#138 - The future of sports and crypto: Karate Combat
Law of Code
Exploring the Intersection of Gambling Regulations and Crypto Assets in Gaming
This chapter delves into the legal definitions of gambling in the US, emphasizing the elements of consideration, chance, and prize. It discusses the potential of using crypto assets to create a loophole in gambling regulations and the concept of 'up-only gaming' to drive sustained user engagement. The conversation also covers the legal aspects of sweepstakes, alternative methods of entry, and the evolving landscape of token distribution in blockchain projects.
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