Sports betting on offshore platforms is becoming increasingly popular with the general public. Anyone can access them these days in order to make a return on their basic investment. That said, if off-GRAI betting is now a reality, are all currencies allowed? Is it possible to bet on non-Irish platforms in crypto? Focus!
Ireland has special rules for sports betting<. They are governed by the Gambling Regulatory Authority. This body, in its provisions, stipulates that only the use of fiat currencies is authorised for betting. Betting in bitcoin, for example, is therefore out of the question, because it is prohibited. So what about the other side of the coin? Well, it is possible to bet in crypto at non-GRAI bookmakers. So if you want to bet with one of the virtual currencies, you need to have a betting account with a foreign sports betting provider such as the ones selected:
To bet in cryptocurrencies on a sports betting platform, you can either register directly with a foreign bookmaker that accepts Irish and crypto-currencies (but they are rare), or subscribe to the services of a betting broker. This is a professional who will be responsible for giving you access to foreign bookmakers who accept crypto bets. But before taking the plunge, it is important to stress the importance of choosing a broker whose services are reliable and who authorises the virtual currency itself. Favour professional brokers who can give you access to betting platforms such as Pinnacle, SBObet, or Betfair. You can also consult the top bookmakers not approved by GRAI in 2024 to choose your bookmaker.
It is now possible to bet with cryptocurrency on foreign sports betting sites. However, this requires compliance with a very specific procedure. First of all, you need to register with a sports betting broker. To do this, you simply need to fill in some personal details, such as your identity and address. Once you've done that, you need to tell your broker which betting platforms you want to access. Next, you need to enter your e-wallet details, as this is where your winnings will be sent to you later.