Post
Topic
Board Gambling discussion
Re: FTX bankruptcy has any effect on gambling ?
by
mindrust
on 12/11/2022, 04:29:52 UTC
The developing story is that Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy. FTX is one of the popular exchanges and i think gamblers might be using this exchange to transfer funds to gambling sites as that exchange had no tx fee. Do any of you uses FTX exchange to transfer funds to and from the gambling site?

Let's suppose you have funds on FTX, now that you are unable to withdraw, will you halt gambling for the time being and how will you survive this time?

Not directly.

FTX's bankruptcy will effect crypto in a bad way and that would affect the gambling industry. The SEC will probably investigate this matter and the US will probably want to regulate crypto. That, would affect gambling. The prices will always go up and down like they always do. It is not a problem. Regulations however, that would create a mess.