Wyoming Allows Crypto Sports Betting

Wyoming has legalized online sports betting with a new law that also allows gamblers to place their wagers in crypto (such as Bitcoin BTC).

Wyoming House bill 133, which the governor signed, lets sportsbooks accept “digital, crypto and virtual currencies” bets in lieu of dollars as long as those cryptos can be converted to cash.

The law’s crypto rider highlights how lawmakers in America’s in Wyoming are embracing digital currency as an essential part of their legislative agenda. First came the bills to woo crypto business. Now, Wyoming legislators told CoinDesk, crypto inclusion is almost second nature.

The new law will allow gamblers to fund their accounts in cryptocurrency, according to state Rep. Tom Walters, (R-Casper), another sponsor. He said it will apply only when “operators” – legalese for sportsbooks – are willing to accept cryptocurrency.