Despite a massive correction in the cryptocurrency market in recent months, the U.S. sports betting community is finally rounding the corner in its acceptance of virtual coins for wagering activities.
As crypto becomes intertwined with more facets of daily life, proponents of virtual currencies in sports betting argue that the transition will be a vital tool in pushing bettors away from the offshore market. Barstool Sportsbook, for instance, recently began accepting cryptocurrency deposits into player gaming wallets via a third-party payment provider.
The option is available at Barstool in two states, including Colorado, where Gov. Jared Polis has designed a litany of creative methods for utilizing virtual currencies.