Wyoming has legalized online sports betting with a new law that also allows players to place their bets in crypto.
House bill 133 , which the governor signed on Monday, allows sports betting to accept bets on" digital, crypto and virtual currencies "instead of greenbacks - provided those cryptos can be converted into cash .
Law crypto-rider highlights how lawmakers in America's least populous state are making digital currency an item essential of their legislative program. First the invoices to woo crypto company . Now Wyoming lawmakers have said, the inclusion of crypto is almost a second nature.
"I think lawmakers in Wyoming are getting more and more comfortable with cryptocurrency as the problem evolves in our state "said Sen. Jeff Wasserburger (R-Gillette),one of the bill's sponsors, noting that there had been very little discussion ”about including crypto in the bill. Read more: Crypto Long & Short: Wyoming Is Crypto 's ' Wild West ', which is exactly what we need
It has gotten to the point that Wyoming is the most vocal blockchain advocate , Caitlin Long, doesn't even need to push for crypto to cause its inclusion. Long, who sits on the task force on the legislature's blockchain, told, it was not responsible for its placement in the bill.
The new law will allow players to fund their accounts incryptocurrency, according to State Representative Tom Walters, (R-Casper), another sponsor. He said it will only apply when "operators" - legal for sports betting - are willing to accept cryptocurrency.
rea reached out to top sportsbook Penn National Gaming, FanDuel and DraftKings to ask if they intend to accept crypto bets but have not received a response until press time.