Cryptocurrency in Sports Betting: Legal Hurdles and Offshore Opportunities

The intersection of cryptocurrency and sports betting has seen explosive growth over the last decade, with millions embracing digital currencies for investment opportunities outside traditional financial frameworks. However, navigating regulations presents significant challenges. The legal landscape regarding online sports betting remains complex, as states have been granted considerable autonomy in deciding whether to allow it, leading to a patchwork of rules and regulations. 2018 marked a turning point when the Professional and Amateur Sports Protection Act (PASPA) was overturned, empowering individual states to regulate their own sports betting markets.