Articles Tagged with reckless spending

North Carolina will soon decide whether to make gambling on sports legal. There are two bills, one in the North Carolina House, the other in the Senate. House Bill 631 of the 2021 Session is a bill to authorize and regulate sports wagering. Senate Bill 688 looks to be a mirror of the House Bill. In short, these bills would make wagering on professional sports legal in North Carolina. The operators of any sports betting business will be allowed to utilize cryptocurrencies as wagers or payments, meaning consumers can deposit cryptos in their accounts. The bills will define these cryptos as “cash equivalents.” These are assets convertible to cash for use in connection with authorized sports wagering. The legislation’s inclusion of cryptocurrencies is easily the most interesting element. The use of these virtual currencies could propel the value and usefulness of the payment medium even further. Continue reading →