Wyoming-based online sports betting sites are now officially legalized, thanks to the newly signed House Bill 133 of Governor Mark Gordon this past Monday. The new guidelines are expected to be implemented starting September 1st and will notably enable gamblers to deposit cryptocurrencies on their respective accounts.
This makes Wyoming the second state within the US to fully permit online sports betting while also becoming the very first in the US to allow crypto utilization on gambling activities. Furthermore, this notable inclusion of cryptocurrencies and digital assets, in general, further reinforces Wyoming’s bullish stance towards blockchain and everything crypto.
As per the first Article of the new legislation, digital and virtual currencies, including cryptos, qualify as cash alternatives, thus, permitted to be used for online sports wagers. On top of cryptos, betting platform users could also use checks, credit cards, money orders, and several other cash equivalents to fund their gambling accounts via betting bookmakers.
With that being said, for a prospecting online sports betting platform to receive an operating license in Wyoming, it must first provide online wagering services in three separate US jurisdictions at the very least.