BetOpenly

**Optional** · 10-29-21, 10:55 AM

Interesting terms.

Looks like they are trying to do an Uber style move to bulldoze past regulation.

Be interesting to see if the we only sell and buy tokens and the betting does not involve us angle will work.

Much liquidity there yet?

**Crusherrr** · 10-29-21, 11:55 AM

Originally posted by Optional

Interesting terms.

Looks like they are trying to do an Uber style move to bulldoze past regulation.

Be interesting to see if the we only sell and buy tokens and the betting does not involve us angle will work.

Much liquidity there yet?

I posted $200 bets on NBA just trying it out yesterday and they were both filled in a few minutes. Not much going on just yet but today I'm seeing some $1000 bets by others being posted.

Some REALLY good arbitrage opportunities. I counted at least a dozen lines that are 5-6c freerolls with their no vig lines betting against a low juice offshore book. Just a matter of if your entire bet will get filled or not.

**Frank** · 10-30-21, 01:14 PM

Tried signing up but they said Nevada is a blocked state.

**bookie** · 10-30-21, 03:12 PM

By U.S. law there's nothing about it being an exchange that makes it not unlawful internet gambling. Remember sports betting has not been legalized in the States, it's become the property of the state to be granted to licensees. I wish these plucky operators luck, but if it's not a scam then in time Paypal or the credit card companies will close their accounts or somebody at Draft Kings will notice and send an email to the Justice Department to seize their domain.

Crusher I only looked for a quick minute, but I didn't see anything about crypto mentioned on the site. Did you see something I didn't? I do think a crypto version of this willing to own its black market status would have a chance.

**Crusherrr** · 10-30-21, 04:05 PM

Originally posted by bookie

By U.S. law there's nothing about it being an exchange that makes it not unlawful internet gambling. Remember sports betting has not been legalized in the States, it's become the property of the state to be granted to licensees. I wish these plucky operators luck, but if it's not a scam then in time Paypal or the credit card companies will close their accounts or somebody at Draft Kings will notice and send an email to the Justice Department to seize their domain.

Crusher I only looked for a quick minute, but I didn't see anything about crypto mentioned on the site. Did you see something I didn't? I do think a crypto version of this willing to own its black market status would have a chance.

Yeah they take crypto. But it's immediately converted to USD

**5918mike** · 10-30-21, 04:41 PM

I started talking to Gino a year ago when I saw his site, nice idea but I'm in a banned state so I haven't been able to check it out.

**Optional** · 10-30-21, 04:44 PM

Originally posted by Frank

Tried signing up but they said Nevada is a blocked state.

There was 6 or 8 states not allowed in their terms.

And no one from outside USA.

**bookie** · 10-30-21, 04:58 PM

Deleted

**bookie** · 10-30-21, 04:59 PM

Originally posted by 5918mike

I started talking to Gino a year ago when I saw his site, nice idea but I'm in a banned state so I haven't been able to check it out.

Who's Gino?

**5918mike** · 10-30-21, 08:17 PM

Originally posted by bookie

Who's Gino?

The boss

**Optional** · 10-31-21, 03:42 AM

Originally posted by 5918mike

I started talking to Gino a year ago when I saw his site, nice idea but I'm in a banned state so I haven't been able to check it out.

Any insight into Gino's logic for trying this out?

Like the idea, but why go to this much trouble and then operate it from a jurisdiction where rich license holders will almost definitely fight to stop you?

**5918mike** · 10-31-21, 01:01 PM

Originally posted by Optional

Any insight into Gino's logic for trying this out?

Like the idea, but why go to this much trouble and then operate it from a jurisdiction where rich license holders will almost definitely fight to stop you?

No, I just wanted to join and try it out but I'm still waiting. I was a little surprised it wasn't talked about more around the boards and hasn't taken off a little more.

**Optional** · 10-31-21, 02:18 PM

Originally posted by 5918mike

No, I just wanted to join and try it out but I'm still waiting. I was a little surprised it wasn't talked about more around the boards and hasn't taken off a little more.

How long has it been around?

A bit limited for bet options but I guess stick to what can be graded quickly and no arguments is smart to start too.

**5918mike** · 10-31-21, 10:30 PM

I'm not sure when they launched. I was following Benderwins (Ryan Bender) on YouTube or Twitter and he was talking about them so I checked it out and saw Gino was all over social media as well. Really nice guys. I can't wait until Washington State fully opens to betting and I can start using all these US books.

**EasyTiger** · 11-01-21, 12:13 PM

Interesting.

Has anyone tried a withdrawal from them? The default payout option is snail mail which is no bueno, but "digital" options appear to be available.

**jjgold** · 11-02-21, 10:51 AM

stay away lol totally unregulated

**Crusherrr** · 11-02-21, 11:49 AM

Originally posted by jjgold

stay away lol totally unregulated

No vig. Easy money. Just keep what you bet in a day on there and I see no issues.

**KVB** · 11-02-21, 12:31 PM

What's going on here?

Are we getting any US exchanges?

Has anyone been paid by BetOpenly?

What do we know?

What's the tie to Texas?

**EasyTiger** · 11-02-21, 02:12 PM

Interesting article: https://www.usgamblingsites.com/news...in-new-jersey/

It appears that NJ threatened to shut them down in 2019, but they're still operating as of today. Of course, unsure if anyone has actually been paid by these guys?

**jjgold** · 11-02-21, 03:56 PM

**KVB** · 11-02-21, 05:17 PM

Originally posted by jjgold