All these problems can be easily solved by implementing blockchain and cryptocurrency into the core of a betting system.īlockchain technology can offer a solution that can break this cycle of mistrust and create a new standard for online betting.

Typical betting platforms share the same problems, such as opacity, geographical payment limitations and necessity to trust site owners who might fix the odds or refuse to pay-out the winnings. Betting industry boomed in the 1990s as bookmakers started to accept bets via the Internet. Throughout history, governments limited or even prohibited betting and gambling, as they took the matter very seriously. Bookmaking as a business originated in Britain two millennia later. Back then, people placed bets by agreeing with each other. In Ancient Greece, spectators used to bet on the Olympics’ participants, while in Ancient Rome – Romans used to bet on gladiators and chariot racers. People have been making bets since the earliest of times.

You can bet that betting will become more innovative. The project’s top priority is fraud protection and bookmaker’s activity transparency (users can always verify the platform’s account balance).

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