The US territory could be ready to green light sports gambling and daily fantasy sports, signaling the possibility of Bitcoin sports betting to rise on the archipelago.
There are two reasons why Puerto Rico might be welcoming sports gambling sooner than later.
The first the is the fact that it has almost been a year since lawmakers have agreed to legally approve regulated and licensed sports gambling and daily fantasy sports (DFS) markets in the country. The second is the country needs a new stream of revenue to recover from the ongoing coronavirus pandemic, as well as from previous economic challenges.
Implementing the approved legislation may just be what the country needs now. And the Puerto Rico Gaming Commission (PRGC) has to make that decision.
With Puerto Rico being a US territory and therefore is obligated to recognize the US Supreme Court’s ruling against the Professional and Amateur Sports Protection Act (PASPA), along with its pending implementation of licensed and regulated sports gambling, pushing forward with the PRGC’s plans is only logical.
The PRGC aims to make land-based and online sports betting, along with DFS and esports betting, to the Puerto Rican market before this year ends. No official words yet as to which licenses, however, are required from online sportsbook operators.
Then with the country aiming to become on the top havens for cryptocurrency, only time can tell when the Bitcoin sports betting sector recognizes Puerto Rico as its newest market.
To date, several offshore Bitcoin casinos recommended for US gamblers are available. Soon, online bettors in Puerto Rico may legally place their bets on sports, even better using Bitcoin or other cryptocurrencies.
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