Wyoming's new online sports betting law allows crypto betting
The house bill 133, which the governor signed Monday, lets sportsbooks accept “digital, crypto and virtual currencies” bets in lieu of greenbacks – so long as those cryptos can be converted to cash.
According to the definitions under Article 1 of the legislation, cryptos, as well as digital and virtual currencies, qualify as cash equivalents — i.e., approved assets convertible to cash for use in online sports wagering.
Apart from cryptos, bettors can also utilize travelers’ checks, cashier’s checks, money orders and credit cards, among others, to fund their accounts with online sports betting bookmakers.
“I think that Wyoming legislators are getting more comfortable with cryptocurrency as the issue evolves in our state,” said state Sen. Jeff Wasserburger (R-Gillette), one of the bill’s sponsors, noting that “there was very little discussion” about including crypto in the bill.
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