Why have Fiat ($) sportsbooks limited withdrawals but crypto books havent?

[DroopyDog]

They are using this corona virus as an excuse to slow down withdrawals... why? are they admitting they dont have cash on hand to pay out with deposits way down ?

bookmaker and heritage have slashed WD limits, 5d seemingly hasnt but they drag their feet and take 2-3 days even for btc exclusive accounts

meanwhile crypto sites like Stake its business as usual with instant withdrawals. Nitro also hasnt limited withdrawals

[DontTailMe]

They aren’t admitting anything. They’re just trying to make it more difficult for you to take your money and leave with no sports being played. Bitcoin books aren’t doing it because immediate payouts is their main draw.

[PD77]

That’s a very good question. Maybe crypto book know users won’t tolerate BS excuses that fiat books can get away with. Another good question is which one of the big boy fiat books is going to fall first. Out of all the books on the above banner I’ve seen the most slow pay/no pay complaints about bovada lately.

[HomeRun35]

Crypto books are more likely to be liquid. A traditional book could re-invest deposits into anything: stocks, real estate, bonds, riskier ventures. If a crypto book re-invests their deposits, their main option is to loan their coins to an exchange or investment venture for interest and most of those probably have loose terms on when they can call back their coins.

[PD77]

Another possibility is because Bitcoin is up against the dollar for the year by over $2000. If BTC crashes back down to $3000-$4000 suddenly the crypto books will start to squirm.