How Will The US Elections Impact The Crypto Gambling Industry?
The US presidential election has become a focal point for the crypto gambling sector, with industry experts unanimously noting that the outcome will surely have a significant impact on crypto market dynamics. Everyone associated with crypto gambling and crypto trading in general closely monitored the election’s potential to influence regulatory policies that can impact market stability and the future trajectory of cryptocurrencies. So, let’s check out what you can expect as a crypto gambling aficionado.
Party Differences Obvious Before The Elections
Way before the elections even took place, everyone could notice stark differences in how both political parties approached the potential Bitcoin casino regulation. As you can imagine, these differences can significantly impact the entire market, so let’s see the opposing views in more detail.
Democratic Party
Historically, the Democratic Party has continuously expressed concerns about the risk associated with cryptocurrencies, most notably their use in money laundering and tax evasion. There is a certain group of Democrats who gladly support innovation in blockchain, but they would still push for strict regulations.
Republican Party
On the flip side, we have the Republican Party, led by President-elect Donald Trump, who is more favorable towards deregulation and market-driven innovation. All this can greatly benefit the Bitcoin sportsbook and casino industry. Some of the leaders in the Republican Party even see crypto as a nice tool that can help the US cope with inflation and preserve individual financial sovereignty. As such, the Republicans generally favor free markets and less government intervention, so it sounds like a win-win situation for the entire crypto market.
Donald Trump’s Stance Following His Victory
Trump didn’t always have such a friendly stance towards cryptocurrencies. He used to see them as a threat to the US dollar, as he previously stated that “cryptocurrencies are not money, and they are highly volatile.” He noted that the lack of regulation could facilitate illegal activities, so it is clear that his views were not so accepting.
However, some five years after these statements, it seems like Donald Trump has made a complete U-turn on cryptocurrencies used at Bitcoin or Ethereum sports betting and casino operators.
Just a few months before the US elections, Trump made a bold statement saying that if he won the election, he would prevent the federal government from liquidating Bitcoin reserves. He noted that if crypto is going to define the future, he wants to see it made and mined in the US.
Experts noted that his win will likely see the administration adopt cryptocurrencies as tools to stimulate economic growth. Some of them even said that Trump will explore leveraging blockchain technology to improve the efficiency and transparency of government operations. With this in mind, tech-driven investments are likely to follow now – especially with Elon Musk as a Trump advisor.
What Does the Surge Mean for the Crypto Gambling World?
With all of the above-mentioned in mind, it should not be surprising for you to hear that all cryptocurrencies—most notably BTC, ETH, and DOGE—had enjoyed a significant spike in value since Donald Trump was elected as the new US President.
This surge will likely mean that the door for new investments in cryptocurrencies is likely to open even further. Biden evidently choked the development of the crypto market, but Trump promised a more friendly approach, so since narrative drives price, it seems like now is the time to invest and use crypto for gambling.
Even shortly after the US elections finished, some experts said that there has been a notable increase in institutional investments in cryptocurrencies. This would likely result in a more mainstream crypto acceptance in the industry, with major companies integrating crypto payments.
Since blockchain technology develops all the time, transactions are now more secure and efficient, and Trump’s friendly approach may finally add a bit more stability and legitimacy to the crypto market.
The Rise of Prediction Markets
Crypto gambling enthusiasts also globally celebrated the accuracy of US election prediction markets. Users were given the chance to bet on election results using crypto, and some advocates say that these predictions proved to be more reliable than polls.
They channelled the collective wisdom of people integrated into the crypto gambling world, so it is no surprise to see that for weeks, all prediction markets were far more favorable towards Donald Trump.
Start Your Crypto Gambling Journey Now
The results of the US elections seem pretty obvious when the crypto-gambling world is in question. Based on all parameters, we can fully expect a significant surge of crypto gambling activities all around the world, especially in the US.
So, excited to start your new and more rewarding crypto-gambling endeavor? If so, you are right where you need to be! Register at Cryptorush Casino now, place bets with all the most popular cryptocurrencies, and claim the most rewarding bonuses on the market, which can significantly boost your bankroll and prolong your gameplay.
FAQ
What does the Trump victory mean for the crypto gambling market?
Since Donald Trump has voiced his support for the development of the entire crypto industry, we can fully expect crypto gambling operators such as Cryptorush to flourish. Cryptocurrencies themselves may become more stable over time, which will surely benefit crypto casino players.
Why should I play at crypto casinos like Cryptorush?
Playing at crypto gambling operators allows you to enjoy unprecedented benefits, such as faster transactions, anonymous gameplay, and low-fee payments—features not previously seen in fiat currencies.
How can I start playing at crypto casinos?
First off, you need to get your hands on a crypto asset from a prominent exchange platform. Then, simply register at Cryptorush without going through a KYC process, make your first deposit, claim the welcome bonus and that’s it—the incredible world of crypto casino gambling opens up to you!
