Why there are no Stable coin gambling sites? - page 4.

YOSHIE

legendary

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At least there are similar topics that discuss gambling sites that use:

Quote from: Tipstar on May 07, 2020, 12:23:29 PM

games accepting stable coins like DAI and USDT.

Topic: Tether (USDT) supported gambling platform?

Quote from: Coinbox1 on August 14, 2019, 07:14:46 AM

Trust Dice game supports USDT too.
You can play Dice and Crash game with usdt

Also claim some free USDT from faucet.
Here is the Official thread

Gambling - Tether (USDT) accepted

Stablecoin Casinos

Quote

TOP DAI CASINOS MAY, 2020

DAI is a stablecoin issued by MakerDAO on the Ethereum blockchain. The cryptocurrency is fully backed by collateral and uses some clever market mechanics to ensure a stable price. This cryptocurrency is most sought after for gamblers due to its privacy, however it does not currently have the same liquidity as other stablecoins like USDT or USDC.

We are keeping a close eye on developments in the stablecoin space and will update this page the moment more casinos become available.

Maybe this can help you bet on gambling sites that use DAI and USDT coins, if you are a gambling addict, who dreams of gambling sites that use crypto you mean.

shield132

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Quote from: Tipstar on May 07, 2020, 12:23:29 PM

Wouldn't it be much easier and attractive if there were gambling sites that dealt with stablecoins? Stablecoins could be easily exchanged with both fiat and crypto and are generally faster and cheaper for transaction.
I always dream about bustabit and crypto.games accepting stable coins like DAI and USDT. What makes them not look at this potential?

If you dream to play with stablecoins on crypto casino websites, then luckily for you, there are a lot of options: You can play dice, crash (bustabit) and other games with USDT on Bitsler and believe me, this is one of the top casino. If you are looking for sportsbook (which I highly doubt right now but still...) then sportsbet.io <- one of the most trustwortht and popular crypto bookmaker will accept your tether.
Tether was never in my interest when it comes to gambling but I guess stake.com may accept some stablecoins because there is high demand on it from users.

boyptc

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Bitbollo is right, there's a legal issue using them in a casino.

Quote from: Lakai01 on May 07, 2020, 12:48:34 PM

Playbetr allows users to deposit stable coins:

Other than playbetr, here are the other casinos that accept stable coins.

mbitcasino - Tether(USDT)
betchain - Tether(USDT)

Lakai01

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Top Crypto Casino

Playbetr allows users to deposit stable coins:

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Playbetr makes it easy to enjoy sports betting thanks to accepting 5 stable coins. You can play using Playbetr Coin (PBR), Dai (DAI), USD Coin (USDC), Paxos Standard (PAX), and TrueUSD (TUSD).

Source

According to their blog, however, only for sports betting, not for classic games (whether this is really the case can be answered by someone with a Playbetr account).

Many gambling sites have been around much longer than stable coins, including the two sites you mentioned. I think that depends more on supply and demand. If the players want to be able to deposit Stablecoins, the casinos will also offer it. Maybe the demand for them is not that high at the moment?

Casdinyard

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Quote from: bitbollo on May 07, 2020, 12:42:10 PM

I am not an expert on this field, but probably because most of casinos can't operate with fiat due legislation and they are "forced" to use crypto currency. Legally speaking Stable coins have a TOS (Terms of Service) and probably gambling isn't an usage that they don't allow.

That is maybe the very reason why they are not operating with fiat currency since we do have laws on acquiring that legislation. There is also one thing in my mind that might be the reason why, there are gambling sites that has a fiat deposit feature however upon gambling you should convert it first with bitcoin, that I think in most cases, platforms are looking into more futuristic way of gambling, coz using crypto is the main difference in gambling to physical casinos right?

bitbollo

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I am not an expert on this field, but probably because most of casinos can't operate with fiat due legislation and they are "forced" to use crypto currency. Legally speaking Stable coins have a TOS (Terms of Service) and probably gambling isn't an usage that they don't allow.

Tipstar

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Wouldn't it be much easier and attractive if there were gambling sites that dealt with stablecoins? Stablecoins could be easily exchanged with both fiat and crypto and are generally faster and cheaper for transaction.
I always dream about bustabit and crypto.games accepting stable coins like DAI and USDT. What makes them not look at this potential?

Topic: Why there are no Stable coin gambling sites? - page 4. (Read 653 times)