Post
Topic
Board Gambling discussion
Re: FTX bankruptcy has any effect on gambling ?
by
Strongkored
on 12/11/2022, 06:00:09 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?
If this is the case it will definitely affect the player a lot, because it will be a little frustrating to not be able to take what is ours and not to mention reading news about the exchange which is still unclear, especially with conditions like this playing with money from another sources will greatly influence the decision to think to get fun even more frustrated because lose.
And I read a news in the media that some poker players are facing this difficult situation because the funds are in the FTX exchange and this is really unexpected
https://www.pokernews.com/news/2022/11/ftx-crash-online-poker-42479.htm

But overall it doesn't really have much impact on the world of gambling, because FTX which has FTT token, the Token is not or yet in online casino (as far as I know) as payment. The impact may be on small gamblers whose results from gambling become less valuable if they want to be converted to Fiat