Post
Topic
Board Gambling discussion
Re: Will crypto sportsbook replace fiat sportsbook in the future?
by
Saint-loup
on 12/04/2021, 01:17:39 UTC
Unfortunately, these advantages are gradually fading away due to the fact that the entire crypto comes under the control of corporations and regulatory authorities. In fact, it makes no difference which tool you use if you are completely controllable and transparent at key points.
By the way, how many casinos do you know that use Monero?
I disagree with you, you can still find many sportsbooks like Stake.com for example without KYC. And you don't need Monero or another anonymous coin to stay anonymous. You can use mixers, coinjoins or send your transaction through an exchange with no KYC : you just need to send your BTCs to the exchange and change your BTCs into another cryptocurrency accepted by the sportsbook (ETH, LTC, DOGE, BCH, XRP, TRX, EOS are available on Stake). And if the sportsbook is crap and only accepts BTC you still can do that by using 2 exchanges, on the first you will convert your BTCs into an altcoin that you will send to the other exchange and there you will convert the altcoin into BTC before sending it to the BTC sportsbook. Hence there is no transaction on the blockchain linking your wallet to the sportsbook.

I did not say that there is no longer any way to remain anonymous. I talked about trends - and the fact is that with the arrival of large players in the cryptocurrency, the rules are tightened and the entire industry is moving towards the fiat world. That is why real tools of anonymity (such as Monero) are being squeezed out from everywhere.


We just have to enjoy the moment that regulation in crypto is not so strict yet, with the kind of adoption we are hoping, it always come with strict regulation as whether we like it or not, our regulators will always enter in the scene, making crypto not serving its real purpose which is anonymity.

There's nothing to worry regarding on regulation since I believe those happenings will be implemented for protection of the users. So we shouldn't give any bad impression regarding on regulation since it possibly drive out the sportsbook scammer owners to go out in this industry if this is protected by a law or government.
Could you explain us how regulations would prevent scams? Most of times owners and their platforms are not locatable, and the others  are based on unreachable tax and regulation heavens. The only thing governments can do against that is to prohibit their use in their jurisdiction. Is this what you want? Do you need a law to prevent you from using those platforms?