Last updated on: September 28th, 2023
Legal Cardano Sportsbooks
Legal Cardano sports betting sites in the US are becoming more common as ADA, a cryptocurrency developed by the co-founder of Ethereum, becomes more popular. Many of the best legal sportsbooks that accept Cardano take players, while some do not. These legal sports betting sites that do take the popular cryptocurrency are among the most widely used in the United States. This makes it very easy for players in the US to utilize sportsbooks taking ADA in 2023.
Legal Sports Betting Sites That Take ADA
When it comes to using ADA to bet on sports, there are two main methods. The first is to simply find legal online sportsbooks that accept ADA straight up, such as BetOnline or SportsBetting. The second is to convert your ADA into another cryptocurrency and use it at a sportsbook like Bovada via a cryptocurrency exchange.
BetOnline became one of the first sports betting Cardano sites. One of the most crypto-focused online sportsbooks and casinos around, BetOnline accepts more than a dozen cryptocurrencies, including ADA. This allows you to simply use ADA to sign up and deposit at BetOnline, and you can even access their cryptocurrency bonuses – which apply both to first deposits and to account reloads – when doing so.
- User-friendly Layout
- Current NFL Events Props
- Wide Futures Selection
- Game Breakdowns On Bets
- Advanced Live Betting
SportsBetting is joined at the hip with BetOnline when it comes to cryptocurrency adoption, and as such they are another sportsbook that easily accepts ADA with no issues. SportsBetting has shown no desire to roll back any of the crypto acceptance that it does, although they do have a policy of making sure that if you want to withdraw in crypto, you have to deposit in crypto. This means that when you deposit with ADA, you also have to withdraw in ADA – you can’t use the sportsbook as a crypto exchange.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Is It Legal To Use A Sportsbook That Accepts Cardano?
Yes. Sportsbooks that accept Cardano and accept players from the US are overwhelmingly located outside of the US. This is because the only state that approved local sportsbooks to accept crypto is Wyoming. In other states, there are no cryptocurrency sports betting laws. This means the sportsbooks that use ADA as one of their sports betting deposit methods are outside of US, but still usable and legal.
ADA Sports Betting Deposit, Withdrawal Limits
Like any other sportsbook deposit methods, legal ADA sportsbooks have deposit and withdrawal limits. These will change depending on the sportsbook, but they are generally far more than the deposit and withdrawal limits that are available on non-cryptocurrency options. The largest benefit for fast sports betting payouts when using Cardano is they come with no fees.
Cardano Sports Betting Deposit Info
|BetOnline||$20||$100,000||No Fees||2 Hours|
|SportsBetting||$20||$100,000||No Fees||2 Hours|
Cardano Sports Betting Withdrawal Info
|BetOnline||$20||$100,000.00||No Fees||Up To 48 Hours|
|SportsBetting||$20||$100,000.00||No Fees||Up To 48 Hours|
Do Sportsbooks Offer Cardano Bonuses?
Sportsbooks bonuses for Cardano are offered around the world, although they mostly fall under generalized cryptocurrency bonuses and not specific bonuses for ADA. Below is a chart of several legal sportsbook bonuses in the US that you can use when looking for a Cardano sports betting promo. Keep the rollover requirements on them in mind before you apply the Cardano bonus to your account – you have to play through the value of the bonus that many times in order to actually realize it.
ADA Sportsbook Bonuses
|Sportsbook||Bonus Name||Bonus Code||Percent Of Bonus|
|BetOnline||Crypto Reload Bonus||CRYPTO35||35%|
|BetOnline||1st Time Crypto Bonus||CRYPTO100||100%|
|BetOnline||1st Time Crypto Bonus||CRYPTO100||100%|
|BetOnline||Crypto Boost||Opt-In toggle at deposit screen||5%|
|SportsBetting||Crypto Reload Bonus||35CRYPTO||35%|
|SportsBetting||Crypto Boost||Opt-In toggle at deposit screen||5%|
|SportsBetting||1st Time Crypto Bonus||100CRYPTO||100%|
How To Bet On Sports With Cardano
The first step when signing up at a legal Cardano betting site is to open a cryptocurrency wallet using one of many apps. Make sure the wallet you select accepts ADA. Keep your password/key phrase safe. Purchase ADA on a cryptocurrency exchange, and enter your wallet address as where it should be sent. Now that you have ADA in your wallet, you visit the sportsbook of your choice that accepts ADA, and begin the deposit process. Make sure to apply all the sportsbook bonuses you want. Finish the deposit process by entering the amount you would wish to deposit, and your wallet address that has your Cardano in it.
Benefits Of Betting On Sports With ADA
- Easy access to deposits and withdrawals
- Bigger bonuses than non-crypto methods
- Both deposits and withdrawals are faster
- Accepted at many, but not all, sportsbooks
Drawbacks Of Using Cardano To Bet On Sports
- Price can be volatile, which requires quick conversions
- Not accepted at all online sportsbooks
- Not accepted at any US state-based sportsbooks
Other Cryptos That Legal Online Sportsbooks Take
Cardano is not the only crypto that is accepted at US sportsbooks. Many legal Cardano sports betting sites accept plenty of other cryptocurrencies as well.
Best ADA Wallets And Exchanges
Cardano recommends two wallets specifically – Shelley Daedalus and Yoroi. These wallets are not only able to use Cardano easily, they also fully support staking Cardano, an advanced cryptocurrency user method that can result in rewards and decent yields. Shelley Daedalus is a full-node wallet, while Yoroi is a browser-based wallet.
Is Betting With Cardano Safe?
The legal sportsbooks taking ADA on this page have proven to be trustworthy and safe for Americans. There are risks to using crypto in terms of the value of the crypto plummeting, but these risks are usually able to be mitigated by not withdrawing during times of huge fluctuation, and by quickly transferring your Cardano back into US dollars once it is withdrawn if you are worried about potential downside risk. Of course, there’s upside here too – Cardano could increase in value rather than decrease.
Staking Cardano is effectively a method of investment via the Cardano blockchain, and it’s backed by Cardano itself. The upside of doing so is that it can increase the value of your Cardano holdings, while the downside is that all rewards are purely in the form of ADA, so their value is inherently tied to the price of ADA. There are two main ADA wallets that support their stake pool protocol, Shelley Daedalus and Yoroi. This is an advanced cryptocurrency user maneuver, so please make sure to research it carefully.