Can I Bet the FIFA World Cup Online From North Carolina Using Bitcoin?
For this year's FIFA World Cup, the best way to place bets online from North Carolina 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.
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WILL NORTH CAROLINA WELCOME SPORTS BETTING?
There are laws on the books that would need to be repealed or amended before sports betting could take place here.
This is also a conservative state that doesn't look too kindly on gambling. State legislators are not exactly rushing to push for regulation.
The state does have a lottery and a casino on Cherokee land. That's about it.
“Our gambling statutes go back to 1891,” said Jeff Welty, an associate professor at the UNC-Chapel Hill School of Government. “We’ve got a pretty long uninterrupted history of not allowing gambling, but the world’s changing. That history can be set aside if the General Assembly chooses to do so.”
Needless-to-say, North Carolina 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
