Individuals who utilize cryptocurrency are recognized for their active participation in a wide range of gambling activities. Whether they are placing bets on trending meme coins or speculating on regulatory outcomes, such as the approval of a Bitcoin ETF, members of the crypto community are frequently involved in high-risk wagers. A notable example occurred on January 11, when users of the Polymarket platform collectively wagered a staggering $12 million on the potential approval of spot Bitcoin ETFs.