Gambling with Solana: Legal stance
As for the legality of gambling with Solana, there isn't a specific set of rules just for crypto gambling. In the EU, each member state handles online gambling regulations independently, and many of them allow different types of online gaming.
Cryptocurrencies such as Solana are typically seen as legal across the EU, with the European Central Bank recognizing them as decentralized virtual currencies that can be exchanged.
For example, in countries like Estonia, Germany, Finland, and Denmark, using cryptocurrency for online gambling requires a casino to obtain a special license from local regulators (Danish Gambling Authority, for example).
The legal status of Solana gambling in the US can be a bit confusing. There’s no specific federal law about crypto gambling, but each state has its own rules for online gambling.
In some states like Connecticut, Michigan, New Jersey, Pennsylvania, and West Virginia, online gambling is completely legal. Other states, like Oregon and Indiana, allow online sports betting only.
So, whether crypto gambling is allowed in a specific EU or US country depends on its own rules. If a member state permits online gambling, operators usually have no problem accepting bets and paying out winnings in cryptocurrency.
Whether crypto gambling is allowed in a specific EU or US country depends on its own rules.