Best Crypto Bookmakers in Italy in February 2025

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.

Your Ultimate Guide to Crypto Betting in Italy

Cryptocurrency and Gambling in Italy

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.

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.

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.

• 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.

• 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.

• 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.

• 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.

• 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.