Can I Bet the FIFA World Cup Online From Texas Using Bitcoin?
For this year's FIFA World Cup, the best way to place bets online from Texas 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 TEXAS WELCOME SPORTS BETTING?
The state will not be adopting sports betting any time soon. It does not even allow for horse betting.
Mac Engel of the Star Tribune wrote:
Gov. Greg Abbott and Lt. Gov. Dan Patrick would/will shoot down such a proposed measure like they are on a duck hunt. To allow gaming in Texas would require changes to state law and buck our conventional conservative values.
The same values that say we Texans allow betting on horses, bingo, raffles at pro games or the random selection of numbers in the lottery, but nothing else.
Sports are on a slow road to becoming horse racing: bettors watching events that take place in smaller half-filled venues where the real value is not the in-game event but the TV signal.
Needless-to-say, Texas 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
