Most Italian cities are widely known by bettors that closely follow the prestigious Serie A league. Additionally, the first concept of a casino was also developed in 17th-century Venice. Despite these facts and the high number of Italian gamblers, casinos & sportsbooks in Italy operate under the highly bureaucratic ADM, which poses restrictions in all gambling aspects.
Crypto gambling might be the most effective way for Italian players to gain access to higher odds, valuable bonuses and the complete collection of slots from the top providers. The anonymous technical nature of cryptocurrencies truly levels the field for locals. Below you will find everything there is to know about crypto-friendly brands in Italy.
Below-average bonuses and weak promos are some of the worst aspects of ADM-compliant brands. We know that Italian players are thirsty for some juicy ones, so our team of experts made sure to list the best crypto bonuses that Italian residents can trigger. You might also want to read the respective reviews to be fully aware of what to expect.
Crypto Gambling in Italy - What should I know about it
In general, gambling in Italy was closely linked with organized crime, the infamous Mafia, mainly in the southern regions. However, this is no longer the case, especially after the end of the state monopoly in 2006 and the recent rise of online casinos & sportsbooks.
After several reforms and decrees, with the most important being 2007’s Decree of Liberalization, online gambling is considered fully legal. Nevertheless, operators that wish to operate in Italy are required to obtain a local license from the AAMS (Amministrazione autonoma dei monopoli di Stato), which is now incorporated in the ADM (Agenzia delle Dogane e dei Monopoli).
The ADM, however, like the rest of Italian public institutions, is slow and inflexible. It may take new operators up to months for simple actions in order to move forward with the launch of a new product. Additionally, already established brands are commonly required to get new games, markets and promotions approved by the ADM before they may launch. As you can understand, this means that licensed casinos & sportsbooks have a huge disadvantage compared to their unlicensed competitors.
This is the main reason why avid Italian players are always in search of new international brands that have decided not to proceed with the acquisition of the local gambling license. After all, it’s not illegal to play on such websites, however, the authorities can and will usually restrict access to similar operators. Similarly, banks and other centralized financial institutions might easily block any transactions to such non-regulated websites, meaning you can lose deposits or winnings without being able to do anything about it.
It is evidently clear that Italian crypto gambling brands hold the best of both worlds. You gain access to top-tier products without the fear of getting restricted overnight. Your capital, your decisions.
Trending Brands in Italy
No of Cryptogambling Sites
5
Top Site
Anonymous gambling sites
4
Most Secure
Provably fair casinos
2
Most Games
Instant Withdrawal Sites
5
Fastest Payout
Stablecoin gambling sites
5
Most Networks
Now that you got a basic understanding of the crypto gambling regulation topic, let’s check out the sports & casino products separately. While crypto casino action and crypto betting in Italy are usually offered by the same platforms, there are certain things you need to search in deeper, depending on your interests.
Facts on Crypto Gambling in Italy
1
There are no specific laws or regulations on crypto gambling in Italy. You need to rely on a mix of gambling laws & taxation on traditional assets.
2
Most crypto-friendly sites active in Italy will hold a Curacao-issued license. Still, this is not recognised by the ADM, but it nevertheless signifies higher reliability compared to no license at all.
3
Most casinos & sportsbooks will offer their website in Italian, but the communications with the support team will be kept in English exclusively.
4
Cryptocurrencies are the best banking option, and mobiles the preferred gambling device of most players. Search for brands that spot a native app or a mobile-friendly website.
5
Some websites might offer big Welcome Bonuses, but the terms and conditions often hide heavy rollover requirements, Always check the Bonus t&c's before triggering a promotion
Which is the best Bitcoin Casino in Italy
You are in luck, since the vast majority of the best crypto casinos accept Italian residents. And in order to find the optimal Bitcoin casino for your personal needs, you will need to proceed to extensive research. To help you out a bit, we are going to list the top casino brands for Italian gamblers according to our objective criteria. Succulent crypto bonuses, thousands of slots from the most popular studios and lighting-fast withdrawals await you, so dig in.
Get your priorities straight. What matters most is what you mainly expect from the platform. Is it a rewarding loyalty program? Multiple crypto-only wallets for different coins? A huge welcome Bonus? Or just support agents that can chat in Italian without relying on google translate? You can not expect a casino to have all these positive attributes, it’s simply unrealistic. Start with our comprehensive bitcoin gambling reviews to locate each operator’s pros & cons.
Top brands that offer Crypto Betting in Italy
Say goodbye to the bellow-average odds and boring promos of the regular Italian bookmakers. The use of cryptocurrencies will give you access to a whole new level of betting products, with hundreds of new sports markets, free bets, odds boosts and betting features. In short, crypto betting is the way to go if you consider yourself a sharp punter. There’s no excuse to at least check out some of our favourite bookies below.
International Bitcoin bookmakers may not specialize in the Serie A markets as much as pure Italian brands. If you are interested in the local matches, scrutinize the relevant markets beforehand
Many bonuses that might initially look nice in crypto betting sites, apply only for casino games. Read the t&c’s of each promo carefully.
Some of our recommendations accept crypto fan tokens of certain famous Italian clubs. If you are a true tifoso, you might want to take a look at that.
Selecting a crypto gambling platform is only the first step. After this, you need to pick a crypto exchange that will facilitate the on-ramping of Fiat funds to crypto assets. Of course, if you already own a crypto capital in private wallet(s), you may proceed immediately. If not, then you might want to check Binance, as apart from being the major global crypto exchange, it also recently received official regulatory approval from Italy’s OAM authority (Organismo Agenti e Mediatori).
Your transactions & funds will be as safe as in any other regulated financial institution. In any case, notice that a full KYC verification is in order to be able to use the company’s services, so if complete privacy is the highest priority, you need to seek alternative platforms. Whatever the choice will be, follow the steps below for depositing to crypto casinos & sportsbooks.
Step-by-Step Process
Step-by-Step Process
1
Start an account at a crypto exchange. Fund it via debit card, bank transfer or any other local option. Acquire the cryptocurrency that you are going to use as a gambling bankroll.
2
If you are not in a hurry, limit orders hold fewer fees than market orders. Sometimes, it is better to acquire the proprietary coin of the exchange first, as trading pairs with them cost less.
3
Transfer the cryptocurrency amount to your private wallet. Never make direct transactions between crypto exchanges & crypto gambling sites. Crypto exchanges may freeze such accounts.
4
Head over to the gambling site’s cashier section. Click on the relevant crypto method. The wallet’s address will appear. Copy the address and paste it into your wallet’s send function. QR code scans are commonly available too.
5
If a brand does not support crypto-only wallets, watch out for the exchange rate. Any spread above 1% of the current market rate is too much.
6
After a few seconds or minutes, your deposit will settle. This depends on the cryptocurrency and the number of block confirmations required by the operator.
Everything is clear until now. However, the question now is, will you have to pay any taxes on your crypto gambling winnings? Will an offshore Bitcoin casino ever report you to the Italian authorities? To alleviate any worries that the Guardia di Finanza will pay you a visit sooner or later, let’s head over to an overview of how crypto taxes in Italy work.
In general, Italian crypto regulation stands in a grey area. There is not yet a definitive framework for the reporting of cryptocurrencies, and authorities treat them similarly to foreign currencies. To be 100% on the safe side, you should report any crypto holdings, but know that you will have to pay taxes on any capital gains only if the total holdings surpass the amount of €51,645.69 for at least seven (7) consecutive days. Otherwise, there are no further implications with crypto taxes in Italy, at least for the time being.
Similarly, there is no official tax on crypto gambling winnings. This is because ADM-registered operators pay all the required taxes directly, and none of them passes on to the players. Technically, you should report any winnings from gambling sites non-registered to the ADM, but that will defeat the purpose of playing in offshore brands.
The utilization of anonymous wallets, decentralized exchanges, and centralized exchanges that do not require KYC are some tools you can rely on for this activity. Keep a low profile, do not materialize any funds to some bank out of thin air, and you will face no issues.
What’s the situation outside the border
In France, online gambling is highly regulated, with only a handful of locally licensed casinos and bookies active. This, combined with the friendly attitude of the authorities towards cryptocurrencies, make French Bitcoin casinos an attractive solution for gamblers in the country. And if you avoid exchanging crypto-winnings for Euros, you pretty much avoid any taxes.
Similarly, in Switzerland, online gaming is heavily regulated and limited. There are even fewer licensed online casinos available. As such, crypto gambling in Switzerland is the only viable solution for the time being. Better products, better offers and if you keep your bankroll under the radar via anonymous private wallets, no taxes.
*Keep in mind that this is meant to be a general overview of the current fiscal situation. As we are not financial advisors, contact a tax professional for your financial inquiries; errors may lead to significant losses & potential fines.
It’s pretty simple. Overregulated gambling markets, like the Italian one, eliminate any creativity and most of the healthy competition aspects of the brands involved. The lengthy processes that the ADM requires, even for the most minimal actions, keeps locally registered websites in a constant chokehold. Yes, there are a few benefits, like the blacklisting of scammers and the enhanced protection of problem gamblers, but at a considerable cost for the rest of the participants.
Cryptocurrencies, along with Bitcoin casinos and crypto sports betting sites, are the ideal tool for players that want to escape the current mediocre Italian market for something better. We are sure that our trusted recommendations will appease your requirements and give value to your gambling bankroll.
FAQs
Some of the first pure crypto games, like Satoshi Dice utilised Bitcoin blockchain transaction hashes for generating results. Nowadays, the main utilisation of blockchain technology for gambling is being the structural layer of all cryptocurrencies that gambling sites use.
Yes, although they are not yet clearly defined in the legislation, cryptocurrencies are completely legal and can be bought, used and traded.
Apart from being able to trade based on their market value, which many people consider gambling, there are many Bitcoin casinos and crypto bookmakers that support cryptos in their cashier section.
Sadly most brands do not accept PostePay, as they focus on limited Fiat international banking methods.
Check our lists above, and we are sure that you will find a casino bonus that will fit your needs. Remember, always read the terms and conditions.