Bitcoin betting surges during US election season

Bitcoin betting surges during US election season

Donald Trump and Hillary Clinton may be considered to be the least popular presidential candidates in the history of American politics, but that hasn’t stopped punters from pouring in a record number of wagers into betting sites.

Bitcoin betting surges during US election seasonThe recently held 2016 U.S. presidential elections has been called the biggest non-sporting betting in the UK’s history, surpassing even the Brexit referendum, with punters spending more than £150 million on the outcome.

Bitcoin betting sites, such as Fairlay, BitBet, Predictous and BetMoose, also experienced a surge during the election season.

In an interview with Brave New Coin, a Fairlay representative said that a single political bet on its site attracted 4,356 predictions, which are worth an estimated $956,000 at current digital currency exchange rates.

“Overall, people won around 2000 BTC (bitcoins) betting on Trump,” Fairlay said, according to the report.

The betting sites said the number of bitcoin made during the November 8 election has “grown dramatically,” compared to the 2012 presidential election, when bitcoin was still in its infancy.

“People were very passionate about betting during the US presidential election season, and were also very passionate during the whole Brexit affair,” a spokesperson for the BitBet website told the bitcoin news outlet

Bitcoin Gambling Guide starts awarding ‘certificate of trust’ to bitcoin gambling sites

Online resource Bitcoin Gambling Guide (BitcoinGG) has started a campaign to recognize ‘reliable’ bitcoin gambling sites.

Recently, BitcoinGG started awarding a “Certificate of Trust” to several bitcoin casinos, sportsbooks, poker rooms and other betting sites, which it deemed “reliable and capable of offering a quality online gaming experience.”

Among the sites that received the certificate were BitStarz Casino, and mBit Casino, as well as sports betting site

“We strive to create a solid industry for Bitcoin gambling and one way to achieve this is by guiding players step-by-step,” Chris Evans, Business Development Manager at Bitcoin Gambling Guide, said in a statement. “We see it fit to go through every brand and hand pick those that meet our criteria.”

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