Best Crypto UFC Betting Sites

Best Crypto UFC Betting Sites for 2024

We reviewed 20+ top crypto betting sites for UFC fans, concentrating on important aspects such as recent betting activity, liquidity, asset diversity across multiple blockchains, platform tokenomics, bettor returns, and security. A vital component of our evaluation was ensuring that the sites comply with the Curacao (eGaming) Master License, providing users with a safe and reliable betting experience.

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1. Rollbit

Rollbit is the best overall crypto sportsbook for UFC betting for 2024. The platform is known for its compliance and security, with licenses from both the Curacao and Cyprus governments. Rollbit offers an engaging betting experience, particularly for UFC fans, with an intuitive and user-friendly interface. Besides UFC, Rollbit extends its coverage to other major MMA promotions like Bellator and the PFL, showcasing its versatility. Rollbit offers reduced fees for frequent traders to promote its $RLB token.

With support for various cryptocurrencies and futures trading up to 1000x, Rollbit simplifies the signup process by not requiring KYC information, attracting over a million monthly active users. Despite regulatory challenges, Rollbit maintains a secure environment under its current licenses. Its comprehensive sportsbook covers a wide range of sports and esports, offering competitive betting options for events from the NFL to esports.

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2. Stake

Stake is a top alternative to Rollbit for UFC betting because of its diverse wagering options, including UFC, boxing, and other MMA events like Bellator. The site has a user-friendly interface, competitive odds, and low transaction fees. Stake supports multiple cryptocurrencies, appealing to a wide audience. Based in Curacao, the betting website has processed 45 billion sports gaming bets in three years, gaining recognition for its expansive sportsbook.

Stake.com expanded to the UK in 2021 with TGP Europe and entered the US market in 2022 under Stake.us. As a principal sponsor of the UFC, Stake is the official sponsor partner in Asia, boosting UFC's exposure through exclusive promotions, VIP experiences, and content featuring fighters. UFC champion Israel Adesanya is Stake's first brand ambassador, enhancing its other sponsorships, such as Premier League club Everton and its venture into Formula 1 with the Stake F1 Team.

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3. Polymarket

Polymarket is the leading crypto platform for betting on real-life events and might gain popularity for UFC-specific bets very soon. With a trading volume exceeding $1.12 billion, it is a central figure in crypto culture, often mentioned for its odds on events like U.S. elections and crypto ETF approvals. In its sports section, users can bet on combat sports like UFC and MMA and major events such as the 2024 Olympics. This variety makes Polymarket a versatile choice for bettors interested in global events.

As a decentralized prediction market, Polymarket is supported by investors such as Ethereum co-founder Vitalik Buterin, raising $70 million across two funding rounds. It uses Ethereum and Polygon blockchains with smart contracts to ensure transparent speculation in real time. Polymarket complies with regulations in many areas but faced challenges with the US CFTC in 2022, leading to a $1.4 million settlement and some restrictions for United States citizens.

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4. Dexsport

Dexsport is great due to how it uses blockchain for Web3 UFC betting. Multi-chain composability is what makes Dexsport interesting as it offers complete transparency, making it a top choice for onchain UFC betting. The betting protocol supports a wide array of crypto tokens across so many networks, including Ethereum, BNB Chain, Tron, Arbitrum, Polygon, and more. Users can seamlessly conduct transactions with their preferred digital assets while staying anonymous thanks to DeFi.

Dexsport's unique selling proposition is its focus on decentralization and privacy. By recording each transaction across multiple blockchains, the platform assures users of an added layer of trust not commonly found in traditional betting platforms. Dexsport aims to eliminate the need for KYC verification, giving complete anonymity and a user-first experience for both crypto OGs and newcomers. By maintaining a secure yet accessible interface Dexsport is a compelling UFC-betting option.

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5. Cloudbet

Cloudbet concludes our list of top crypto UFC betting sites as a solid alternative to other platforms. It supports 28 different crypto coins. Cloudbet implements robust security measures, including 2FA and SSL encryption, to protect accounts. New users can also benefit from a 100% welcome match deposit bonus which is better than many competitors. The betting host operates under a Curacao eGaming license and may request KYC verification upon registration, which might not be ideal for some people.

Owned by Halcyon Super Holdings BV, Cloudbet is based in Curacao and focuses on making crypto gambling accessible but also appealing. It offers a comprehensive range of sports betting options, featuring a popular section that highlights key sports like soccer (football, sorry), tennis, NFL, basketball, baseball, MMA, and virtual sports. This broad selection ensures that Cloudbet caters to diverse betting interests, making it an excellent overall alternative for crypto sports bettors.

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What are the Fees to Bet on UFC?

The fee structure for crypto UFC betting varies depending on the website chosen by the user. Reputable crypto betting platforms like Rollbit and Stake often provide fee-free transactions for deposits and withdrawals. However, some platforms may have a variable fee structure for these transactions.

Typically, these fees are lower than those of traditional markets, but they can fluctuate based on the specific cryptocurrency used (welcome to crypto). For example, Bitcoin and Ethereum transactions might incur higher fees due to network costs, whereas transactions with stablecoins like USDC or USDT are usually more affordable, often costing less than a dollar.

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Who Regulates the UFC Betting Market in Crypto?

The regulatory framework for the crypto betting market is complex and varies greatly depending on both the user's location and the base of operations of the betting platform. In regions with established gambling laws, many platforms obtain gaming licenses from recognized authorities, such as the Gaming Control Board Curacao, which oversees major operators like Rollbit.

Globally, the regulation of crypto is still unclear, creating a diverse and sometimes ambiguous legal environment. Surely, we recently got Bitcoin and Ethereum ETFs but that isn't enough for more exotic DeFi options like UFC betting onchain. This variability requires bettors to be knowledgeable about the regulations specific to their region.

Lastly, some aspects of crypto betting may intersect with financial regulators, such as the Financial Conduct Authority in the UK or the Securities and Exchange Commission (SEC) in the US.

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How is Crypto UFC Betting Taxed?

Crypto UFC betting is a form of crypto gambling, and its taxation varies by country. In some places, it might even be illegal, affecting tax obligations. In the United States, winnings from crypto UFC betting are taxable income and must be reported to the IRS (typically using Form 1040). In Australia, such winnings are generally not taxed unless you are a professional gambler.

In the UK, gambling winnings are usually tax-free for recreational bettors, provided the platform is licensed locally. Some countries offer a 0% tax rate on gambling, but only if the broker complies with local regulations. Therefore, understanding local tax laws is crucial for those engaging in crypto UFC betting, and of course, a consultation with an accountant is always necessary.

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Bottom Line

This guide offers a thorough analysis of the top platforms for UFC betting with cryptocurrencies. Each platform, from Rollbit to Dexsport, individualizes itself with unique features, strong security measures, and adherence to regulatory standards like the Curacao eGaming Master License.

When choosing a platform for crypto UFC betting, bettors should consider factors such as fee structures, market diversity, and platform reliability. Additionally, it's important to stay informed about the current regulation of crypto betting and conduct due diligence based on individual geographic regions.