The reason why cryptos like Bitcoin or Litecoin payments are instant is that they don't use banks to transact. However, with the advent of the internet, illegal bookies have taken advantage of lax or even non-existent laws in places like Antigua, Costa Rica, Latvia, and Panama to set up online sportsbooks that target American customers. [imagesource: First Coast News] Never speak ill of the dead, or so the saying goes. In this article we explore the legal status of these operations in America and how they compare with regulated websites onshore. Checking that it’s a licensed casino and the jurisdiction it’s allowed to operate in, comes next.
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