Poker Players Are Enhancing Winnings by Cashing Out in Bitcoin

Nov. 19, 2020, 3:27 PM UTC

As Bitcoin continues to surge, successful online gamblers are turning into even bigger winners by requesting the cryptocurrency while cashing out from some poker websites.

Winning Poker Network, which operates sites including AmericasCardRoom.eu, has had to buy millions of dollars worth of Bitcoin a day from so-called over-the-counter trading desks in recent weeks to meet demand of exiting players, according to Chief Executive Phil Nagy.

“Right now 90-95% of our payouts are people asking for Bitcoin because it’s going up,” Nagy said from Costa Rica. “We are constantly having to go out and buy Bitcoin -- lots. Lots. More than ...

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