Post
Topic
Board Gambling discussion
Re: FTX bankruptcy has any effect on gambling ?
by
dimonstration
on 12/11/2022, 13:00:58 UTC
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?
I don't use FTX, but if i did and currently I am unable to gamble or fund my gambling account because I can't move the money I have there, that should be the first problem I should seek to find a solution to first before considering how to continue gambling. If I am unable to make withdrawals or transfers, I consider that money lost and since I am already loosing some money, it will be wise for me to take a pause first from my gambling activities to face to become stable before I can continue.
The FTX bankruptcy affected the cryptocurrency price and marker, which means it also affected all the people dependent on FTX to make transactions. A gambler whose money is stocked in FTX cannot make maximum gambling as they used to do. When one aspect of the crypto is bleeding it affects other aspect that is related to it. That is why we keep hoping that one man doesn't cause a problem for all of us.

I doubt that this is the case. Gambler don't do direct deposit from exchange to gambling casino since there's a possibility that regulators will track there activity in case online gambling is not allowed on there country such as residence of UK and US. Typically hardcore gambler use a non custodial wallet to store and transfer there crypto assets on casino.

The only thing that affects gambling on this crypto bear event was the volume being wager in fiat amount is lowered compared to the normal days prior to this FTX drama.