Can I Bet the FIFA World Cup Online From Florida Using Bitcoin?

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Published on:
May/27/2018

For this year's FIFA World Cup, the best way to place bets online from Florida 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 FLORIDA WELCOME SPORTS BETTING?

The Sunshine State is likely to see sports betting offered first by the Tribes such as the Seminoles.  They currently operate all casinos in Florida.

The Seminoles have rights to cease their $19.5 million monthly payments to the state if legislators vote to expand certain forms of commercial gaming.

Gambling expansion here is a hot button topic with plenty of special interest groups (Disney in particular) doing what they can to prevent this.

Amendment 3, if passed, will put proposed future expansion of any activity that falls under the definition of Class III gaming, and this includes sports betting, in the hands of voters. Disney is backing this initiative with piles of cash.

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

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