Best Political Crypto Betting Sites 2023: Top Sites For Politics Crypto Betting!

Introduction to Political Crypto Betting

People are always asked to keep away from politics, whether at an office or the dinner table, but it does not necessarily mean they can not make money; political betting with cryptocurrency has become increasingly popular. People started interested in this wagering type soon after Trump secured an unexpected victory in the 2016 US presidential election.

The best political crypto betting events offer every bit of fun as offered by betting on sporting events.

Here the odds are easy to access for the general public to determine which political side is most likely to win the presidential election, for example, whether it will be Joe Biden or Donald Trump. This is where opinion polls come in and give adequate information.

However, betting markets are more accurate compared to polls. Because of this, the public witnessed two of the major events – Brexit and the most popular election in 2020, the US presidential election. People do not need to yell at their TV in politics about crypto betting and get disappointed while watching the government losing or the New Hampshire primary coverage. Political cryptocurrency betting involves betting and gambling using Bitcoin in the crypto betting markets.

What Is Political Betting?

Political betting is the same as betting on sporting events, and the only difference is that the betting is on political matters. This kind of betting transition is not a hassle if the bettors are already accustomed to betting on different sports cryptocurrency games. Different political betting websites are also available online that provide knowledge and education sources to well-explain the tips for safe betting.

Political betting is not a new concept, but it has only gained more momentum in the pandemic lockdown period. There are not many best crypto sports betting sites or events to entertain the big masses of bored people. People either start playing at online casinos or bet on any sports available at the sportsbook.

Political betting allows bettors to wager on different events concerning politics. The bettor wagers on the next US president in the presidential election, Joe Biden or Donald Trump, the next UK Prime Minister, Great Britain membership referendum on Brexit, and the subsequent US governor of each state.

The odds are also present on the political event that seem somewhat a novelty for many bettors. Since the lockdown, many odds were offered on the number of times President Donald Trump says Covid in his speech.

What is Political Crypto Betting?

Political crypto betting uses crypto currency to play the same political cryptocurrency betting events mentioned above. The only difference here is that unnecessary intermediaries like e-transfers or banks for making deposits and withdrawals are removed. The bettors can bet, deposit or withdraw their winnings in crypto and the processes can be completed within minutes.

Moreover, the bettors have complete control over their funds in political crypto betting, and the cryptocurrency also offers complete anonymity of transactions. In this review, readers can learn how to bet legally on the US presidential election and other elections taking place in the world.

Is Political Crypto Betting Legal?

Legal betting on politics has baffled many bettors as one of the most intriguing niches in the gambling markets. Note that political wagers may end up getting a hefty payout if they place their bets correctly.

All forms of betting options are legal in the US. Although state-regulated sports betting has expanded exponentially across the country, currently, there are not many domestic sportsbooks that offer political cryptocurrency betting lines or odds.

No such US federal gambling laws prohibit political cryptocurrency betting at the reliable, legitimate, and reputable online sports bookie operating at the domestic sports bookie or legally outside the USA. Although these mandates are unenforced, Washington is the only state that restricts crypto betting at the international political cryptocurrency betting websites.

The irony behind betting on elections like the US presidential election and events linked with politics and politicians who attempt to outlaw crypto gambling still exists in America.

Nevertheless, it is still practical to make informed decisions and ensure that the players know the legalities around political betting.

How Does Political Crypto Betting Work?

Bettors at political cryptocurrency betting platforms use different cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, and other cryptocurrencies rather than making payments with traditional methods such as debit cards, credit cards, e-wallets, or bank transfers.

In many ways, the betting platforms operate in the same way as the other cryptocurrency gambling sites. The reason behind this is every gambler has access to a wide range of cryptocurrency casino games such as Bitcoin slots, table games, blackjack leagues, roulette games, and other Bitcoin betting games.

In most cases, the best casinos and betting games are backed by reliable and regulated software developers across multiple countries. If a bettor bets a game developed by one of the leading software providers, it makes sure that the bets are 100% fair and trustworthy after delivering a sustained testing phase.

Nevertheless, there is no need to use any KYC policy in the crypto betting platforms. Politics betting does not require KYC verification because only the crypto deposits and withdrawals are accepted and allowed by these software providers, making the betting procedures as safe and secure as possible.

Consequently, it also means that when a bettor’s account registration process with the political cryptocurrency betting site completes, the bettor must share his personal information, including the email ID and password. This is minor verification that is required at crypto political betting platforms.

Additionally, several betting platforms provide generous welcome and deposit bonus offers when the bettors complete their KYC or make their first deposit. Withdrawal of funds is also super-fast compared to traditional sports betting.

In the traditional betting platforms, usually, it takes days of invigilation and inquiry before the bettor receives his funds. No bonus amount can be withdrawn once claimed by the bettors. These casinos take about 48 hours to authorize the withdrawals once the limit request has been made after the mandatory KYC process.

Nevertheless, the bettors can start their betting with cryptocurrencies like Bitcoin at the best political betting platforms using their betting accounts. If cryptocurrencies are used to bet rather than the conventional payment methods, the withdrawal process becomes super-fast. Once the withdrawal is requested on the political betting site, the sites will autonomously authorize these transactions. This means that the digital assets will be transferred to the bettor’s private online or offline crypto wallet within a few minutes, unlike the traditional modes of payment.

Hence, all in all, earning in political betting and gambling casinos is one of the best activities a bettor can experience in the betting or gambling industry.

Tips and Tricks For Political Crypto Betting

With the rising acceptance of cryptocurrency, many political and sports betting sites have introduced cryptocurrency as a payment method. This has proved to be successful as many bettors are joining the betting sites using these crypto options.

This has only led to numerous betting sites, and the players sometimes find it quite challenging to choose the best and all-in-one crypto political betting site. This is where political crypto betting tips come to the rescue. One of the best political crypto betting guides have been mentioned below:-

Read and Examine the Reviews and Sources

One of the best ways to choose the best political betting site is to carry out thorough research, and this usually involves looking at right-inclined sources and left-inclined sources. These sources, such as the New York Times and CNN offer knowledge and info and may be drastically distinctive from other information presented by the New York Post or Fox News.

This is mainly due to the different opinions and biases on the two sides of a political aisle. The bettors must make sure that they conduct extensive research on both sides by using a range of sources that involve all kinds of perspectives, voices, and viewpoints. This helps in developing a clear big picture and being sure of the entire political issue.

Use Information on Polls Discerningly

If the bettors look at the historical background or data of a betting site, the political crypto polls may be skewed based on the source. Bettors from both sides are known to build slanted or biased polls to propagate a political narrative.

In this case, one of the best options bettors can choose to do is to be super-discerning while looking at the poll information and extracting as much valuable material as the bettor can but also find out who delivered the poll and which side was sampled or interviewed.

The next presidential election is most likely to happen in November 2024 and as of now, there is no news on the presidential candidates. However, sportsbooks recommend that they have odds for the potential election candidates and other political events.

Establish a Budget Plan

This is not only the best but also one of the most essential strategies that bettors could employ while crypto betting on politics for real-world money. It is recommended to set aside a certain predetermined amount of cash money with which the bettors will use to place their bets. Once the bettors put a cap on the amount of money they bet, it makes them comfortable with the notion of the possibility or potential of losing and that it must be the worst scenario to unfold.

This also minimizes their loss potential and enables them to move more easily away from the loss since there is nothing in betting that is unexpected. So, it is important to set aside a budget for political betting sessions!

Is Political Betting Possible With Crypto, What Cryptocurrencies Can Be Used for Political Betting?

Political betting with crypto coins has gained a bit of momentum in the global lockdown and this could be either great news or terrible news for cryptocurrencies for political betting. One of the main attributes of political crypto betting sites is that the entire betting process remains anonymous and so, users can bet anonymously and privately on politics.

Surprisingly, this potentiality allows insiders to learn and bet large amounts of money on the presidential election or vote outcome without their identities being disclosed. This feature is obviously quite enticing for many members of the parliament and it is all because of the use of cryptocurrency.

Cryptocurrency political betting allows the entire world to bet without any government or financial restrictions. Cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and almost all the other cryptocurrencies can be used in the crypto betting politics.

Types of Bets in Political Betting

One can place bets on politics in various ways at the best online sportsbooks. Betting is much more than just an accurate prediction of the political winner. Here are the different types of bets that one can expect from the best political betting sites:-

Prediction Markets

To put it in simple words, prediction markets include speculative prediction markets that ask questions about the outcomes in the future. The market is a simple yes or no market where users are free to buy or sell contracts for both the yes or no outcomes. The bettor with the correct contract receives the payouts.

The prediction markets cost a selection that ranges from 0 to 100 where 100 means that winning is 100% certain whereas 0 means it is impossible for the bettor to win. Hence, if a bettor saw the betting markets trading at around 72, it means that there is a about 72% chance of the bettor to win the bet. So, this acts as an excellent indicator for all users in the prediction markets as these recommend where the voting polls are heading.

The best way to show how a strong indicator influences the odds of a betting market, let’s look at the 2020 US presidential election. Out of 50 states, 49 won by odds except for Georgia. This was big news for the odds for parlay backers. Moreover, the odds predicted that Biden would win with around 310 electoral college votes but eventually they won with 306.

Bettors who like to trade or invest in stocks might also prefer prediction markets betting. Since prediction betting platforms base the odds on the demand and supply theories of economics, the price of a particular stock is decided by the market value of the stock at a particular point in time.

Futures Betting

Going by the name of the bet type, Futures is a type of betting where the wagers can be placed only on future events. For example, if a bettor places a wager on who will be the new president or the next US Supreme Court appointee, the bet is placed on a future event and hence, this type of betting is known as Futures.

The most exciting thing about the Futures bets is that the time span in which one places the wagers may vary significantly. Some wagers may be placed a month, a year, or three in advance or maybe a week out from the Futures event. Futures bets are offered at many political, online horse racing crypto betting, entertaining and sports betting platforms.

Political Parties Betting

As there is a 2 party system in the US, there is no doubt that placing wagers and bets on the odds within the Democratic and Republican parties are quite popular. The odds featured at different websites for the 2024 US presidential election can be illustrated:-

2024 US Presidential Election Betting Odds – Republican

• Donald Trump +250
• Donald Trump Jr +2000
• Ron DeSantis +250

2024 US Presidential Election Betting Odds – Democratic

• Joe Biden +120
• Kamala Harris +140
• Michelle Obama +2000

Political Prop Bets

Prop bets are another form of political bets based on the non-occurrences or occurrences in the world of politics. This implies that the political prop bet bettors have unlimited chances in their hands for building a wide range of wagering scenarios. For example, there is a two-party system in the USA and there is no doubt or surprise that to place wagers and bets on action occurring within the Democratic Party and the Republican Party is extraordinarily popular.

Outright markets

Political betting sites also offer a wealth of crypto outright betting markets. The most popular and common outright market betting is to select which political candidate or party wins the US presidential election.

There are several deeper outright political betting market crypto such as the next political party leader or the party which will win a particular seat or state in the elections. All of these give the bettor greater flexibility while analyzing the elections. The odds for the outright markets are usually higher than other types and its betting limits are excellent too.

Bigger rewards can be rewarded to the users by selecting a winning candidate well in advance of a particular election date. For example, the value for Kamala Harris stands at 4.35 in order to be the next US president. This value could be great only if Joe Biden decides not to run for the second term.

What Makes the Best Political Crypto Betting Sites?

The online political crypto betting sites have a particular set of advantages that bettors search for while choosing the best political crypto betting websites on the market. The biggest factors that make these sites the best have been taken into consideration in the following section:-

Legitimate and Legal

Every betting site, be it entertainment crypto betting, political, horse racing, or sports betting sites, should be a valid license by a well-known, reputable and legitimate gambling and betting authority in a regulated jurisdiction.

Bettors from the United States can legally use these betting sites anytime they want since they are legitimate. The political wagers and bets are accepted by every sportsbook and this makes the political betting crypto scene entirely legitimate, legal and valid.

Since cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and other cryptocurrencies are legal in many countries, betting sites that use cryptocurrencies like Bitcoin as a form of payment method is also legal. When a bettor adds Bitcoin into the betting mix, it is only understandable that the gambling enthusiast in the United States, most of the time, are not sure as to where they stand on legal terms.

With the UIGEA coming into effect in the USA in 2006, they stated that every credit card firm or a bank will not be allowed to force through transactions linked to online gambling and betting. These firms can only facilitate the transactions of the bettors for online gambling or betting if the country has particularly legalized online betting.

Betting Opportunities

Checking the betting opportunities offered at a particular political cryptocurrency betting site is by far the most essential criteria to look for. Every site offers a wide range of best odds and lines for betting options that cover a variety of political cryptocurrency betting events and scenarios. It is a rare sight to see a bettor falling short of irons in the fire if they choose the best betting site and place bets wisely.

Moreover, political bettors have full freedom to study the betting landscape, decide the numbers and make an informed decision about the accurate prediction of the election result or outcome of the event and they can argue or debate about this with peers and gain utmost satisfaction when they are proven right.

On the other hand, bettors can choose their emotions and back their favorite candidates no matter what, to make the betting game more exciting.

This particular feature is also present in sports betting, however, in political cryptocurrency betting, this gives betting opportunities to those who are not into sports such as the political junkies and intellectuals, a chance to bet or play on something.

Unlike sports betting or casino gambling, political cryptocurrency betting offers additional power to the bettors to influence the betting result or outcome of an election they are betting on. By donating, campaigning, voting, or betting, the odds are affected. In reality, political betting is the greatest motivation for most bettors to at least place their votes.

Bonuses and Promotions

Most of the political cryptocurrency betting sites offer generous real-world money bonuses and promotions to their bettors who can use them to increase their bankroll. The bonuses at political cryptocurrency betting sites include welcome bonuses, deposit bonus offers, reload bonuses, and many more.

Popular betting sites also give out massive initial sign-up or registration bonuses and promotions for their regular customers. The top cryptocurrency political betting sites accept Bitcoin and other cryptocurrencies and they act as one of the fastest payment methods. The transactions using cryptocurrencies are cheap and instant and do not require any third party for the process to complete.

This is the main reason why bettors at political betting platforms using crypot, receive bonuses that are usually better and bigger than the basic welcome offers offered in most places.

Bonuses and promotions are a great way of keeping bettors and gamblers engaged and enthralled at the gambling and betting sites for a longer time. Players get to have lots of fun starting with their journey at the best Bitcoin political betting sites that have even more promotions and bonuses available. Here are the types of bonuses that many sites offer:–

Reload Bonuses

Reload bonuses are offered at almost all the popular political and sports betting sites that have Bitcoin as one of their payment options. This type of bonus is granted to bettors when they deposit more and more money at their casino or betting accounts.

Bitcoin Boosts

Though Bitcoin boosts are less popular compared to other types of bonuses, some Bitcoin online sports betting sites offer an additional boost on the bettor’s deposits if they select Bitcoin as a payment option.

Cryptocurrency Rewards

Many sportsbooks have a cryptocurrency rewards program along with loyalty deals offered to website users. The betting sites that accept Bitcoin always try to improve their betting service and offer additional incentives as much as possible to those clients who use cryptocurrencies. This is done to encourage bettors to use cryptocurrencies like Bitcoin as a form of payment.

Flexible Banking

The leading political and real money sportsbooks not only provide tons of action through prop bets and futures bets but also offer the bettors the greatest flexibility in the fields of deposits, withdrawals, and payouts. Banking, though belongs to one of the traditional payment options, is the most convenient option provided to the players.

Every political betting site gives several options to deposit funds and to collect payouts. Cryptocurrencies and credit cards are the most popular payment options. However, there is a list of greater ancillary options such as the Person 2 Person, money orders, bank transfers, wire transfers, eCheck, Book to Book, and many more. In most of the payment options mentioned here, do not charge any fees while depositing money or collection payouts.

While choosing a betting site, players need to look for safe and secure payment methods without worrying about the safety and privacy of their personal data or information being leaked. This is one major point why betting sites should provide the highest banking security level.

Mobile Connectivity and Compatibility

Every gambling site with crypto political cryptocurrency betting odds offers its clients the ceaseless enjoyment of being on-the-go political cryptocurrency betting since the sites are entirely compatible with multiple mobile devices. Bettors can use their smartphone browsers to visit and bet from their chosen betting sites. In addition, they can also download and install a preferred sportsbook or betting app directly on their smartphones.

Almost all the sites and apps are compatible with iOS, Windows, iPad, Blackberry, and Android devices. The betting apps offer an excellent mobile betting experience with an enjoyable and attractive user interface that offers excellent navigation and handling.

Deposit and Withdrawals

While choosing the best crypto betting sites, it is also important to check the deposits and withdrawal options and check if the sites allow the bettors to remain anonymous while they deposit funds with a particular bookmaker. The only data sent with the deposits is the client’s financial funds, but the client’s personal details or the account details are not sent.

This feature means that the betting sites maintain the complete anonymity of the players while betting or gambling online. And only cryptocurrency like Bitcoin allows the bettors to do this with the best crypto political betting sites.

The deposits at the crypto political betting sites are free and fast. Other options of payment take quite some time to process whereas payments made with cryptocurrency send the money quickly and the crypto funds are immediately available for the bettors to bet with. It is also essential to note that deposits are made free of any fees only when the bettors use to bet with Bitcoins whereas other options charge heft fees while converting currencies.

Coming to withdrawals, these are also easy to make using cryptocurrency bite sites. Conventional bookmakers mostly use traditional payment options while giving out funds to the bettors and they usually take a processing time to complete the withdrawals. Compared to other options, cryptocurrency withdrawals are done instantly. All the bettors have to wait for is to get the approval of their bookmakers and give time to send the money to the bettor. However, this does not take too long.

Note that crypto deposits have no fees but the withdrawal of funds using crypto coins usually comes with a transaction fee, though it is an insignificant amount and typically smaller than conversion fees charged at other options of payment.

Banking Methods

The political crypto betting sites accept several kinds of payment options. Bettors can fund their accounts with MasterCard, Visa, AMEX, credit/debit cards, e-wallets like Skrill, PayPal, and Neteller, and cryptocurrencies, for example, Bitcoin, Bitcoin Cash, and Litecoin.

Fast Payout

No bettor wants to experience slow payouts! The best political cryptocurrency betting sites undoubtedly are popular for their fast payouts, especially if the bettors use cryptocurrencies. The payouts are processed within 24 to 48 hours, depending on the operator’s network.

The payout terms and speed matter when the bettor cashes out his winnings. Betting sites with super-fast withdrawals allow more players to win big prizes with a cryptocurrency political bet, so that they can cash out their winnings right away and transform them back to something more stable or invest the winnings to make more bets.

This is an advantage especially if the value of cryptocurrency is fluctuating, so the bettors can cash out stable or fiat currency when the value is high. Note that certain Bitcoin political cryptocurrency betting sites may add a cap on the maximum weekly, monthly or daily withdrawals.

In such cases, and if the chosen cryptocurrency sportsbook is reliable, the bettor can sit back and relax and withdraw his maximum amount every week till all his winnings are completely withdrawn.

Customer Support

Professional and helpful customer support is a must. Every betting site boasts its ability in handling issues and problems quickly and in this way, it reaches its highest level of professionalism and cordiality. Bettors should be able to get in touch with the customer support team 24*7 either through live chats, email, generic contact number, or a toll-free number.

The way a betting or gambling site treats its bettors determines the quality of the customer support team of that particular site. If anything goes wrong during the betting process or with a client’s account, there should be someone who will take care of the problem right away.

Future of Political Crypto Betting

The rising popularity of political cryptocurrency betting has skyrocketed ever since its modest beginnings and there is a simple reason for this. Nowadays, people can gamble or bet in the comfort of their homes. All they have to do is enter a virtual political cryptocurrency betting site or best crypto casinos, select countless betting events that fit their taste, and bet as much as they want and whenever they want. Political, entertainment, casino games, sports betting, and many more opportunities are available for every kind of bettor.

Starting from the games based on skills to those with outrageous odds and astounding payouts, online betting speaks for itself. However, even though the future of political crypto betting is shining brighter than the sun, there are many downsides that have recently emerged for the bettors. There are three major issues concerning political crypto betting and they are:-

Legal Hurdles

For many bettors at the traditional online betting sites, there are several potential issues they face based on where they reside. Based on the player’s nationality and residence, they are allowed to participate and if they participate at any betting site illegally, all their winnings might be confiscated depending on the jurisdiction.

Security Risks

Online political betting sites are plentiful and hence, the level of security may also vary significantly. Note that fraudsters and hackers love targeting betting sites since the possible payoff from stealing a player’s identity, information and money can be very lucrative.

Betting Site Fraud

Although the problem of security can be quite concerning if it is not managed correctly, it may be even scarier if the political cryptocurrency betting site tries to rip the player off. Such frauds may happen in several ways. In the case of a traditional betting site, setting up a legit platform is comparatively easy, there the players choose a betting platform, deposit their cash and that is all! But if the cryptocurrency betting websites are not regulated, the money may get lost in the way and can never be retrieved.

Political Crypto Betting: Conclusion

The best political crypto betting platforms have grown significantly in terms of popularity in the last 2 to 3 years with massive events like who will win the next US presidential election, Joe Biden or Donald Trump, Great Britain membership referendum on Brexit being great examples of biggest political events in decades. Hence, it is important to select the best political gambling site that offers the best odds, reliability, responsive customer care support, various political election events, and many more.

In political cryptocurrency betting websites, the bettors try to forecast an election outcome and result by polling experts, bookmakers, companies, and financial betting markets on political crypto betting sites that the remaining side would win. In-play betting has become the real focus for many sportsbooks with various news coverage that allow bettors to bet on a specific event or elections, for example, the number of states in a US election.

FAQs

How Does Betting on Politics Differ From Sports Betting?

Politics betting is not entirely different from sports betting. The only difference is that political betting involves bets made on politics and political events whereas sports betting is offered on different sports events.

Is Political Betting Ethical?

Yes, since betting has no impact on the outcome of the election, it can be called ethical. The players win only if their prediction matches the election result or outcome. Hence, betting on the odds of who will win the presidential elections is not at all unethical.