Hello guys, as an attempt to protect new or old users on this forum , I think its mandatory for gambling sites to show proof of money they are holding in reserves .
No its not mandatory! And why should they have to show proof when they always payout, besides these guys always put a max payout to ensure they have the funds to give the player if a big win is recorded.
Unless casinos converts all deposits to a stablecoin , excluding UST hahahah , from year to date most of them should be running on a loss as most utilized crypto coins are down by atleast 65% and that includes Bitcoin .
Regardless of market crash or not, the house never loses, it might lose on fiat value but I think most convert these coins into fiat value to reduce the impact of a bearish market.
There will be more and more accusations created to existing and also new casinos.
It's been over 10 years already and these casinos and sportsbooks are paying out thousands of dollars week in week out and such accusations haven't presented themselves, no need to fear, win that money and if they dont pay let the world know... Good luck.