Gamblers are now able to fund their accounts with bookmakers using cryptocurrencies, with Wyoming, legalizing online sporting bet in the state.
Also, with new guidelines expected to take effect from Sept 1, Governor Mark signed House Bill 133 into law on Monday. However, with the new law coming into effect, Wyoming is the second state to approve online sporting bet.
Crypto has been recognized by the state legislature of Wyoming as a apt means of depositing into online account of the sports bet.
Cryptos as well as digital and virtual currencies, qualify as cash equivalents that is approved assets convertible to cash for use in online sports wagering. The aforementioned is the provision of Article 1 of the Wyoming legislation.
Apart from cryptos, bettors can also utilize travelers’ checks, cashier’s checks, money orders and credit cards, among others, to fund their accounts with online sports betting bookmakers.
Prospective online sports betting licensees will, however, have to offer online wagering services in at least three U.S. jurisdictions to receive permits from Wyoming regulators, according to the provisions of the bill.
The inclusion of cryptos as approved cash equivalent is the latest example of Wyoming’s liberal policies toward cryptocurrencies.