
E59 - Blockchain Powered Betting Tools and Platform
Business of Betting Podcast
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The Importance of Blockchain Technology in Sports Betting
Chris: We're using the blockchain to bring transparency to sports betting, certainly to the tout industry side of things. The one feature that we launched with is recording predictions to theBlockchain time stamped against true market odds. And then you can also set up a smart contract system to sort of tag along any expert that you like. So if say the Steelers are minus seven points and you want to bet on them, you can do it anywhere in the marketplace. It will convert into an Ethereum based token and you can be sleeping.
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