Paysafe Just Added Crypto Payments to US iGaming — What It Means for Depositing at Online Sportsbooks and Casinos

Paysafe announced the launch of Pay with Crypto on April 7, adding stablecoins and major cryptocurrencies to its payment gateway for US iGaming operators and daily fantasy sports brands. The new product is powered by MoonPay, a global crypto payments infrastructure company with more than 30 million customers and regulatory licenses across the United States and European Union. For bettors who have been looking for faster deposit options at licensed sportsbooks and online casinos, the announcement is one of the more concrete developments in the crypto-meets-regulated-gambling space in recent memory.

The practical impact: players at iGaming brands that have integrated Paysafe’s gateway can now select Pay with Crypto at the cashier, connect their cryptocurrency or stablecoin wallet, and fund their account — with the transaction converting to US dollars for play. No wire transfers. No waiting periods. No navigating between platforms.

How Pay with Crypto Actually Works

The mechanics are straightforward. A player selects Pay with Crypto at the cashier of a participating iGaming brand, chooses their preferred cryptocurrency or stablecoin — including USD Coin (USDC) and other major assets — and connects their crypto wallet. MoonPay’s Commerce Checkouts technology processes the transaction, including QR code support for mobile users. Once verified, the deposit converts to US dollars instantly and funds the player account. The crypto never sits inside the gaming operator’s system as crypto; it converts at the point of transaction.

On the operator side, Paysafe has built in settlement flexibility. Operators can choose to receive payments in stablecoins settled almost instantly into their business’s crypto wallet, or receive US dollars or other fiat currency through MoonPay’s Virtual Accounts powered by Iron. That dual settlement option gives operators control over their treasury exposure to crypto volatility without requiring them to adopt full cryptocurrency accounting infrastructure.

The integration sits within Paysafe’s existing iGaming Gateway, which already supports card payments, the Skrill digital wallet, PaysafeCash eCash, Pay by Bank, and more than 30 local payment methods. Operators already using the Paysafe Gateway can add Pay with Crypto through a single integration update rather than building a separate crypto payment pipeline.

Why This Matters for Bettors

The practical value proposition for bettors is primarily about speed and friction reduction. Credit card deposits at licensed US sportsbooks are frequently declined by card issuers who flag gambling-related transactions. Wire transfers work but take days and require deliberate setup. ACH bank transfers are common but involve processing delays. Cryptocurrency transactions — particularly stablecoin transfers — can settle in seconds and are not subject to the card network policies that generate declines at the processing stage.

Paysafe’s own research indicates that 83 percent of US iGaming players have appetite for crypto payment options. With approximately 70.4 million American adults owning cryptocurrency according to recent survey data, the potential user base is substantial. The question has never been whether demand exists — it is whether the regulatory and compliance infrastructure at licensed operators could support crypto payments in a way that satisfied gaming regulators. The MoonPay partnership addresses that by converting crypto to dollars at the point of transaction, keeping licensed operators operating within their existing dollar-denominated compliance frameworks.

What’s Actually Supported — and What Isn’t

Pay with Crypto supports USDC and other stablecoins, as well as major cryptocurrencies. Paysafe and MoonPay have not published a comprehensive list of every supported asset, and availability will vary by operator and by state regulatory approval. Stablecoins like USDC are the most practical option for most bettors — they eliminate the price volatility of depositing in Bitcoin or Ethereum, where the value of the deposit could change between the moment of transaction and the moment it clears.

The product is being launched for the US iGaming and DFS market, which means it applies to licensed sportsbooks, online casinos, and daily fantasy sports platforms that use the Paysafe Gateway. Not every operator uses Paysafe — DraftKings and FanDuel have their own payment infrastructure — so availability will depend on which operators have integrated the gateway. As more operators add the option, the practical reach of Pay with Crypto should expand over the course of 2026.

The Bigger Picture: Crypto and Licensed Gambling

The regulated US gambling industry has been cautious about cryptocurrency for years, primarily because of compliance concerns around anti-money laundering and know-your-customer requirements. Crypto-native gambling sites operating offshore have offered crypto deposits for years without those restrictions — and without state gaming licenses. The challenge for licensed operators has been satisfying regulators that crypto payments can be implemented in a compliant, auditable way.

MoonPay’s regulatory infrastructure — which includes a New York BitLicense, a New York Limited Purpose Trust Charter, and money transmitter licenses across the US, plus MiCA authorization in the EU — provides the compliance scaffolding that makes Paysafe’s product viable for licensed operators. That regulatory depth is what separates Pay with Crypto from the offshore crypto betting alternatives that regulators have been warning players about for years.

For bettors at licensed sportsbooks and online casinos who have been frustrated by declined cards and slow bank transfers, Pay with Crypto represents a meaningful addition to the depositing toolkit — provided their operator of choice adopts it. The infrastructure is now in place. Adoption speed will determine how quickly this becomes a mainstream deposit option across the regulated US iGaming market.