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For this year's FIFA World Cup, the best way to place bets online from Minnesota 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 MINNESOTA WELCOME SPORTS BETTING?
Minnesota is a state that is willing to offer sports betting as soon as possible. Whether they are ready or not, that's a different story.
"This is like Sunday liquor sales on cocaine," said Rep. Pat Garofalo, R-Farmington, drawing a parallel with the long legislative effort to scrap the state's Sunday liquor sales ban, finally achieved in 2017. "That's how excited people are going to be.”
Garofalo had already been working on legislation to legalize sports betting in Minnesota, but unlike a handful of other states, Minnesota will not be ready by World Cup, entire 2018 football season or even Super Bowl 53. Beyond that, the state has a good shot of passing a law some time in 2019. Unfortunately, this year's legislative has come to an end.
"I look forward to Minnesota joining other states that will provide a safe, fair and regulated sports gambling experience," Garofalo said.
Needless-to-say, Minnesota 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
