The combination of Bitcoin and regulation is not a happy marriage so far, but that doesn’t mean things are not going to improve sooner or later. Ever since BitLicense was released in the state of New York, many companies decided to abandon that local market. But Bitcoin Sportsbook mBit Casino is seeing a major increase in the number of bets ever since the NY Attorney General announced restrictions.
Lack of Alternatives Boost Bitcoin Sports Betting
It is rather difficult to explain why there is a sudden surge in bets placed through mBit Casino, although the platform manager strongly believes this is due to a lack of alternatives. Online gambling and sports betting have always been quite popular, but recent restrictions announced by the New York Attorney General almost completely outlaw this niche.
Popular online gambling platforms DraftKings and FanDuel have been ordered to stop taking entries from customers located in the New York area. According to New York Attorney General Eric T. Schneiderman, both of these platforms’ games constitute illegal gambling under the state law.
This news came as a major blow to online gambling and sports betting enthusiasts all over the United States. Platforms such as FanDuel and DraftKings have been reaping the rewards of this multibillion-dollar industry. Additionally, both of these companies have struck major partnership deals with the biggest sports franchises in the country.
New York Attorney General Schneiderman stated:
“It is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country. Today we have sent a clear message: not in New York, and not on my watch.”
That harsh decision has proven to be quite beneficial for any Bitcoin-related online gambling and sports betting service active in the New York area. mBit Casino is in the prime position of attracting a large portion of former DraftKings and FanDuel customers, with their service providing a high-quality gambling experience.
By combining the latest and most advanced Bitcoin games available with an innovative online gaming platform, mBit Casino has seen its fair share of success over the years. Additionally, there are consistent bonuses to keep players happy, and attract new customers from all over the world.
mBit Casino Becomes Big In New York
Even though Bitcoin itself is regulated in the New York state area, those restrictions do not [yet] apply to online gambling and sports betting platforms. This allows mBit Casino to continue their operations uninterrupted for the time being and serve customers from the New York area without hassle.
mBit Casino Manager Frederique explained it as follows:
“We have experienced a particularly noticeable surge in traffic since the NY Attorney General announcement and the stats on our sportsbook have exploded so clearly there’s plenty of interest here. Providing our players with a reliable platform that operates at the same levels as DraftKings and FanDuel has always been our top priority and now that we are witnessing these players migrate over to our brand, we are confident that it is well merited. We will continue to happily keep our doors open for US players.”
Source: Press Release via Email
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