The United States has yet to get fully on board with online betting and everything it entails, as they haven’t really figured out a way to regulate and tax it. But their citizens that love the potential of a major payout are always looking for ways to get around the system and play their favorite games, which is why a popular third-party site has been raking in the dough from their American customers.
Bitcoin is perfect for those that don’t want to be found out when it comes to online betting as it operates on anonymous payments from one party to another, and that is how American players are getting through to online betting sites they couldn’t previously access because of their location. One major site that uses Bitcoin has tried to be straight with American regulators by methods such as blocking IP addresses from the United States, but you can only do so much and people are getting a lot more tech-savvy in this day and age. There are many ways to trick networks into believing you are in a place other than your IP address and while sites are doing their best to obey the laws, they can only do much. Meanwhile, these sites are cashing in: This major site that uses Bitcoin reported that they earned almost $600,000 from American players in 2012.
As long as people want to bet in a sportsbook, they’re going to make it happen and United States lawmakers are going to have to figure out a way to regulate this because it isn’t going to stop. And while these sites are doing their best to keep American players away, they’re in it to make a profit and aren’t going to turn down the massive windfall they can receive from the United States.