Why is cryptocurrency used for sports betting?

Cryptocurrency has been shown to have many use cases. While many in the mainstream press view them as dangerous or used for nefarious means there are many advantages to using cryptocurrency.

Of course, there are disadvantages as well – such as the great swings in volatility in regards to price. However, while many focus on the idea that they can be used for dark markets or even terrorism, the majority of cryptocurrency users either hold, trade or use them for things such as sports betting.

The sports betting market is vast, particularly in the UK. However, America has been slow to adopt this practice. Many citizens of the United States choose to visit Las Vegas or even abroad to follow their passion of sports betting. Under confusing laws whereby the Federal legislation is legal, each State has its own rules that can supersede this thereby rendering sports betting largely illegal. In 2018 the Supreme Court ended the federal ban on sports betting.

Plus points

This is where…