Share this on:
About this iReport
  • Not verified by CNN

  • Click to view JeffCohen's profile
    Posted May 8, 2014 by
    Los Angeles, California

    Are Bitcoin Sportsbooks' the Future of Online Sports Betting ?

    Is Bitcoin the Future of Online Sports Betting?

    Online gaming sites are a staple in the world of Bitcoin. Up to 60% of all bitcoin transaction come from online casinos. The implications are tremendous and with sports betting particularly popular in the United States, bitcoin sports betting sites like are taking advantage. CEO, Tyler Wilson states, "The emergence of bitcoin has allowed us the opportunity to create an online sports-betting platform that makes it 100% more convenient for US sports bettors in a variety of ways.

    Unlike traditional online casinos, which have a tedious process of depositing and withdrawing your cash, with BitcoinSportsTrade making deposits and withdrawals are virtually instantaneous, with zero fees, anonymous, and best of all not illegal."

    Wilson also states that, "Bitcoin represents freedom of expression. It inspired us to create a head to head sports betting platform where people can make and take bets between each other exclusively using bitcoins."

    The advantages of bitcoin for the US online gaming community are apparent. Will it become the future of online sports betting? Only time will tell.

    What do you think of this story?

    Select one of the options below. Your feedback will help tell CNN producers what to do with this iReport. If you'd like, you can explain your choice in the comments below.
    Be and editor! Choose an option below:
      Awesome! Put this on TV! Almost! Needs work. This submission violates iReport's community guidelines.


    Log in to comment

    iReport welcomes a lively discussion, so comments on iReports are not pre-screened before they post. See the iReport community guidelines for details about content that is not welcome on iReport.

    Add your Story Add your Story