Crypto Bookmakers in Italy - 2024

Crypto Bookmakers Italy Reviews

BC.game Bookmaker Review BC.Game is a crypto-friendly sportsbook that supports a large number of cryptocurrencies.

Here are some key points about BC.Game:

1. Crypto Support: BC.Game allows you to use over 50 cryptocurrencies and 15+ blockchain networks to top up your account. You’ll find popular coins like BTC, ETH, LTC, XRP, and USDT, as well as lesser-known ones like RVN, VET, and WAVES. The available network options include ERC-20, TRC-20, Polygon, Cronos, Arbitrum, Solana, and BEP20, among others.
2. Betting Markets: BC.Game offers a variety of sports in its pre-match section, including football, basketball, tennis, and niche matches like Beach Soccer and squash. Among the most popular football leagues, you can find over 200 betting options per game. You can also place bets on Asian Handicaps, Player Specials, Cards, and Corners. For in-game betting, you can access 8,000+ live events per month, with over 100 in-play options for most football games.
3. Features: BC.Game initially offered Full Cash Out and Quick Bet features. However, they have since added Live Streaming and Bet Builder. Keep in mind that Auto/Partial Cash Out and advanced tools like Request a Bet are not available.
4. Reliability: BC.Game is operated by BlockDance B.V., which holds a Curacao license. The platform has gained popularity among gambling enthusiasts worldwide since its inception in 2018.

Overall, BC.Game provides a crypto-friendly betting experience with a wide range of supported cryptos and sports options. If you’re interested, you can explore their platform and take advantage of their bonuses.

Bitsler Bookmaker Review Bitsler is a well-known Bitcoin sportsbook and casino that has gained prominence since its establishment in 2015.

Let’s delve into the key features that make Bitsler stand out in the world of cryptocurrency gambling:

1. Website Design and Appearance:
   • Upon visiting the Bitsler website, you’ll encounter a sleek, modern interface with a stylish dark blue theme.
   • The user-friendly design prominently displays tabs for casino, sports, Esports, and promotions.
   • The intuitive layout and fluid functionality create a seamless and enjoyable experience for users.
2. Registration Process:
   • To sign up for Bitsler, follow these steps:
     1. Click the register button at the top right corner of the screen or the welcome chest button from the menu.
     2. Enter your email and choose/confirm your password.
     3. Check the box confirming that you are of legal age and have read/agreed to the terms and conditions.
     4. Click the register button and solve the CAPTCHA.
     5. Enter the confirmation code sent to your email.
     
3. Security Features:
   • Bitsler prioritizes account and information security.
   • They employ state-of-the-art encryption protocols to keep your data confidential.
   • Two-factor authentication (2FA) adds an extra layer of security during login.
   • The use of provably fair technology ensures transparent and verifiable gaming results.
4. Quick Facts about Bitsler:
   • Year Established: 2015
   • Welcome Bonus: 100% up to $700
   • Minimum Bet: ₿0.0000065
   • Maximum Profit: Unlimited
   • Payout Percentage: 94%
   • Live (In-Play Mode): Available

Whether you’re an experienced bettor or new to cryptocurrency gambling, Bitsler caters to your needs with diverse betting options and a fantastic user experience

Fortunejack Bookmaker Review FortuneJack is an online crypto casino and sportsbook that has been catering to crypto enthusiasts since 2014.

Here are some key highlights and features of FortuneJack:

1. Crypto Casino Gaming Experience:
   • FortuneJack offers a wide range of games, including slots, live casino games, and provably fair games.
   • Players can use various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.
   • The site provides a secure and easy-to-use platform for an excellent gaming experience.
2. Slot Games:
   • FortuneJack is known for its crypto slots. Players can spin the reels of the latest Bitcoin slots and classic hits.
   • Top 5 slot games at FortuneJack include:
     - Twilight Princess by Pragmatic Play
     - Book of Nile: Magic Choice by NetGame
     - Benny the Beer by Hacksaw Gaming
     - Gravity Bonanza by Pragmatic Play
     - Chaos Crew II by Hacksaw Gaming
     
3. Live Casino:
   • FortuneJack’s live casino offers classics like Blackjack, Roulette, and Baccarat, as well as exciting game shows.
   • Enjoy real-time action with professional live dealers, streamed in HD.
   • Whether you’re a newbie or a seasoned bettor, the transparency of live dealing at FortuneJack is second to none.
4. Fixed-Odds Sports Betting:
   • The site provides 30+ sports for placing wagers, including major leagues in football, basketball, and tennis.
   • Sports like bandy and floorball are also available to bet on.
   • On the kick-off day of popular football matches, there are more than 250 markets with average odds around 95%.
   • Basketball events offer up to 150+ betting options, including Player Props and Winning Margins.
   • Tennis matches are well-covered, including minor tournaments like Challengers and ITF Series.
5. In-Play Betting:
   • FortuneJack hosts 1,000+ daily live events, with an overall payout reaching 93%.
   • Bet on football leagues like Premier League, La Liga, and Serie A, with options like Next Goal and Asian Handicaps.
   • Basketball and tennis fans can enjoy live betting on over 100 markets.
   • The average odds hover around the 92% mark, and the Bet Acceptance time is approximately 4-5 seconds.

FortuneJack continues to lead the way in crypto gaming, offering a seamless experience for players who prefer cryptocurrencies. Whether you’re into slots, live casino games, or sports betting, FortuneJack has something for every crypto user.

Wolf.bet Bookmaker Review WOLF.BET is a leading crypto casino where players can enjoy over 5000+ crypto games, fast payouts, and 24/7 support.

Here are some key features:

1. Crypto Betting: Players can place bets using various cryptocurrencies, including Tether, USD Coin, Binance USD, Bitcoin, Ethereum, DogeCoin, Tron, XRP, Binance Coin, Litecoin, Bitcoin Cash, Cardano, Ethereum Classic, Unicoin, Polkadot, Stellar, Shiba Inu, and SushiCoin.
2. Transparent and Entertaining: WOLF.BET focuses on providing a transparent and entertaining gambling experience. The use of cryptocurrencies ensures fast deposits and withdrawals without any banking bureaucracy. Additionally, players can maintain their anonymity while enjoying a wide variety of games with lower house edges compared to traditional casinos.
3. Proprietary Games: All games in the casino are proprietary, created from scratch to offer a unique and exclusive experience. The current games have a 1% house edge, and every bet can be 100% verified through the Provably Fair page, ensuring fairness and transparency for players.
   • Bitcoin Dice: WOLF.BET offers an advanced Bitcoin dice game with an autobet panel for implementing favorite strategies.
   • Bitcoin Hilo: A High-Low card game where players guess the next card outcome and collect payouts. Additional features enhance the guessing options and increase payout chances.
   • Bitcoin Limbo: A provably fair Limbo game where players aim for desired payouts. An advanced autobet panel allows players to build their strategies.
4. Promotions: WOLF.BET rewards players with various promotions. For example, there’s a daily $1000 wagering contest that rewards the top 50 wagerers within a 24-hour period.

For sports enthusiasts, WOLF.BET also offers a sportsbook where you can bet on various sports events using supported cryptocurrencies like USDT, USDC, BUSD, BTC, ETH, DOGE, TRX, XRP, BNB, LTC, BCH, ADA, ETC, UNI, DOT, XLM, SHIB, and SUSHI. Whether you’re into casino games or sports betting, WOLF.BET has something for everyone! Please note that gambling should always be done responsibly.

Sportsbet Bookmaker Review Sportsbet.io is a well-known online betting platform that has been gaining popularity since its launch in 2016.

Here are some key points from various reviews:

Pros:

1. Wide Range of Betting Options: Offers a variety of sports, including popular ones like football, cricket, and rugby.
2. Competitive Odds: Provides competitive odds and betting markets.
3. Fast Payouts: Known for reliable and quick payouts.
4. User-Friendly Interface: Easy to navigate with a straightforward sign-up process.
5. Many Perks: Offers various promotions and bonuses for new and existing users.

Cons:

1. Old Interface: Some users find the interface outdated and not very user-friendly.
2. Limited Availability: Not available in every country.
3. Confusing Bonus Structures: Some users have reported that the bonus structures can be confusing.

Sportsbet.io offers several attractive bonuses and promotions for new and existing users. Here are the main ones:

Welcome Bonus:

• 30 USDT Free Bet: Wager at least 30 USDT on any sport with odds of 1.5 or higher within 7 days. Once wagered, receive a 30 USDT free bet for any sport.
• 30 Free Spins: Along with the free bet, you'll also receive 30 free spins in the game Gates of Olympus 1000.

Other Promotions:

• Weekly Free Bets: Get a 10 USDT free bet every week.
• Multibet Football Challenge: Bet on football and get up to 300 USDT in weekly free bets.
• Women’s Riyadh Rumble: Bet on tennis and win a share of a 3,500 USDT prize pool.
• Weekly Casino Boosts: Get up to 20% weekly casino boosts, up to 750 USDT.
• Football Winning Streak: Hit a 15-bet streak on football and score up to 5,000 USDT.
• Weekly Pick 4: Win a 50 USDT free bet by correctly answering 4 questions each week.

These bonuses and promotions make Sportsbet.io an attractive option for both new and experienced bettors.

Overall, Sportsbet is considered a trustworthy sportsbook with a long history of reliable payouts and a wide range of betting options. However, it's always a good idea to do your own research and consider your specific needs before choosing a betting platform.

Cloudbet Bookmaker Review Cloudbet is a well-known online crypto casino and sportsbook. It was established in 2013 and is considered one of the pioneers of crypto sports betting. Here are some key features of Cloudbet:

• Cryptocurrency Support: Cloudbet supports a variety of cryptocurrencies for deposits and withdrawals, including Bitcoin, Bitcoin Cash, Ethereum, USDT, DOGE USDC, PAXG, DAI, LINK, and PAX.
• Sports Betting: Cloudbet offers betting markets for major sports like football, hockey, tennis, and basketball. It also provides live streams from every league qualifier and final.
• Casino Games: Cloudbet offers over 3000 online casino games, including high-roller tables, the latest jackpot slots, Provably Fair games, and live-casino Blackjack, Roulette, and Baccarat.
• Security: Cloudbet uses advanced digital currency platforms, making it one of the most secure platforms in online gaming. It also provides 2FA, SSL encryption, and multi-sig cold wallet storage.

Cloudbet offers several attractive bonuses and promotions for new and existing users. Here are the main ones:

Welcome Bonus:

• 100% Deposit Match: New players can get a 100% deposit bonus up to 5 BTC (or equivalent in other cryptocurrencies like ETH, LTC, BNB, etc.). To claim the bonus, simply sign up, make your first deposit using cryptocurrency, and start playing crypto games to release the bonus.

Cloudbet Rewards:

• Loyalty Program: Cloudbet offers a generous loyalty program with no rollover requirements. You can earn rakeback as USDT and enjoy various rewards as you climb the levels.

Monthly Promotions:

• Pragmatic Play's Drops & Wins: Win your share of €2,000,000 monthly by playing one of the participating games and winning daily tournaments.
• Spinomenal Spinoleague: Join the 16-tournament series with a €10,000,000 prize pool.

These bonuses and promotions make Cloudbet an attractive option for both new and experienced bettors Please note that while Cloudbet offers a unique and exciting betting experience, it’s important to gamble responsibly. Never bet more than you can afford to lose, and always be aware of the risks involved.

TrustDice Bookmaker Review TrustDice is a crypto-friendly online platform that combines both a casino and a sportsbook.

Here are some key points about TrustDice:

1. Establishment and Licensing:
   TrustDice was founded in 2018 and is operated by the Satoshi Gaming Group N.V..
   The site holds a Curacao license.
2. Sports Betting and Casino Experience:
   TrustDice offers an excellent experience for punters who want to:
   • Bet on a wide variety of sports.
   • Enjoy an excellent casino experience.
3. Welcome Bonus:
   
   • 100% Deposit Match: New players can get a 100% deposit bonus up to 3 BTC (or equivalent in other cryptocurrencies like ETH, LTC, etc.). To claim the bonus, simply sign up, make your first deposit using cryptocurrency, and start playing to release the bonus.
   • 25 Free Spins: Along with the deposit match, you'll also receive 25 free spins to use on selected games
4. Other Promotions:
   
   • Risk-Free Sports Bets: TrustDice offers risk-free sports bets, allowing you to get your first bet back if you lose, up to a certain amount.
   • Weekly Contests and Task Bonuses: Participate in weekly contests and complete tasks to earn additional bonuses and rewards.
   • Crypto Faucet: TrustDice has a crypto faucet that rewards users with small amounts of cryptocurrency for completing simple tasks.
5. Deposit and Withdrawal Options:
   
   • TrustDice is strictly a crypto casino and sportsbook.
   • Major cryptocurrencies are accepted.
   • If you don’t have crypto, you can buy directly from the site using Visa.
   • Withdrawals are fast, and you can expect to receive your payment within 24 hours.
6. Additional Information:
   
   • TrustDice is VPN friendly, making it attractive for many users.
   • Withdrawal limits: €5,000 per day, €15,000 per week, and €50,000 per month.
   • Some fees may occur on withdrawals with certain coins.
7. Pros and Cons:
   
   • Pros:
     - Major cryptocurrencies accepted.
     - No restrictions on countries or KYC.
     - Fast withdrawals.
     - Attractive loyalty perks and bonuses.
   • Cons:
     - No traditional payment methods.
     - Extra fees on some withdrawal methods.
     - No livestreaming.

In summary, TrustDice is an attractive option for crypto enthusiasts, offering a seamless betting experience with minimal restrictions on locations and KYC. While restrictions apply to USA players, TrustDice seems to be welcoming to players from various regions.

Bets.io Bookmaker Review Bets.io is an online bookmaker that has garnered positive feedback from users.

Here are some key points from the reviews:

• Trustpilot Ratings: Bets.io has an Excellent rating on Trustpilot with a score of 4.4 out of 5. Many users have praised the platform for its user-friendly interface, quick payouts, and responsive customer service.
• Bonuses and Promotions: They offer a 100% first deposit bonus up to 1 BTC plus 100 free spins for new players. Additionally, there are opportunities for cashback and free spins based on activity.
• Game Selection: The platform boasts a large selection of games, catering to a variety of preferences.
• Cryptocurrency Integration: Bets.io allows transactions in multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Tether, which provides a secure and fast payment method.
• Licensing: The bookmaker is licensed in Curaçao, which is a common jurisdiction for online gaming platforms.

Please note that while the reviews are generally positive, it’s always a good idea to read the full terms and conditions on the Bets.io website and consider user feedback as part of your own research before engaging with their services.

Jackbit Bookmaker Review Jackbit is a crypto casino and sportsbook that was established in 2022. It’s operated by Ryker B.V., a company with experience in crypto gambling. Jackbit offers anonymous and safe betting with various cryptocurrencies. The platform provides a diversity of sports, alongside competitive odds.

Here are some key features of Jackbit:

• 3+1 Free Bet: Place three consecutive bets with a minimum deposit of $10 or equivalent in cryptocurrencies. The fourth bet will be free, with the amount being the average of the previous three bets. For example, if you bet $30, $40, and $50, your free bet will be $40.
• No-Risk Sports Bonus: Get 100% of your first bet back if your bet is lost, up to $100. This means if you deposit $100 and lose your first bet, you'll get $100 back.
• Loyalty Rewards: Earn points for your bets and climb the VIP levels, unlocking various rewards and enhanced rakeback rates.
• Personalized Campaigns: Occasionally, Jackbit offers personalized campaigns and SMS notifications about rewards..
• It supports a wide range of cryptocurrencies for transactions, including Bitcoin, Ethereum, Ripple, Litecoin, USDT, BNB, DASH, Dogecoin, Monero, Tron, USDC, Solana, BUSD, etc.
• Jackbit offers instant withdrawals and deposits.
• It provides over 40 sports and more than 10,000 live events monthly.
• Jackbit offers a Bet Builder tool to combine some wagers for the same event in football and basketball.
• It also provides Full Cash Out and Edit Bet functions.

Please note that it is gambling advertising and gambling is not suitable for solving financial problems. Always read terms and conditions and play responsibly.

Megapari Bookmaker Review Megapari is a 2019-launched bookmaker. It has quickly gained a sizeable share of the sports betting industry.

Here are some key features of Megapari:

• Sports Coverage: Megapari offers wagers on over 45 sports and 1,000 live matches every day. It covers popular sports such as football, basketball, tennis, and cricket. It also offers exotic sports such as keirin, bare-knuckle fighting, rowing, and ante betting on horses and dogs.
• Odds & Betting Options: Megapari provides competitive odds with 300+ additional bets on important events. The odds have all the display formats known in sports betting: American, Decimal, Fractional, Malay, Hong Kong, and Indonesian.
• Live Streaming: Megapari’s Live Streaming feature is accessible without registration, allowing users to watch matches in real time.
• Mobile Apps: Megapari has mobile apps for both Android and iOS users.
• Withdrawals: Megapari is known for its fast withdrawals.
• Promotions: Megapari offers continuous promotions and bonuses.
• Customer Support: Megapari provides 24/7 customer service.

Megapari offers several attractive bonuses and promotions for new and existing users. Here are the main ones:

Welcome Bonus:

• 100% Deposit Match: New players can get a 100% deposit bonus up to €300 and 30 free spins on Book of Gold: Classic. To claim the bonus, simply sign up, make your first deposit using the code m_64641, and start playing.
• Four-Stage Welcome Package: Use the promo code m_41936 to receive a four-stage welcome bonus totaling €1,500 and 150 free spins. Each deposit stage offers a different bonus and free spins.

Other Promotions:

• Enhanced Odds: Regularly offers enhanced odds on various sports and casino games.
• Daily Cashback: Provides daily cashback to reward loyal users.
• Regular Bonuses: Offers various bonuses and promotions throughout the year to keep users engaged.

These bonuses and promotions make Megapari an attractive option for both new and experienced players. Have you tried any of these bonuses yet?

Vave Bookmaker Review Vave is an emerging bookmaker that has quickly gained recognition in Europe.

Here are some key points about Vave:

1. Platform and Features:
   • Legitimate Bookmaker and Casino: Vave offers over 30 sports to bet on, along with a wide selection of slot machines and dealer games.
   • Cryptocurrency Deposits: You can deposit using popular cryptocurrencies such as BTC, ETH, and USDT.
   • Mobile-Friendly: The website is mobile-friendly, ensuring a seamless betting experience.
2. Welcome Bonus and Promotions:
   • Massive Welcome Bonus: Vave invites bettors with a substantial welcome bonus.
   • Weekly Promotions: Regular promotions keep users engaged.
3. Sports Betting:
   • Competitive Odds: The odds are competitive, making it an attractive choice for sports enthusiasts.
   • Broad Coverage: Vave covers a wide range of sports, including popular ones like football, basketball, and tennis.
   • Cryptocurrency Payments: Fast and convenient cryptocurrency payment methods are available.
4. Casino Section:
   • Casino Games: In addition to sports betting, Vave features a casino section.
   • Curacao Gambling License: Operated by TechOptions Group B.V.I.D., the bookie holds a Curacao gambling license.

22Bet Bookmaker Review 22Bet is a well-established online betting platform that has been gaining popularity since its launch in 2018. Here are some key points from various reviews:

Pros:

• Wide Range of Sports: Offers over 40 sports betting markets, including popular sports like football, tennis, and basketball, as well as more specialized options like snooker and esports.
• Competitive Odds: Provides competitive odds and betting markets.
• User-Friendly Interface: The website is easy to navigate with a straightforward sign-up process.
• Multiple Payment Methods: Supports various payment options, including credit/debit cards, e-wallets, and cryptocurrencies.
• Fast Payouts: Users have reported quick transaction times for deposits and withdrawals.
• Good Customer Support: The support team is responsive and helpful.

Cons:

• Limited Promotions: Some users feel that there could be more incentives for sports bettors.
• No Built-in Livestreams: The platform does not support built-in livestreams for some sports.

22Bet offers several attractive bonuses and promotions for new and existing users. Here are the main ones:

Welcome Bonus:

• 100% Deposit Match: New players can get a 100% deposit bonus up to €122 (or equivalent in other currencies) on their first deposit. This means if you deposit €100, you'll get an additional €100 bonus.

Friday Reload Bonus:

• 100% Bonus Up to €100: Make a deposit on Friday to get a 100% bonus up to €100 for sports betting.

Casino Deposit Bonus:

• 100% Bonus Up to €300: New players can get a 100% deposit bonus up to €300 for casino games.

Weekly Race:

• Weekly Cash Prizes: Join the Weekly Race and win a share of up to €5,000.

Accumulator Saver:

• Accumulator Bet Protection: Place an accumulator bet consisting of 7 or more selections on any sports. If one selection within your accumulator loses, 22Bet will refund 100% of your stake.

Loyalty Program:

• Weekly Cash Rebate: Get a weekly cash rebate of 0.3% on your sports betting.

These bonuses and promotions make 22Bet an attractive option for both new and experienced bettors.

Overall, 22Bet is considered a reliable and user-friendly betting platform with a wide range of sports and competitive odds. However, it's always a good idea to do your own research and consider your specific needs before choosing a betting platform.

Sportbet Bookmaker Review Sportbet.one is a relatively new player in the online betting scene, and it seems to be gaining attention for its user-friendly interface and a wide range of betting options.

Here are some key points from various reviews:

Pros:

• Welcome Bonus: 125% up to $1000 • 10x rollover on sports.
• Wide Range of Betting Options: Offers a variety of sports, casino games, and eSports coverage.
• User-Friendly Interface: The site is easy to navigate with a sleek design.
• Cryptocurrency Support: Allows deposits and withdrawals in multiple cryptocurrencies, providing anonymity for users.
• Responsive Customer Support: Generally provides helpful customer service.

Cons:

• Limited Mobile Apps: No dedicated iOS app, only an Android app and a mobile browser version.
• Betting Limits: Some users have reported low betting limits, which may not be suitable for professional bettors.

Overall, Sportbet.one seems to be a legitimate platform with a good range of betting options and strong cryptocurrency support.

1xBit Bookmaker Review 1xBit is an online crypto casino and betting site that offers a wide range of options for both casino gaming and sports betting.

Here are some key features of 1xBit:

1. Crypto Betting: 1xBit allows you to bet using various cryptocurrencies, making it an ideal platform for crypto enthusiasts. You can use over 25 different cryptocurrencies for betting.
2. Sports Betting: The bookmaker offers a wide selection of events to bet on, including popular sports like football, tennis, basketball, volleyball, ice hockey, golf, boxing, handball, American football, baseball, table tennis, biathlon, Aussie rules, and bandy.
3. Live Betting: You can enjoy live events with high odds through 1xBit’s live betting feature.
4. Casino Games: 1xBit is also a crypto casino where you can play various casino games, including slots, blackjack, and more.
5. Bonuses: New users can benefit from a welcome bonus of up to 7 BTC when they sign up.
6. Anonymous Accounts: Customers on 1xBit remain anonymous, and their account balance is always in crypto as long as they keep it there.
7. Bet Builder and Betting Exchange: The platform includes features like Bet Builder and Betting Exchange.
8. Live Streaming: 1xBit offers live streaming for sports events.

If you’re interested in crypto betting and want to explore a variety of markets, 1xBit could be a great choice for you. Remember to do your own research and consider your risk tolerance before placing any bets.

Thunderpick Bookmaker Review Thunderpick is an online bookmaker that offers a wide range of sports betting options and casino games. With its unique features, user-friendly interface, and attractive bonuses, it stands out from other betting companies.

Here are some key features of Thunderpick:

• Welcome Bonuses: Provides a 100% deposit match bonus up to €600 for sports and up to €2000 for casino games.
• Wide Range of Betting Options: Offers extensive sports betting markets, hundreds of casino games, and a variety of esports betting options.
• Esports Betting: Thunderpick is known for its focus on eSports, offering live streaming of eSports matches, several markets, and real-time updated odds.
• Cryptocurrency Support: Thunderpick supports multiple cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.
• 24/7 Support: Thunderpick provides round-the-clock customer support.
• Casino Games: The casino section of Thunderpick offers over 3000 game options across 15 different categories.
• Live Betting: Thunderpick offers live betting on many types of sports and eSports.
• Mobile Friendly: While Thunderpick does not provide an application for smartphones, it offers a convenient mobile version that can be accessed through a browser.
• Security: Uses 128-bit SSL encryption to ensure secure transactions.

Overall, Thunderpick seems to be a solid choice for those interested in sports, casino, and esports betting, with a smooth user experience and generous bonuses.

Cryptocurrency and Gambling in Italy

The use of cryptocurrencies like Bitcoin, Ethereum, and others in gambling is a gray area in Italy, as there is no specific regulation for crypto-based betting. However, some key points to consider:

1. No Explicit Ban on Crypto Betting: As of now, there is no outright ban on the use of cryptocurrencies for gambling in Italy. However, operators are generally expected to comply with local laws, including anti-money laundering (AML) regulations and the need for proper licensing.
2. AML and KYC Requirements: The use of crypto in betting platforms may be subject to AML and Know Your Customer (KYC) regulations. This is particularly important because crypto transactions are often anonymous, which can attract scrutiny from regulators aiming to prevent money laundering and fraud.
3. Unregulated Crypto Betting Sites: Some online betting platforms accept cryptocurrencies as a form of payment but may not be licensed by Italian authorities. These sites are often based outside of Italy and may not be subject to the same consumer protections or legal oversight as licensed operators in the country.
4. The EU and Anti-Money Laundering Laws: Italy, being part of the European Union, is bound by EU regulations, including the Fifth Anti-Money Laundering Directive (5AMLD). This law imposes strict regulations on cryptocurrency exchanges and wallet providers, which may also apply to crypto betting platforms in terms of user verification and the monitoring of transactions.
5. Regulatory Changes and Risk: Cryptocurrency regulations in Europe, including Italy, are constantly evolving. It's possible that in the future, Italy could introduce more specific regulations for crypto betting, either permitting it under certain conditions or imposing additional restrictions.

Key Considerations:

1. Risk of Legal Issues: Since crypto betting platforms might not be licensed by Italian authorities, there is a risk for players who engage with these sites. If something goes wrong, there may be limited recourse for resolution under Italian law.
2. Taxation: Cryptocurrency winnings are subject to taxation in Italy. The Italian Revenue Agency (Agenzia delle Entrate) has clarified that cryptocurrencies are treated as assets for tax purposes. This means that any gains derived from crypto betting could potentially be taxable, and players may be required to report their earnings.
3. Consumer Protections: Licensed operators in Italy are required to meet certain standards for consumer protection, including ensuring fair play and secure transactions. Betting on unlicensed or offshore platforms, including many crypto casinos, might not offer the same level of protection.

Conclusion: Crypto betting in Italy is still in a gray zone with respect to regulation. While there is no specific legal framework for crypto betting, players should be cautious when using unlicensed platforms, as they may face potential legal, financial, and consumer protection risks. For those interested in gambling with cryptocurrencies in Italy, it’s advisable to stick with licensed operators or those that comply with EU regulations.

FAQs about Bitcoin betting in Italy

1. Is Bitcoin betting legal in Italy?

• Legality: In Italy, Bitcoin is not considered legal tender, meaning it is not officially recognized as an alternative to the Euro for everyday transactions. However, using Bitcoin for online betting is not explicitly illegal, as long as the online platform you are using operates within the framework of Italian gambling laws.
• Regulation of Gambling: Italian gambling is heavily regulated by the Agenzia delle Dogane e dei Monopoli (ADM), which oversees both traditional and online gambling activities. However, many cryptocurrency-based betting sites are not licensed by ADM, which may create potential legal grey areas. While you may not face direct legal consequences for betting with Bitcoin, using unlicensed platforms can expose you to risks, including fraud or loss of funds.

2. Are there any Italian regulations for online gambling with Bitcoin?

• Unlicensed Operators: In Italy, online gambling is only legal through operators that are licensed by the ADM. Most major gambling sites that accept Bitcoin are not likely to be licensed by the ADM, which means they technically operate in a grey area. You should be cautious when using unlicensed platforms.
• Taxation: While Bitcoin is not directly taxed as currency in Italy, any gambling winnings — whether in fiat or cryptocurrency — are generally taxable. If you win significant amounts, you might be required to report your income to the Italian tax authorities.

3. What are the advantages of Bitcoin betting?

• Anonymity: Bitcoin offers a level of anonymity compared to traditional payment methods, which may appeal to users who value privacy.
• Faster Transactions: Bitcoin transactions are often processed faster than traditional banking methods, especially for withdrawals.
• Lower Fees: Transaction fees for Bitcoin are generally lower than those of credit cards or bank transfers, especially for international transactions.
• Decentralization: Since Bitcoin operates on a decentralized network, it is not subject to restrictions or fees imposed by financial institutions, making it more accessible for international bettors.

4. What are the risks associated with Bitcoin betting?

• Volatility: Bitcoin's price can be highly volatile. The value of your winnings or deposits may fluctuate considerably, even within short periods.
• Security: While Bitcoin itself is generally secure, some online betting platforms may not have robust security measures, potentially leaving you vulnerable to hacking or fraud.
• Legal Uncertainty: Since Bitcoin betting platforms are not always licensed by Italian authorities, they may not provide the same consumer protections as regulated gambling sites.

5. How do I get started with Bitcoin betting in Italy?

• Create a Bitcoin Wallet: To use Bitcoin for betting, you first need a Bitcoin wallet where you can store and manage your cryptocurrency.
• Buy Bitcoin: You can purchase Bitcoin on a variety of exchanges, such as Coinbase, Binance, or Kraken, using fiat currency like euros.
• Find a Bitcoin Betting Site: Look for online betting platforms that accept Bitcoin as a payment method. Make sure to check the site's security features, licensing status (if available), and reviews from other users.
• Deposit Bitcoin: Once you've chosen a site, you can deposit your Bitcoin into your betting account and begin placing bets.

6. Are there any Bitcoin betting sites that accept Italian players?

• While there are many international Bitcoin betting sites that allow Italian players, it’s important to ensure that these sites accept customers from Italy and are safe to use. Popular Bitcoin gambling sites, such as BC.Game, FortuneJack, and Stake, have a global user base and may accept Italian players, but they typically do not hold licenses from Italian regulators (ADM).
• Always research the reputation and reliability of the platform before depositing any funds, especially when dealing with cryptocurrency.

7. Can I use Bitcoin to place bets on sports or play casino games in Italy?

• Yes, many Bitcoin betting sites offer sports betting and casino games. You can use Bitcoin to wager on a variety of sports, such as football, tennis, or basketball, as well as play games like poker, blackjack, roulette, and slots. However, these platforms are generally based outside of Italy and may not be legally authorized by Italian regulators.

8. Can I cash out my Bitcoin winnings in Italy?

• Converting Bitcoin to Fiat: You can convert your Bitcoin winnings into fiat currency (such as euros) using cryptocurrency exchanges like Binance, Kraken, or Coinbase. Once converted to fiat, you can transfer the funds to your Italian bank account.
• Withdrawal Fees: Depending on the exchange or platform you use, there may be withdrawal fees or minimum withdrawal amounts.

9. What should I consider when choosing a Bitcoin betting platform?

• Security: Ensure that the platform uses encryption and other security measures to protect your funds and personal information.
• Reputation: Look for reviews and feedback from other users to determine if the platform is trustworthy.
• Licensed vs. Unlicensed: While many Bitcoin betting sites are unlicensed, those that are licensed in other jurisdictions (such as Curacao) may offer more consumer protections than unregulated sites.
• Payment Options: Check that the site supports Bitcoin deposits and withdrawals, as well as other payment methods you may need.

10. How do I stay safe while betting with Bitcoin in Italy?

• Use Trusted Platforms: Stick to well-known and reputable betting sites, and avoid any platforms that seem dubious or have poor reviews.
• Enable Two-Factor Authentication: Secure your accounts with two-factor authentication (2FA) to reduce the risk of hacking.
• Withdraw Winnings Regularly: It’s a good idea to withdraw your winnings periodically to minimize the risk of losing them to hacking or fraud.