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You can bet on the 2018 FIFA World Cup from the Buckeye State of Ohio using bitcoin tied to a cryptocurrency wallet and then linked to one's banking account. The U.S. Supreme Court has ruled that individual states can now offer sports betting, though not all will and each state must come up with the proper legal framework in order to do so. For now, a few dozen of internationally licensed sportsbooks will accept wagers on this year's World Cup.
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WILL OHIO WELCOME SPORTS BETTING?
Legislation and ballot issues are under discussion in Ohio. There is even talk of allowing sports wagering in bars across the state.
“There’s a lobbying effort by the casinos and a lot of money involved,” said Rick Lertzman, whose Open Ohio organization is preparing language for a constitutional amendment that would need voter approval.
“Keeping this in seven racinos and four casinos is wrong,” he said. “First, you’re limited to certain parts of the state. It would not be in Lima, Steubenville, or Marietta. Second, the mom and pop-owned sports bars where people go on Sundays? People would go to Hollywood Casino in Toledo and avoid the sports bar because they want to do betting.”
Needless-to-say, Ohio 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
