Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/sponsored/betting-market-opportunity-perfect-niche-blockchain-cryptocurrency/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

Betting Market Opportunity - a Perfect Niche for Blockchain and Cryptocurrency
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Betting Market Opportunity – a Perfect Niche for Blockchain and Cryptocurrency

NewsBTC
NewsBTC
7 years ago
5 mins read
marginless

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Sports betting market, in general, is massive. According to different reports, there are over a trillion USD worth of bets placed annually. In 2016 alone, legal sports betting profits are estimated to be at over 70 billion dollars and this figure is set to reach 90 billion dollars this year. Different kinds of ICO’s (Initial Coin Offerings) are bringing worldwide competition to the betting market, leaving regular gambling organizations in a fear of losing clients. Having all of this in mind, one question still remains – how could blockchain and cryptocurrencies help these regular betting platforms and increase the overall stability for bettors?

Illegal betting – a huge loss for the betting market

According to an NBA commissioner Adam Silver, around 400 billion dollars in bets are placed illegally in the USA alone. More than $3.6 billion was wagered on sports at Nevada sports books in 2013. The American Gaming Association, citing the National Gambling Impact Study, estimates that as much as $380 billion is wagered illegally in the U.S. annually.

Silver once wrote a 2014 New York Times op-ed piece titled “Legalize and Regulate Sports Betting,” in which he argued for the eradication of the Professional and Amateur Sports Protection Act of 1992, which limited the vast majority of government-regulated sports gambling to Nevada. “I believe that sports betting should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.” – says Adam Silver.

Also, while betting illegally, the bettor might lose his money even while winning. Though most bookies do end up giving the payouts – they have to do so to remain in business – but there is always the chance of someone refusing to pay up if a bet goes drastically wrong. There is no channel of appeal for a gambler who has lost the money as the bookie is their only contact and they cannot go to the police for obvious reasons.

Finally, given the spread of match-fixing, the gamblers never know if they are being enticed into a making a bet, the outcome of which has already been decided to be against them. Because of this, bettors might lose money not because they lost, but because of an arrangement between two facing teams.

Cryptocurrency – faster and safer betting experience

With the use of blockchain, cryptocurrency provides the speed and anonymity that has made it ideal for people looking to wager safely and has given sports gamblers an alternative to traditional online books. The speed of cryptocurrency transactions makes using cryptocurrency sportsbooks a much safer option to everyone than traditional sportsbooks. You can deposit, wager, withdraw, and have your money back in an immediate control.

This is made possible by the blockchain. Since the network handles transactions at such low cost, operators are saved the headache of managing players’ cash.

In conclusion, betting market can become much more stable and faster with the help of blockchain and cryptocurrencies.

eSports – an extremely popular betting niche with no regulation

In recent years and months, more and more attention has been focused on cryptocurrencies and blockchain technologies. eSports has also seen a surge with 40% growth in 2017, making the industry a perfect fit for blockchain technologies.

Blockchain and cryptocurrency offer a number of opportunities to revolutionize the eSports industry. Transactions on blockchain are safe and transparent, fees are decreased, and payment processes are faster. The popularity of cryptocurrency attracts greater user base and funds into digital gaming platforms, as well. And of course, cryptocurrencies were first traded on an exchange built for trading gaming cards, called “Mt. Gox”. Gaming was the first place for the widespread use of cryptocurrencies through micro-transactions.

eSports betting got popular because of betting sites allowing people to bet on matches using virtual items (skins). This kind of betting could be done by anyone, with no regulations. Two years ago, Mohamad “m0E” Assad admitted the practice of rigged bets on stream in an effort to promote the dice gambling platform. Basically, Assad bets on a dice result which has been given to him prior to the “roll.”

The scandal didn’t directly concern the Counter-Strike competitive environment. No competition of Counter-Strike was involved, but it still shows the two main problems in the eSports betting scene – the whole betting process is not regulated, which means that anyone at any age could bet using these virtual items and, at any point, sell them for real money.

Marginless – a new way of betting

There are a lot of problems in the betting world right now – high fees, limitations for winning players, long payouts and limited options for people who want to bet on different niches other than regular  sports. Because of all the upsides that cryptocurrency and the Blockchain could bring to the betting market, more and more start-ups are using cryptocurrency instead of regular fiat money to allow users a faster and safer way of wagering. This year, a new ICO (Initial Coin Offering), named Marginless, is creating a new platform for users who are tired of these mentioned problems.

Marginless is a fast, safe and reliable platform where anyone can create their own bets, post and follow regular betting analysis and receive industry-leading, lowest fees.

“Marginless will bring the good old times where individuals will have an opportunity to place a wager against other people directly on almost any sport or other activity. Friends, colleagues and many other sports lovers will be able to get back the control of their bets and place them against a real person. Cleverly developed algorithms seem to rule today’s betting industry, however, the decentralized approach of newly forming blockchain technology-based solutions will change the way we live – making financial transactions, buying products and… betting. At Marginless you can not only bet on sports but create your own bets in different kind of niches.” – says Marginless CEO Lukas Jonaitis.

Marginless betting platform is driven by MGS tokens, which means that in the whole betting process, Fiat currency is not used at all. The use of Tokens and AltCoins as a reward for betting gives you a complete, secure and lightning fast reward payment in Tokens or AltCoins. Blockchain lets you confirm payouts immediately and payouts will be processed in a couple of minutes depending on what kind of AltCoin as a payout option is chosen. Our wallet lets you keep your betting assets in more than 30 different AltCoins. You will have a possibility to deposit or withdraw AltCoins as well. Marginless partners will integrate a possibility to purchase AltCoins or Tokens directly from our Marginless platform in a safe and quick environment.

Also, Marginless is hosting a raffle for a brand-new BMW X6 vehicle. For more info, visit Marginless website – http://www.marginless.io.

Bright future for betting…

Although there are problems in the betting world right now, like illegal wagering, long winning payouts, and insanely high fees, because of cryptocurrency and the blockchain the future of betting seems to be fairly bright.

Because of betting exchange projects like Marginless, the potential of cryptocurrency and blockchain is being used at its maximum, allowing users the ability to bet fast, safe and with almost no fees in whole the process. Cryptocurrency and blockchain is the future of betting and the faster we will start using it, the better.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Will Big Brands Accept Crypto Soon? SpacePay Thinks So - and It’s Getting Ready

Will Big Brands Accept Crypto Soon? SpacePay Thinks So – and It’s Getting Ready

Crypto adoption is no longer just a niche topic. Over the last few years, we’ve seen companies like Tesla and...

ericdunne519 2 weeks ago

Спечелете часовник: 6 актуални томболи, които не бива да пропускате

Искате ли да спечелите часовници, без да харчите цяло състояние за дизайнерски марки? За щастие, онлайн платформите предлагат реални възможности...

Kristina Vasileva 3 weeks ago
Solaxy

DeFi, мемы и игры перегружают Solana – Solaxy решает проблему

Гонка за рынок второго уровня (Layer-2) официально началась: сегмент уже оценивается в $15,5 млрд. Но при всей экспансии Solana по-прежнему...

lisachaikina 3 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

гифт карта

Откъде да купя гифт карта: Най-добрите места за покупка

Nikolay Aleksiev 2 weeks ago

How to Keep Your Crypto Wallet Safe?

NewsBTC 2 weeks ago
How Bitcoin Hyper Utilizes Solana's Virtual Machine for Improved Performance

How Bitcoin Hyper Utilizes Solana’s Virtual Machine for Improved Performance

ericdunne519 2 weeks ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    2 weeks ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    2 weeks ago
  • Start RIPPLECOIN Mining cloud mining package through...

    2 weeks ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.