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Long a mainstay of offshore sportsbooks and casinos, Bitcoin and other cryptocurrencies offer lightning fast deposits and withdrawals. Payouts have been documented within under two hours at some sites, including Sundays.
Now comes word that DraftKings is set to be the first US regulated site to offer cryptocurrency deposits.
The roll out will begin in 4 states in the coming weeks. These include Illinois, Kentucky, New Hampshire and Vermont.
But not all regulators are thrilled.
From FairPlay:
DraftKings is working on enabling players to convert crypto to cash during deposit. This will roll out in 4 states in the coming weeks: IL, KY, NH, VT.
Prior to this coming to light in today’s Mass Gaming Commission meeting, the MGC held a 30+ minute discussion on the topic on… pic.twitter.com/uCcrQd55vs— Fairplaygov (@fairplaygov) January 29, 2026
Prior to this coming to light in today’s Mass Gaming Commission meeting, the MGC held a 30+ minute discussion on the topic on Dec. 4 before voting 5-0 to remove sportbooks’ abilities to do this citing source of funds concerns, primarily.
Counsel & law enforcement failed to detail how stablecoins are differentiated from broader crypto tokens in terms of KYC/AML, instead opting to blanket the entire ecosystem as “not ready for primetime.” They left the door open for revisiting in the future but one commissioner said she would be unlikely to vote in favor of crypto regulation during the remainder (3 more years) of her tenure.
Despite that, one of the better “frank” discussions about a substantive issue that I’ve seen from the MGC. A DK rep added some insight as well.
DraftKings just happens to be headquartered out of Massachusetts.
- Chris Costigan, Gambling911.com Publisher
