Legal Litecoin Gambling In The USA
Litecoin is similar to other blockchain technologies where users can buy, trade, or sell digital currency on an open source peer-to-peer network. Litecoin is not backed by any central authority, but the public blockchain produces digital records of transactions. Litecoin uses a specifically designed scrypt in its proof of work algorithm making it harder to mine, spam, and to deter denial of service attacks.
Litecoin was the first altcoin to launch in 2011 after Bitcoin went public. Today Litecoin is still going strong and is generally in the topic of conversation when altcoins are discussed. We created this guide to inform our readers how to use Litecoin to fund an online gambling site and to discuss the advantages of using the popular crypto online.
Is Litecoin Gambling Legal?
Yes, US residents can legally purchase Litecoin and use the digital currency to fund an offshore betting account. There are no federal gambling laws that prevent US citizens from accessing cryptocurrency or offshore gambling sites. Federal US gambling laws are directed at domestic operators.
Only two states, Connecticut and Washington, have enacted specific laws forbidding their residents from accessing offshore betting sites. To the best of our knowledge, no one has ever been prosecuted in those two states for using an online gambling service.
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