Topic: Will you gamble on Bitcoin ETF approval results? - page 4. (Read 592 times)

No because there's no gambling market I can trust on this issue.
UMA who opperates polymarket.com is literally worse than a monkey in settling its markets and I think no one should trust them.

Take this market as an example:
https://polymarket.com/event/did-israeli-intelligence-have-advanced-knowledge-of-the-attack

The question was
Did Israeli intelligence have advanced knowledge of the Attack?
There have been statements released from Israeli newspapers as well as the New York Times proving that Israel had prior knowledge to the attack. And yet UMA simply denies the truth, making so many people lose money...
The issue has been disputed but it's still unclear when the market will be settled, which is just another red flag.

This whole Bitcoin ETF thing is blowing up on social media lately.  Everyone's blabbing bout whether it'll get approved or not.  Makes me wonder what kinda odds them gambling sites are giving it and  I don't have a clue about the numbers, and even if I did, I probably wouldn't put money down anyway.  But for some bettors out there, knowing the odds could make or break whether they throw chips at this thing. 

Me personally? I'll just watch this circus play out from the sidelines with some popcorn in hand. That approval has to land one way or another eventually. Until then, I'll let other people worry about which way to bet and how much.

If many people are of the opinion that "yes" ETF will be approved, then I guess the odds will be bigger for bettors that chose the NO option. I would have loved to also stake on this, but it's not yet been added to the casino I am using, so I wouldn't bother to go over to the Polygon gambling site.

This is one strategy to push the approval of the bitcoin ETF to become a success. Actually, if the betting platform i am using to bet online add it to their betting option then yes i will bet on.

And if i am betting. I would choose the option "No". Because i dont see the approval of the Bitcoin ETF to happen anytime soon. If it were to happen then there are dome news that would have disseminated from last month up to this month.

The wait can be agonizing, especially for those who see an ETF as a gateway to wider adoption and a potential price surge. The SEC's repeated rejections can feel like a dam holding back a tidal wave of excitement. But like you say, perhaps their resistance is just delaying the inevitable.

The groundswell of support is undeniable. Crypto enthusiasts are vocal, and even governments are starting to acknowledge the digital currency's growing influence. With senators advocating for its recognition, the tide might be turning towards acceptance.

Many people optimism about a Q1 listing speak volumes. It reflects the hope that hangs heavy in the air, the belief that regulators will finally listen to the growing chorus of voices demanding recognition.

[quote author=AbuBhakar
I wonder what’s the odds for the bet “YES” since the majority placing bet on it. That 1.5M bet will surely just get minimal profit since there’s few bet on the opposite side.
[/quote]
Betting will definitely mean that everyone will become addicted to someone's desires, but the interesting thing is that the conflict between the rise or fall of the Bitcoin number becomes the first problem for every expert or owner, because this number will become a loss for the person who is always diligent in following his bet

Interesting that gamblers can also bet on these types of Events like Bitcoin ETF. But I don't have any interest in betting on this game But yeah I want to enjoy the ETF event result and the market movements. Hopefully, the result will be YES and we will see another bull run.

It has been many years since the SEC has been delaying Bitcoin EFT. so I won't be surprised if the SEC once again says that they are delaying because they need more time to make a decision, after a few months they postpone again, it seems to me that the ETF problem will only be resolved when US politicians sit down and approve laws on bitcoin, with this the SEC would already have the basis to approve the bitcoin ETF. but many people have high expectations that the bitcoin ETF will be approved, but I think people should place a stop loss, because if the bitcoin ETF is not approved we will see the price falling below $37000, I predict that we will return to $32000. now talking more about this site that allows people to place bets

Whether the ETF will be approved or not is still only given two options: YES or NO. In my opinion, this site could create problems if they didn't have options to refund people's money if the section postpones it again. because in my opinion there is a greater chance of the section not talking about yes and no, but rather saying that it is postponing their decision for more months so that they have more time to analyze the entire process, it has been like this for many years, the section keeps postponing, postponing, postponing and then rejecting. They don't reject the first submission, they keep postponing it at least 3 times and after they reject it, what will happen if they reject it?

This bet will be interesting if there’s a target date of approval because the bet will still play in case the SEC delayed it. Bitcoin ETF approval is already done deal even without approval result yet. SEC is cooperating now for Bitcoin ETF owners to meet the guidelines so there’s no way they will deny it with this kind of effort.

I wonder what’s the odds for the bet “YES” since the majority placing bet on it. That 1.5M bet will surely just get minimal profit since there’s few bet on the opposite side.

for $0.19 to bet on NO you get $2.28. Yes for $0.79 win $9.48 they are all very alluring.
this kind of game is where SEC will win. if the platforms enjoy this so much, they will just keep this ETF approval game running until SEC insider earns enough.

this seems like a game for the SEC insider.  probably not best to engage until there is one ETF that is approved already which the bets will be more exciting.

I'm also rooting for the SEC to approve the spot Bitcoin ETF application by some investors It is the victory of the industry and by putting on my bet to Yes it is a vote of support for me, but I read some articles that there's a big possibility that approval is not likely to happen this January, its possible that it will happen later probably the second quarter of this year.
Just in time for the next halving, it's a win-win situation for the community if SEC approves it close to the date of the next halving, maybe this is the news that we're waiting for, for Bitcoin to hit $100k.
So far no popular casinos have created betting on ETF but they may do in the future, inspired by A Polygon-based gambling site.

I have also heard about it, and it seems like a group of people still like drama from various sources. In this case, I am not participating because I don't think that no matter what the result is that betting is not something that brings me joy, despite knowing that many people are talking about it as the release date approaches. I remember the only time I played this type of betting was the US presidential election results, and since then I have stopped this form. Actually, I sometimes know there is a shadows behind it but people still want to bet.

I haven't bet on certain events like Bitcoin ETF or others. Maybe it will be interesting to bet while determining what will happen later. But we still have to be careful in placing bets and only use the money we can afford so that if we lose, we don't lose a lot of money. And just leave it to the greedy gamblers who want to win big by placing big bets.

But if it is an ETF, I am still not sure if it will be approved immediately considering that the ETF has been postponed several times. So I'll just skip it and wait for the results. There are many other bets that are more interesting so maybe I will place a bet on something else.

Here is the latest if others wanted to see it without clicking,



https://polymarket.com/event/bitcoin-etf-approved-by-jan-15?tid=1704464379974

But if there is a crypto based casino that will list this option, for sure there will be gamblers that's going to bet on it. But odds for the "Yes", is going to be not that attractive as maybe majority thinks that there will be approval.

Of course no gambler will keep waiting and going to sleep and waking up for the sake of waiting for bitcoin ETF because there still other things to bet on but the point is that gamblers will only be interested in the odd that will be set by the bookies for the bet and if it is not encouraging for winning then the betting rate will obviously reduce. Every bettor is interested in how much they will win when they bet, no bettor desire to throw away their money.

People really have money to throw for any clout and jokes. Is money that easy to get that people now throw on the street for anything or this is another way for the creators to syphon from the people because they know something about ETF approvals that we don't know? This is odd that we are using government to make money withing crypto industry, just trying to outsmart each other.

Now, what if SEC see this and place money on the NO and decide to reject ETF completely? I guess SEC will be the one to enjoy the millions of dollars people decide to throw down the street. In my opinion, they are not even smart to make this kind of moves, insider person from SEC can see this and do some underground staking when he is sure of the position of SEC and Bitcoin ETF approval and that person will definitely take home a huge amount of money, even the person with good intentions that brings the idea of this gambling might not make something big like that but who knows if this is even SEC groups that set up this idea to manipulate people.

ET is inevitable like they said so many bettors will probably go for yes. If it's just yes or no I would bet YES. But I think the platform will bet with a date such as "will the ETF be approved on Jan 14, 2024?"  If the ETF isn't approved on the said date, you will lose.

There is just no particular date that it will be approved, so many speculations even in 2023 but not one ETF was approved.

I couldn't see the articles though. Cointele pages just timeout.  504 Gateway Time-out

i'm not the type of person who likes betting on strange things, for example miss world, us elections, etc., because i think when i bet on these things it's much more difficult than a sports match, since i can't analyze and really depends on luck.

especially when it comes to bitcoin etfs, it's much easier for me to invest in bitcoin while waiting for the outcome of the bitcoin etf decision, rather than having to bet on a platform and lose my money when the decision doesn't match what i expected.

Well this kind of bets is somehow like the bets on who is gonna win the league or cup at the beginning of every football season although this one is somehow manipulative and I don't think I will gamble and wait that long besides where is the fun is this type of betting. I rather bet on soccer games and even the soccer games, it will be the one that's played after the 90mins because even waiting on the league to be finished is still rather boring moreover how do you even think the odds will be set because I don't see bookmakers given the type of prediction big odds to bet on.

Probably its not interested for betting on bitcoin ETF approval because take time more delay and boring waiting when the result announcing will approve or reject, I am not long term gambler typical like bet for the winner team in competition because waiting more than several months later for the result. Its advantage for SEC Commission keep delay their approving ETF bitcoin and get chance possibility with bitcoin some time drop to lower price and another time give moment for bitcoin going up.

Interested for sport betting than gamble on Bitcoin ETF approval, I don't know who is the ideas about gambling on bitcoin ETF approval because full of drama make by SEC Commission.