ZenSports Announces Dividend Payout on Its Cryptocurrency Security Token SPORT

SAN FRANCISCO, Aug. 14, 2019 /PRNewswire/ — ZenSports, the decentralized peer-to-peer sports betting mobile app where anyone can create and accept sports bets with anyone else without the need for a bookmaker, has just announced a set of quarterly dividend payouts that it will be making to all of its SPORT security token holders.

A few months after ZenSports launched the beta of its peer-to-peer sports betting app to select customers in September 2018, it created a security token called SPORT. SPORT was pre-sold in Summer 2018 and sold post-creation in December 2018 to accredited investors in the United States through the Regulation D exemption (SPORT has a Form D on file with the SEC) and to non-U.S. investors through the Regulation S exemption. The security token was created as a novel, blockchain-based asset which provides investment returns to investors without the need to wait for a formal exit.

According to ZenSports Co-Founder…