If you have been on the lookout for any recent crypto sports betting news, then you are at the right place. We have brought to you, variety of relevant information on crypto sports betting, make sure you read up the news well, and also ensure you take advantage of any information which might benefit you and help you in earning some free money while betting with crypto.
- Tom Brady encourages the use of cryptocurrency in sports betting
Among the best reasons why offshore betting sites are highly patronised is due to the fact that cryptocurrencies are accepted online by these websites. Some of the top crypto betting sites can be found online at CryptoBetting. This has been recently pushed forward by National Football League star, Tom Brady who recently professed his love for cryptocurrency. He went further in launching a platform for non-fungible token art and entertainment sales – Autograph. Although he never explicitly mentioned his preferred coins, he had said he was a believer in crypto and he believed there would be more solutions with the wide adoption of crypto. This was stated by Mr. Brady during the CoinDesk Consensus 2021 Conference.
- DraftsKings CEO wants to add Crypto, but States obstruct
The Chief Executive Officer (CEO) of Draftsking, Jason Robins recently commented that he had intentions of the online betting and casino company, Draftsking accepting crypto coins as part of its forms of payment when making transactions – betting and making wagers; however, he further stated that the state regulations have blocked this move. He did not mention the particular form of crypto payment that he would like to be included, whether Bitcoin, Ethereum or any other coins. It was also not specified as to whether the cryptocurrency payments would be applied for online sports betting, online casinos or for daily fantasies.
- Enjoy live crypto sports betting at Euro2020
With the Euro2020 competition which has come around, millions of football lovers get to enjoy this entertaining football competition. With sportsbooks like 1xBit, football lovers can watch up to four games simultaneously and they can also bet on every match. Not only do you enjoy live betting, you can also enjoy betting live with cryptocurrency coins. With sportsbooks like 1xBit, you have access to a variety of odds and promos as an online crypto sports bettor.
Therefore, online sports bettors can now bet using payment options that suit them, it could be either through coins such as Bitcoin, Ethereum, EOS amongst others provided on the betting platform.
- Bovada finally accepts Ethereum
The online sportsbook is not just recently accepting cryptocurrency coins; however, for some reasons, the sportsbook had never accepted Ethereum as among the available crypto coins for online sports betting. In fact, this sportsbook was the first prominent online sportsbook to allow Bitcoin to be used on its sportsbook but it never accepted Ethereum which is the next in line crypto coin to Bitcoin and a major crypto coin on so many crypto betting sites.
However, Ethereum has now become a part of the available coins on Bovada. Therefore, online crypto sports bettors can now enjoy crypto betting using coins like Bitcoin, Bitcoin Cash, Litecoin and the newly-included Ethereum.
- Bovada offers June giveaway for crypto sports bettors
Bovada is carrying out a crypto promo for its cryptocurrency sports bettors this June. In this giveaway by Bovada, the players who make deposits using cryptocurrency will be entitled to the ongoing promotion. With this Bovadas’s Giveaway, the sports bettors that transact with the accepted crypto coins (Bitcoin, Bitcoin Cash, Litecoin, Ethereum) when betting are eligible to take part in weekly draws to win big crypto rewards.
Each week, five lucky crypto sports bettors get rewarded with 0.25 BTC, and a quarter of one Bitcoin (0.25 BTC) gets shared between the lucky winners. Also, by the month-end, there’s another raffle draw to determine three big winners. The first winner of the raffle draw receives 1 Bitcoin which is currently valued at over $35,000. The second winner of the raffle draw receives 1 Ethereum which is currently valued at over $2300. The third winner of the raffle draw receives 1 Litecoin which is currently valued at about $160.
To qualify for the promos, crypto sports bettors must make a minimum deposit of $20 with any of the eligible crypto coins – that is Bitcoin, Bitcoin Cash, Litecoin, or Ethereum; also, take note that the tickets for the week function for the giveaway week. The rewards are yours to keep and you can easily withdraw your winnings once you win them.
SportX, a renowned online sports betting site that also accepts online crypto betting. It aims at generating both crypto and contract-based protocols to become conventional. For transactions on the platform, Polygon blockchains are made use of, thereby making it very flexible and making transactions very speedy. It’s an ETH second layer solution to scale which permits freer and faster transactions. Differently from other online sportsbooks, this platform provides an extra security layer to its users by ensuring that players can bet in a direct way, right from a browsing extension and from crypto wallets, and the wagers get retained in escrow contracts with a definite payout.
Also, since summer is soon here, the platform has also resolved to organize a large-scale competition which will serve as an incentive for all new and existing users so they can acquire additional tips on their wagers. Beginning in late May, and ending in late August, there is a prize pool of $35k. The competition has up to 13 events, with each distinct in its own way.
These are some of the top stories on crypto sports betting for the week, as each week goes by and more events occur, there will be more information to report about crypto online sports betting. In the meantime, you should make good use of these top stories above.