Online betting and cryptocurrencies? Between impossibility and opacity

In a strict legal framework and following the regulations of online games of chance, it is currently not possible to bet with cryptocurrencies on legal sports betting sites. Some international bookmakers without a French license operate in France and make it possible to invest via cryptocurrencies. Is the risk really worth the effort?

Officially impossible to bet

The reasons for this negative response are quite simple. France is currently regulated by an entity called the National Games Authority . Only 14 operators are accredited to exercise the activity of bookmaker. None of them offer a Crypto Investor review or withdrawal method as they are not allowed to.

You can however deposit and withdraw money using electronic wallets such as Skrill or PayPal . Despite the interest of the French in sport, the sports betting market is generally behind compared to England or Germany. The avant-garde payment methods are not yet to the taste of the French authorities .

Bitcoin Gambling Money

The main explanations put forward are the lack of security and protection of bettors with these options. Cryptocurrencies will therefore have to prove their legitimacy to access ANJ sports betting sites .

At your peril

Betting sites without approvals do exist, and offer much wider alternatives for carrying out your transactions. Cryptocurrencies are, de facto, commonly used by these bookmakers. This lack of regulation is reflected in the offers of registrations and the methods of payment.

Bookmakers are not compelled to abide by any rules or limitations that aim to protect the health of bettors and their banking security . In the majority of situations, betting on a site without approval is to be avoided, since in the event of a dispute, you will have no way to claim your money.

In addition, few companies in the sector demonstrate complete transparency . The examples of individuals who have been victims of blocking their funds and the impossibility of withdrawal are multiplying without causing emotion.