Is it legal to play in a crypto casino in the U.S.?

The legality of online gambling in the US is kind of a grey area since there is no federal law banning gambling throughout the entire country. This results in all 50 states having their own rules and regulations around gambling and online crypto casinos.

And regarding betting with crypto, there are also no federal laws permitting or restricting the act of gambling with cryptocurrency assets, so yes, it’s legal— or better said, not ilegal.

What is a crypto casino?

Let’s start from the basics for those who may not know what we’re even talking about here.

Crypto casinos are online gambling platforms that allow users to play casino games using popular cryptocurrencies such as Bitcoin, Ethereum, etc.

Their popularity is growing exponentially, especially among players who want to enjoy the benefits of crypto, such as anonymity, fast transactions, and low fees in the gambling setting.

But are they legal?

As mentioned before, their legality in the United States will depend on the specific state laws and regulations since there’s no federal law prohibiting them outright.

Some states have embraced online gambling, including crypto casinos, by enacting legislation to permit and regulate them. But other states may have more restrictive policies or no explicit regulations addressing online gambling, leaving it in a legal grey area.

We already wrote an article about what are those states that allow gambling in online casinos, so feel free to go over it to know exactly in what states of the U.S. you’ll be able to access these online crypto casinos.

But in essence, the world of cryptocurrency is one that’s loosely regulated, mainly because that’s the whole point of it, to be a decentralized currency that’s not tied to a central bank or any financial system; therefore, it isn’t bound by those traditional laws.

So basically, betting on online casinos with cryptocurrencies is not ilegal because there isn’t a central regulatory body overseeing the world of cryptocurrency, meaning there’s nobody to enforce laws on it.

However, that brings up to the “negative” side of crypto betting since having no regulatory bodies overseeing it also means it’s not the safest place to put your money in.

Hence, you need to make sure to opt for the most reputable and well-reviewed casinos before you start betting with your cryptocurrencies.