable like they said so many bettors will probably go for yes. If it's just yes or no I would bet YES. But I think the platform will bet with a date such as "will the ETF be approved on Jan 14, 2024?"  If the ETF isn't approved on the said date, you will lose.

There is just no particular date that it will be approved, so many speculations even in 2023 but not one ETF was approved.

I couldn't see the articles though. Cointele pages just timeout.  504 Gateway Time-out

You mean the delays for the ETF is inevitable, because how many times we get a response like that? So actually this makes the people or the gambler doubt if it will ever be approved or not. I don't want to be negative so I will still vote for yes. Apart from the yes or no choices, what you said of the approval dates might also be included and it may not yet limited to that.

We already know the gambling platforms, they always prepare more ways for the bettors to place a bet, as that can also mean more income to them. I check the Cointelegraph link by the way and it works fine to me. So the problem is probably on your side only, but you can always try it again.

[Queentoshi]

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.

It will not be good to be a gambler who does not have restrictions, and gambles on every game, sports or other kinds of activities that are not even conventional things to bet on. Irresponsible gambling does not just mean that you cannot control the number of times you gamble and the money spent, it can also mean that you cannot control yourself when it comes to gambling and you make yourself available to gamble on anything be it sports, a game or even regular activities that people do not usually bet on. Just like people like to have a brand of drink that they like, have a sport or game that you gamble on, not everything.

[Justbillywitt]

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

[passwordnow]

There will be no manipulation on here unless Gary and his gang see this thread and the articles that show about betting on the Bitcoin ETF results. But I don't think that even with that their credibility will be on set just for the money to gamble. I'd make a bet on this one because the ratio of winning and losing is just the same. Despite all the positive feedback from the community and news that have been set, I won't say that there's the clear result while we haven't seen it yet about the potential of being approved.

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

This is the thought of the majority of us that we're positive and thinking that it is convincing that the Bitcoin ETF applied by BlackRock and other financial institutions are likely to be approved by the SEC. But as long as there is no final and official announcement then this means that we're not yet there. Somehow, we're all having this thought that it's just a formality that we are waiting for the SEC's publishing of it on its website and their actual proclamation which excites the entire world.

[AmoreJaz]

There will be no manipulation on here unless Gary and his gang see this thread and the articles that show about betting on the Bitcoin ETF results. But I don't think that even with that their credibility will be on set just for the money to gamble. I'd make a bet on this one because the ratio of winning and losing is just the same. Despite all the positive feedback from the community and news that have been set, I won't say that there's the clear result while we haven't seen it yet about the potential of being approved.

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

This is the thought of the majority of us that we're positive and thinking that it is convincing that the Bitcoin ETF applied by BlackRock and other financial institutions are likely to be approved by the SEC. But as long as there is no final and official announcement then this means that we're not yet there. Somehow, we're all having this thought that it's just a formality that we are waiting for the SEC's publishing of it on its website and their actual proclamation which excites the entire world.

anything can still happen on this upcoming event. they can easily turn the approval down also. but for those who have good notion that this will be approved, by all means, you can bet on this one. but check the odds also. and for me, don't put too much money on this.

this below shows the current polymarket odds on this betting line

https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704488017844

Yes I will comfortably place my bet if I come across it. personally I'm convinced that the Bitcoin ETF application will be approved.

you can see above polymarket link to bet on this. seems that they are attracting good amount of money here. and with the progress going on, very likely that the numbers will go up more few days before it closes.

[acroman08]

What is the odd for yes or no? That is what some gamblers would want to know. I do not know the odd and I may not gamble with it. It is the odd that will encourage or discourage some gamblers.

reading the article the OP shared, If you want to bet on "yes" it will be $0.79 per share, and if you want to bet on "no" it will be $0.21 per share. I am not really familiar with this kind of prediction betting but I do the gist of it.

But this one is new and I just want to know if you will be comfortable betting on the spot Bitcoin ETF.

I don't mind betting on it but I am also not interested. good for them that they found a way to make it more nerve cracking and exciting for them.

[panganib999]

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

If have gambled then you're probably out of luck at this point. News broke out earlier this week about the SEC not approving any Spot bitcoin ETFs so that pretty much means there's not much we can expect out of the outside market at this point. Funny how it brought bitcoin down to a 5% drop as well only for it to recover eventually, further proving the fact that something else seems to be the reason as to why bitcoin continuously pumped in value and relevance over the past few months.

In any case this is still not the end for Spot Bitcoin ETFs, for sure there will be further attempts made in the future to finally put bitcoin into mainstream but until then, you guys might wanna hold off on spending your bankrolls on bets that are a little precarious lol. Stick to the conventional ones for now is all that I'm trying to say.

[Cryptomultiplier]

At this point, I don't think I would because while we would have to acknowledge the delay in the SECs decision on the Bitcoin ETF, it is of paramount importance for crypto investors to maintain a multidimensional perspective.

By evaluating market dynamics  and volatility alongside regulatory considerations, one can enhance their risk management strategies and restrategise on the best approach necessary.
Future innovations  and undetermined developments, should be monitored with  a look at the statistical and analytical prowess and openmindedness of the individual investor as well, before one can have the flare to gamble on the results of Bitcoin ETF approval.

[uneng]

I have no desire to bet on ETF approval results, because it's an event playing with interests from big players of the financial world, plus the interests of the strongest nation's personal financial affairs, which is USA. You can analyze the scenario accurately, reading all the news, opinions from experts economists, having access to insider informations, but in the end, the final result is still under heavily possibility of manipulation. It's not the kind of game small fishes should take part in. Let the whales decide and do as they wish. For us it won't change anything... The important is that halving is near, and that should be the profit opportunity to be looked for.

It's like betting on a fixed match without knowing which side paid more to fix the match. You don't have real chances to win, because the results aren't based on logical and legit performance, rather they are based on agreements made on the backgrounds.

[Johnyz]

Betting for the decision of SEC regarding Bitcoin ETF is not my line and I only bet on sports where I can do analyze and with this, its a totally a guess bet since we don’t have the idea if SEC will in favor this time. This kind of betting option can also be manipulated, especially if you are part of SEC where you already know the decision. If you’re into this kind of bet and its ok for you to take the risk, then go for it there are rumors that SEC will decline this, it can be true and if you will bet then there’s a chance for you to make profit.

[alegotardo]

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 hadn't seen this type of bet yet, but I find them super interesting because the result of the vote can never be challenged, as the SEC would never overturn this decision.

I'm quite biased when betting, mainly due to the fact that my opinion is contrary to the majority (I vote NO), so if I'm right I would win a higher amount. I believe that the president of the SEC remains very suspicious of fraud in the cryptoactive ecosystem to be able to approve an instrument that should make institutional investors dive head first into a sector that moves billions of dollars.

But the main bet is on the Bitcoin buying/selling movement, because if it is not approved, the price of Bitcoin should plummet. The opposite should not happen, as I believe that the market has already priced the value of Bitcoin in anticipation of this SEC approval.

[Wiwo]

Depending on the facts on the ground,  but ordinarily, I will bet on such a prediction since it's obvious that there is already a lot of green light as to when to expect that ETF approval so for we may have a high chance if you choose a yes and speculate the right timing as going by the roadmap for that approval.

Just like we have bitcoin price prediction games in the same vein also we can predict the bitcoin ETF approval and to win some cash.

[samcrypto]

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.

There are rumors already and betting might be more risky especially if you still believe that SEC will approve the ETF.
There's a lot of betting options like this, and many are still betting so i think this is still fine since the chances of winning is high and its a 50/50 percentage. Let's just hope that SEC will finally consider this so we can see a big pump in the market and we might see new ATH if SEC will release such good news.

[Jegileman]

This Bitcoin ETF is getting more interesting everyday and has now become the major discussion in the cryptocurrency community now. Casinos are trying to take advantage of the happenings in the cryptocurrency market in order to make some cash for themselves. I know that majority of those that will bet on this will go for yes because the probability of its approval is likely higher than it now approved. The odds for not being approved will be higher than that of the approval. I won’t bet on something like this because I’m not even much interested in the outcome of its approval.

[maydna]

I'm not interested in betting on a Bitcoin ETF because we've already seen several delays and there's no clarity on when the SEC will approve or reject it. But looking at the development of bitcoin to date and in the future, the SEC should approve it, but I don't know because this still concerns the interests of many parties who still want to reject bitcoin. But if you want to have fun placing bets, you can join in with other gamblers because $1.5 million in bets is a lot of money. They can still be patient with the announcement later, so perhaps this will be even more interesting, whatever the outcome. The important thing is to prepare sufficient funds if you are interested in placing a bet.

[legendbtc]

I have no desire to bet on ETF approval results, because it's an event playing with interests from big players of the financial world, plus the interests of the strongest nation's personal financial affairs, which is USA. You can analyze the scenario accurately, reading all the news, opinions from experts economists, having access to insider informations, but in the end, the final result is still under heavily possibility of manipulation. It's not the kind of game small fishes should take part in. Let the whales decide and do as they wish. For us it won't change anything... The important is that halving is near, and that should be the profit opportunity to be looked for.

It's like betting on a fixed match without knowing which side paid more to fix the match. You don't have real chances to win, because the results aren't based on logical and legit performance, rather they are based on agreements made on the backgrounds.

Yes, it's really risky if we bet on this outcome. Its fluctuations are so significant that we cannot bear them. Only luck can help us. This playground is precisely as you said for sharks. Market manipulation is entirely possible. I have seen the market go against the published news. Just like yesterday, I tried to make some profit from this news. And I lost $167 in an instant.
No one can predict whether the halving event will continue to repeat, but I will also try to make some profit from this event. We will quickly receive rewards from these events, but the risks are also very high. Those of you waiting for this news, I think you should wear your seat belt because it moves like a roller coaster.

[famososMuertos]

What are the odds, if they are in my predictions and the probabilities adapt to my tastes, I do bet, there are sites that want to take advantage and "catch" with strange odds, regardless of whether they are in favor or against On the contrary, they can tempt wrongly, that is what we must "pay" attention to.

[passwordnow]

There will be no manipulation on here unless Gary and his gang see this thread and the articles that show about betting on the Bitcoin ETF results. But I don't think that even with that their credibility will be on set just for the money to gamble. I'd make a bet on this one because the ratio of winning and losing is just the same. Despite all the positive feedback from the community and news that have been set, I won't say that there's the clear result while we haven't seen it yet about the potential of being approved.

anything can still happen on this upcoming event. they can easily turn the approval down also. but for those who have good notion that this will be approved, by all means, you can bet on this one. but check the odds also. and for me, don't put too much money on this.

this below shows the current polymarket odds on this betting line

https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704488017844

Well, whoever bets on this is just for the sake of having fun and at the same time is just eager to wait for the announcement. So, there are no heart feelings that will be part of the bet and you're just setting yourself on how you're going to buy on this one. It's true that anything can happens and even if the chance of getting it approved is quite high but don't dwell on that confidence. We've seen it for how many times that it has been rejected before years ago so it's nothing new to get surprised if the results are the opposite.

I'm not interested in betting on a Bitcoin ETF because we've already seen several delays and there's no clarity on when the SEC will approve or reject it.

I think that the fun starts when we don't know about the clarity of it and there's equal opportunity for every bettor who would like to bet on this event. Whether it's going to be approved or not, as long as you are happy with the results and most especially if you've won the bet then that's for sure the win that you're waiting for. So, it's all fair for everyone who's going to bet on the outcome of the decision as per SEC.

[Oilacris]

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

Not really that shocking on which platforms or companies or betting sites would really be offering something like this on which this is something that could really be giving out that kind of result which its a yes or not. Approval or getting rejected on which there are no other paths that would really be taken. This is why its not really that shocking that events like this even if its that too important on crypto community on which there's no exemptions that it would really be included into these type of betting on which this is really that something that cant be exempt and people would really be loving
on taking up some bet on that. Seeing into that accumulate amount of bet then it does really shows on how high the interest and demand on which they do know that they could
take out advantage of it or simply being beneficial.