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New rules make it easier for punters to bet on their favourite football teams using BTC
Beyond pro players and managers of football backing cryptocurrency, another area where Bitcoin is starting to make a much bigger mark is in the online gambling industry. This doesn’t just include online casinos but online sportsbooks as well.
Cryptocurrencies were recently regulated in Gibraltar. The British overseas territory (a top iGaming licensor and regulator) became the world’s first jurisdiction to establish a regulatory framework designed specifically for companies using Blockchain technology.
Why does this matter? The new Gibraltar laws that have been put into place further protect consumers by making it mandatory for blockchain businesses to ensure the protection of their client’s assets, including having a clear management disaster plan in place.
With this added protection, punters who want to bet on the favourite football teams with Bitcoin or another cryptocurrency will now have greater security at online bookmakers operating under Gibraltar law. In other words, more security means a greater likelihood of more football bitcoin bets.
