TonyBet Becomes the UK’s Second Licensed Bookmaker to Accept Bitcoin
TonyBet follows in the footsteps of NetBet, which was the first online betting site to accommodate Bitcoin payments. Their customers will be able to:
- Make payments without processing fees from TonyBet
- Enjoy faster transactions, usually instant
- Process payments in greater privacy, without a bank or governing body monitoring their activity
TonyBet is a leading online betting site, offering its members a diverse range of gambling options to suit all tastes.
The brand was launched in 2009, the brainchild of Antanas Guoga (AKA TonyG). It was based on OmniBet, which Tony G acquired in 2003 before rebranding it entirely. Tonybet sponsors their hometown Lithuania‘s national basketball team.
The enterprise gained momentum quickly, and is now one of the fastest-expanding betting businesses in the UK industry. It is in partnership with such powerful software developers as NetEnt, NYX Gaming, Evolution Gaming, and QuickSpin too.
TonyBet’s catalogue of betting services include an extensive sportsbook (with sports markets from across the globe), a live casino section, table games, and a selection of poker variations. Their innovative decision to accept Bitcoin as payment demonstrates their commitment to offering the most up-to-date service, appealing to a broader demographic.
When was Bitcoin permitted for use in the UK?
Bitcoin has only recently been permitted for use by bookmakers in the UK, after the UK Gambling Commission added it (and other cryptocurrencies) to its list of acceptable payment methods. They updated this list in October 2016 – opening the UK betting market up significantly for years to come.
TonyBet provides its members with a choice of traditional payment methods alongside Bitcoin. The UK Gambling Commission’s decision to allow cryptocurrencies as a recognised form of payment for online betting allows more and more customers to discover a radically different, more anonymous way to perform transactions online.