i3 - July/August 2018 - 23
sports betting sites like Sportsbetting.ag
and BetOnline.com accept cryptocurrency
as payment. After all, there's a new class of
wealthy cryptocurrency owners looking to play with
their tokens, and gambling sites are more than happy to
accept their virtual money.
The recent repeal of the Professional and Amateur Sports
Protection Act of 1992 (PASPA) in the U.S. has opened the door to
legalized gambling on a state-by-state basis with New Jersey already
officially in the game. By 2019, as many as 20 states will offer legal
sports betting, which also paves the way for cryptocurrency gambling. This area is sure to see solid global growth in the coming years.
FANTASY CRYPTOCURRENCY
When it comes to daily fantasy sports, more than 59.3 million
Americans played last year, according to the Fantasy Sports Trade
Association. A recent report from Eilers & Krejcik Gaming forecasts
O
RENCY
ESPORTS
SPORTS &
BY JOHN GAUDIOSI
$3.3 billion in entry fees and $330 million in revenues in 2018
across all of the traditional sports.
Now, companies are beginning to combine blockchain technology with the fantasy sport leagues. Protoblock, for example,
uses real NFL statistics within its network to offer a new way to
play across Windows/Mac desktops and mobile devices. By providing cryptocurrency based on the player's ability to predict
NFL stats, Protoblock offers a novel, high-tech experience for
fantasy fans to measure their skills. It's also free to join and has
its own currency: FantasyBits.
"Fantasy football players are finally getting rewarded for their
skills, having acquired them over the past 20 years," says Jay Berg,
founder and core developer of the Protoblock system. "Not only
did we eliminate fees, fraud and government censorship, our
blockchain takes this one step farther, by eliminating
the need to bet or risk anything."
C TA . t e c h / i 3
JULY/AUGUST 2018
23
http://www.Sportsbetting.ag
http://www.BetOnline.com
i3 - July/August 2018
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