Wyoming Gaming Commission Approves Sports Betting Rules Including Deposits Made with Cryptocurrency

by Natasha Lyndon - Wednesday, August 4th, 2021 10:33

The Wyoming Gaming Commission has voted to unanimously approve proposed sports betting rules and regulations as the state inches closer to a Fall launch. The approved rules set out tax rates, the licensing approval process, and includes provisions for sports betting operators to accept deposits made using cryptocurrencies.

The sports betting rules were drafted by the Commission following the passing of HB133 in April of this year. The legislation was the first of its kind to included cryptocurrencies as an acceptable deposit method for sports betting accounts.

Now that the draft rules have passed through their initial 45-day public comment period and the notice of intent to adopt rules has expired, the Commission expects to legally disseminate the rules in full by September 1st. If that process goes smoothly, then gamblers in Wyoming can expect to place their first wagers some time in early September around the start of the NFL season.

The state legislation allows for unlimited licenses making Wyoming the second state following Tennessee to have an uncapped market. To date, the Commission has received four letters of intent from sports betting operators.

The four confirmed applicants are:

  • Barstool Sportsbook
  • BetMGM
  • DraftKings
  • FanDuel

Another two operators, SuperBook USA and Golden Entertainment, have also expressing an interest in entering the market.

Wyoming will follow in the footsteps of states such as Rhode Island by allowing anyone over the age of 18 to place wagers on sporting events. Gamblers in the state will also be allowed to bet on all college sports including events that involve in-state teams and athletes.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.