Can I Bet the FIFA World Cup Online From New Jersey Using Bitcoin?
For this year's FIFA World Cup, the best way to place bets online from New Jersey will be with bitcoin using a cryptocurrency wallet that can be linked to one's banking account. In May 2018, the U.S. Supreme Court ruled that individual states can offer legalized sports betting but must first develop regulatory instruments before doing so. For now, a few dozen of internationally licensed sportsbooks will accept wagers on this year's World Cup.
*Bookmaker Welcomes Players From Around the World - Most Crypto-Currencies Welcome
WILL NEW JERSEY WELCOME SPORTS BETTING?
We can thank the Garden State for the U.S. Supreme Court's decision to legalize sports wagering. It was New Jersey which filed the legal action. Despite this, they will not be ready to offer betting on the 2018 World Cup.
Monmouth Park, the state's biggest race track, expressed disappointment that they will not be first to offer sports betting following the blockbuster ruling. Neighboring Delaware will hold that honor. However, Monmouth Park boss Dennis Drazin did say he would consider taking bets this month, possibly ahead of the FIFA World Cup.
New Jersey's Assembly voted unanimously to allow sports betting in the state on June 7 but there was still some uncertainty as to whether the Governor would sign off on the bill.
Needless-to-say, Florida gamblers will need to rely on international websites to place all their World Cup bets.
HOW TO USE BITCOIN AND OTHER CRYPTOCURRENCIES FOR BETTING THE FIFA WORLD CUP
The online betting site will simply have you send them the special address/token obtained from the Bitcoin wallet or exchange.
You would select either SEND (to deposit funds) or RECEIVE (to withdraw funds).
Some exchanges allow customers to link directly with their bank accounts or PayPal. The Bitcoin can be converted into the currency of your choice then transferred into your account in as little as 24 hours.
You will want to verify all your information (including personal identification) with the exchange prior to sending and receiving funds. Typically they will suggest setting up an authenticator on your mobile device for added security.
- Aaron Goldstein, Gambling911.com
