Betting on Blockchain-5.91

The recent drop in cryptocurrency prices might be discouraging to some traders, but those who are passionate about the underlying technology of the blockchain are more excited than ever as more blockchain projects turn into real-world applications.

Online betting and prediction markets are an astute entry point for blockchain startups. First, there are lots of ways the decentralized, immutable, and transparent qualities of blockchain technology could improve upon existing online betting/prediction market options. Second, on May 14, 2018, the Supreme Court of the United States struck down a federal law that banned gambling on sporting events. With the lifting of this legal prohibition, the online betting sector is ripe for disruption from blockchain projects with technology that improves trust and the efficiency of transacting between betters and bookmakers.

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