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Singapore Bans Crypto And Approves Cashless Casino Betting

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Bitcoin roulette wheel

Bitcoin circle coin logoSingapore authorities have taken a step forward in fighting money laundering schemes by banning cryptocurrencies at in-person or online casinos.

Money laundering has long been associated with offshore casino gambling, but only recently has it been linked to crypto schemes. Singapore has banned digital assets such as Bitcoin, Ethereum, Litecoin, and other cryptos from being accepted at their licensed casinos to add legitimacy to their online and in-person gambling services.

Betting with Bitcoin has grown in popularity over the last several years due to its convenience and fast processing times. Many players today seek online casinos that accept crypto for the bigger bonus rewards, instant transfers, and the additional security it provides by bypassing traditional banking methods.

Minister of State Sun Xueling told media sources that the changes were made to modernize the gambling industry. Xueling also stated that “The Gambling Regulatory Authority has no intention of allowing cryptocurrency to be used as chips for casino gambling as this presents money laundering risks.”

Can I Bet Online With Cryptocurrency?

Many trusted offshore betting sites will accept cryptocurrency, and several countries have even included digital assets in their in-person game rooms. For most players, crypto is a way to bypass currency exchange services and a faster way to fund an account or withdraw winnings.

For most online casinos that deal in the US dollar (USD), digital assets such as Bitcoin, Ethereum, Litecoin, and various altcoins are all converted to USD and added to the account holder’s bankroll. Players who deposit in crypto can also elect to receive their winnings in crypto.

Crypto Gambling Websites That Don’t Require ID

Be wary of casinos and sportsbooks that don’t require ID, these sites are often not licensed or regulated. Offshore betting sites such as Bovada and BetOnline allow players to sign up and bet without providing ID but require identification before withdrawing their winnings. Identification upon withdrawal is a normal process and is how most online casinos operate.

You should always read a site’s terms and conditions before signing up to avoid confusion. Most online gambling sites will accept anyone over the age of eighteen who hasn’t previously excluded themselves. Self-exclusion is another process many legitimate sites utilize for those players battling an addiction.

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2024 US Presidential Election Odds From Offshore Sports Betting Sites

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Trump vs. Harris odds

star iconThe 2024 US presidential election is November 5, 2024, and offshore sports betting sites offer odds on who will win the Presidency.

Over the last couple of months, Republican candidate Donald Trump Sr. has sparred with Democratic candidate Kamala Harris over immigration policy, abortion rights, inflation, and several other key elements of each administration.

This article will discuss US politics and political betting odds associated with each candidate. We will also discuss how to lock in odds on election day.

2024 Candidates: How Did We Get Here?

Former President Donald Trump Sr. has been running a re-election campaign since 2020 when he lost office to Joe Biden. After an attempt by Nikki Haley and other prominent Republicans to secure the nomination, it was clear Trump still had the majority support of the party. Trump went on to secure the party’s nomination just a couple of days after an assassination attempt in Butler, Pennsylvania.

After the first official 2024 Presidential debate, current President Joe Biden ended his re-election bid and threw his support behind his vice president, Kamala Harris. Biden’s poor debate appearance sparked concern over his mental ability to lead the country. Despite entering the race late, Kamala was able to debate Trump once.

Sportsbook Odds For President

The best offshore sports betting apps have Trump as the favorite; however, that could change as votes count. Based on the odds, bettors can expect a red wave, but polls can often be misleading.

When Trump won the Presidency in 2016, he was behind in all the polls. In 2024, he has regularly been behind in the polls and is expected to lose the majority vote. However, he could easily win the Presidency with enough electoral votes.

Below are some current odds available for election day 2024 from Bovada’s online sportsbook.

US Presidential Election 2024 Winner

  • Donald Trump Sr.  -175
  • Kamala Harris  +145

Winning Party

  • Republican Party -175
  • Democratic Party +145

Party Of Popular Vote Winner

  • Democratic Party -220
  • Republican Party +160

Is Betting On US Politics Legal In The United States?

No federal laws make betting on elections illegal in the United States. While state-licensed sportsbooks often do not accept wagers on politics, offshore betting sites do. The online sportsbooks we review have accepted US players since the early 1990s and are all licensed by a reputable governing body.

Sportsbook sites often accept currencies to attract US bettors, including popular digital currencies such as Bitcoin and Litecoin. You can also find great sign-up bonuses, numerous rewards programs, and sites accepting players over 18.

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Monday Night Football Odds From Offshore Sportsbook Sites

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NFL logoThe 2024-25 NFL season is in full swing, and betting odds for this Monday Night Football contest are already posted.

This Monday will host two NFL games featuring an NFC vs. AFC team: the Ravens vs. the Buccaneers and the Chargers vs. the Cardinals.

NFL betting odds are available for games and games that will be played later this week. Game line odds are often available a few days before the match, whereas futures and props are available all year.

Below, we will discuss the game line odds for tonight’s matchups and discuss why the odds favor each team.

NFL Game Lines

NFL game lines are probably the most popular sportsbook odds in existence. They offer three ways to bet on the game. The money line or win is the most straightforward bet, as it is essentially picking who will win the contest.

Below, you will see that the Ravens and Chargers are favorites, as their win and spread line odds offer little value. However, if the Bucs or the Cardinals can win tonight, some good money could be made if the bet hits.

Ravens vs. Buccaneers

Both the Ravens and Bucs are looking towards the NFL postseason with current winning records. Ravens QB Lamar Jackson, alongside RB Derrick Henry, has been an almost unstoppable force on the ground attack. Most critics believe the Buccaneers have been playing above their expected ability and have relied heavily on the hot hand of quarterback Baker Mayfield, who has played well this season.

Odds from trusted offshore sportsbooks believe that the Buc’s defense will struggle against the Raven’s ground attack. With Lamar’s ability to create plays, it will be a tough fight, win or lose.

Baltimore Ravens vs. Tampa Bay Buccaneers

  • Spread: -3.5 (-115), +3.5 (-105)
  • Win: -200, +170
  • Total: O50.0 (-115), U50.0 (-105)

Chargers vs. Cardinals

Both the Chargers and the Cardinals have struggled this year. The Chargers are currently 3-2; a loss would take them to .500 for the season. The Cardinals are currently 2-4, and a win could set them up for a late-season playoff run.

Odds indicate the Chargers should win this competition, but anything could happen on the field.

Los Angeles Chargers vs. Arizona Cardinals

  • Spread: -1.0 (-115), +1.0 (-105)
  • Win: -125, +105
  • Total: O44.0 (-115), U44.0 (-105)
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New Zealand Pursues Online Casinos To Combat Offshore Betting Sites

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Hon. Brooke van Velden

mobile iconThe New Zealand government has taken the initiative to pursue legal online casinos, and many people believe this is to combat offshore betting sites.

New Zealand’s Minister of Internal Affairs, Hon. Brooke van Velden, confirmed that the country is looking at a regulatory framework to issue online iGaming licenses by 2026. However, license holders will be subject to sustainability checks, taxes on revenue, and to provide customer protections. There will also only be a select few license holders selected if new legislation passes into law.

Currently, the only online gambling provided by the country is sports and parimutuel gambling. However, Tabcorp is the sole beneficiary as it is the only company in the country with an online sports betting license.

The Internal Affairs Department, led by Hon. Brooke van Velden, regulates all forms of gambling in the country.

Domestic New Zealand Casinos

SkyCity Entertainment Group is one of the few companies in New Zealand with a domestic casino license. It owns resorts in three cities: Auckland, Hamilton, and Queenstown. Earnings reports confirmed that SkyCity generated retail gross gaming revenue of USD 229 million for 2023.

Full NZ Casino List

  • SkyCity Auckland – 1800+ gaming machines, 150 gaming tables.
  • Christchurch Casino – 500 gaming machines, 36 gaming tables.
  • SkyCity Hamilton – 339 gaming machines, 23 gaming tables.
  • Dunedin Casino – 180 gaming machines, 12 gaming tables.
  • SkyCity Queenstown – 86 gaming machines, 12 gaming tables.

Offshore Casinos In New Zealand

Offshore betting sites have offered their services to New Zealand since the early 2000s and have become the most trusted source for many gamblers. While they are legal outside of the country, New Zealand itself has not authorized the use of these sites. However, the government has yet to forbid offshore gaming sites successfully.

Online, you will find numerous casino games that offer real money payouts, including blackjack gambling, roulette, slots, video poker, and more. In addition to a more extensive selection of games, online casinos also offer digital currency banking options, player-specific bonus options, progressive jackpot slots, and sometimes live dealer games.

Are Offshore Betting Sites Safe?

Licensed offshore betting sites are generally safe if a trusted gaming agency regulates them. Offshore regulators are often government agencies tasked with taxing and enforcing regulations to assure players are secure and that the games are fair.

To ensure that online casino sites are legit, check for licensing and compliance records that indicate they operate with oversight. Our online reviews will help you discover our recommended sites for 2024.

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