Why not actually gamble? For $1200/year you can have a couple fun trips to Reno (or somewhere else that isn't Las Vegas, which is way too expensive to be a low-stakes gambler). No legal or tax ambiguities unlike cryptocurrencies, free drinks and other comps -- its not a bad way to spend money you can "afford to lose".
I'm in the UK and I don't really find casino-style gambling fun, plus it's all over pretty quick. I agree there are plenty of ways to spend 'afford to lose' money, but I'm a geek and cryptocurrency piques my interest.
