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Author Topic: U.S. Court decision to support legal sports betting  (Read 38 times)
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June 01, 2018, 02:24:18 AM

Opportunity awaits! American law and policy makers are working on frameworks to introduce and support the legalization of sports betting.

Last week, the United States dismissed a 26 year old federal ban on sports betting, providing the opportunity for the 50 states to reconstitute their policies to allow legal wagers on popular competition sports. Nevada, the only state which has catered for this market for almost 26 years, has reported that Nevada Sports Books had collected $4.8 billion in wagers in 2017.

Further reports from the American Gaming Association, has estimated that illegal sports betting in the United States account for $150 billion in wagers each year. From the recent change in legislation, keen punters will soon have the opportunity to participate in the excitement of sports betting within a safe and open environment.

Legalizing sports betting will help support the gaming community enjoy the activities of betting, but how are we going to uphold the integrity of book keeping? While existing online sports prediction industries have undergone rapid development, all its current underlying technologies are based on centralized algorithms, internal computing systems, and the announcement of winners.

Traditional online sports prediction platforms face a number of problems, such as unfairness experienced by customers due to tampered algorithms, fraudulent behavior committed by the sports organizers (especially for small prediction platforms), as well as hack attacks and false information provided in credit card transactions.

The solution? Blockchain Technology.

With extensive industry experience, the UniGame team, is pioneering the way blockchain technology is utilized in the realm of sports predictions and is dedicated to solving the conundrum once and for all. By storing the platform data on the blockchain, all users can be assured that the data is credible and traceable, verifiable and cannot be tampered with, eliminating manipulation behind the scenes.

In this multi-trillion-dollar industry, UniGame is strategically positioned to become a market leader.

With strong partnerships with the IP owners of top global events, experienced team members and gaming licenses in multiple countries; UniGame has taken the foreground of the blockchain-based sports prediction industry and has laid the groundwork for the launch of its real-world application.

UniGame’s blockchain-based global sports prediction platform covers kickboxing, football, basketball events and is exclusively licensed with International Boxing Federation (IBF), Kunlun Fight, and Glory of Heroes (GOH).

Participants are able to use Bitcoin (BTC) or Ethereum (ETH), in exchange for UniGame’s UniCoin (UNC) token. UniCoin (UNC) is now officially trading on HitBTC.

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June 01, 2018, 05:35:46 AM

This thread belongs to the Service announcements or Project development forum boards.
I wasn`t aware that sports betting is illegal in the USA.What about fantasy sports betting?I think that sites like Fan Duel and Draft Kings are in the shaddy gambling sector.Will they be recognised as gambling platforms?
I dream about a platform similar to Fan Duel,but with crypto payments accepted and based on the blockchain technology.

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June 04, 2018, 11:47:51 PM

On the negative side, gangs like MS-13 could benefit from legalized betting. The income of organized crime and terrorists is largely derived from gambling, prostitution, substance abuse, human trafficking, slavery and other things which can sometimes be found where gambling resides. There are potential negatives to this.

There are also potential positives in the form of job creation, economic benefits, higher tax revenues. Las Vegas does resemble a centralized market and a monopolism over gambling which could benefit consumers via being more decentralized within a free market paradigm.

I wasn`t aware that sports betting is illegal in the USA.What about fantasy sports betting?I think that sites like Fan Duel and Draft Kings are in the shaddy gambling sector.

You might find this interesting.

FanDuel restricted states – Visit FanDuel Now
The states where FanDuel blocks players are: Arizona, Alabama, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, Texas and Washington state.

Again, this is a reflection of company policy regarding banned states and not a legal determination by any arm of government. Inclusion on the list does not necessarily mean it is a state where DFS is illegal, and exclusion from the list also doesn’t guarantee that fantasy sports is legal in the state.

So a state being on the list above isn’t the same as being able to definitively claim that “FanDuel is illegal in that state,” and a state being off of the list isn’t the same as being able to say “FanDuel is legal in that state.”

This info is 100% accurate as far as I've been able to confirm.

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June 04, 2018, 11:51:55 PM

That is the way it should be, having a regulated sports betting site is a welcoming sign and i hope the crypto sites will start accepting US citizens in the near future as majority have blocked access to users from US because of the fear of backlash from the authority, it is a billion dollar industry and the users will have some security if the exchanges are regulated as some of the exchanges tend to run away with the money especially cryto based gambling sites citing immature reason if you win big.

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