Crypto Gambling and Fantasy Sports - A Gap in the Market?

[mu_enrico]

I only play fantasy football (soccer) on Facebook games like 10 years ago or so, but I know my friends --who are hardcore football fans-- still playing this game. Anyway, I did some research last year FYI:

It looks like for online entertainment, sports betting and fantasy sports are predicted to grow in the coming years!
...
Even if states legalized online casinos, Millenials seem to prefer sports betting and fantasy sports.

Not sure if because of postponement on major sports event (at that time), youngsters then prefer online slots (slots booming).

[Twentyonepaylots]

It's an uncharted venture indeed, but I don't see the lack of fantasy betting crypto sites or games as something that would greatly impact the market right now. As of the moment there are much more ways for pepole to spend their money on casinos and stuff and since Fantasy games already died last 2014, I don't think it will catch up with the growing demands of the people.

[AmoreJaz]

It's an uncharted venture indeed, but I don't see the lack of fantasy betting crypto sites or games as something that would greatly impact the market right now. As of the moment there are much more ways for pepole to spend their money on casinos and stuff and since Fantasy games already died last 2014, I don't think it will catch up with the growing demands of the people.

give it a time, and this will be picked up by major crypto sportsbooks as well. not only rich people are into this sports but a lot of millennials as well. and most of them are just starting to learn about crypto, so maybe few years from now, they will be the largest bettors in fantasy sports using crypto bookies.

[wxa7115]

There certainly is. Perhaps there also isn't enough demand from crypto-gambling enthusiasts and regulars since most are focused on casino-based games such as dice, slots, poker, roulettes, and what have you. It's nice to see actual fantasy sports bookies on the crypto scene, given its recent rise in popularity. But again, no sportsbook would include this if there isn't enough demand to make it a viable addition to their platform. It'll take resources and funds for advertisements on its initial launch, too, so it's really hard to make it work currently, but hopefully soon we get it.

This seems like the most simple answer of all, there is not a lot of demand for fantasy games so casinos do not see too much of a need to offer this service to their customers, lets take a look at other games like poker, we have casinos that offer poker but it is nowhere near the offers we get from other games, this means that the demand is not there so I can only imagine the demand for fantasy sports is even lower so it is not surprising we are not seeing anything like what the OP wants.

However once we get more adoption I really think people are going to migrate from the fiat platforms to crypto platforms as it is happening already with many people preferring to gamble with cryptocurrencies than to gamble with fiat.

[ralle14]

It's an uncharted venture indeed, but I don't see the lack of fantasy betting crypto sites or games as something that would greatly impact the market right now. As of the moment there are much more ways for pepole to spend their money on casinos and stuff and since Fantasy games already died last 2014, I don't think it will catch up with the growing demands of the people.

I doubt fantasy games is dying anytime soon when you look at some of the popular sportsbook like Draftkings and Fanduel. I don't have an account on these sportsbooks but I always see a lot of people sharing and posting their fantasy teams on social media whenever there's a big game on the weekends like the NFL. I think it'll grow even more since it's also becoming a thing on esports.

[nitrobetting]

Good question and for a niche that has so much variety and options to choose from, fantasy sports would be a good addition. Although, I think only the traditional bookies would likely be interested to join.

Is there a gap in the market? I think there is. Fantasy sports seem to be a forgotten element in the gambling industry and I doubt the impact it would make to a sportsbook provider if it was to be applied.

Maybe this is where the wide variety of options hurt cryptos, just because there are other current and better popular options to bet on like casinos and other markets.

[TheGreatPython]

I don't really agree with the author because I read an article that says that fantasy sports are in high demand among rich people.

Yeah, demand is there but there ain't many sites that are offering fantasy sports though, specially in the crypto world.

Do you think fantasy sports are just be a phase that have already peaked? Or are they hear to stay - and if so why are no crypto sportsbooks offering anything here?

I think fantasy sports have a lot of fiat sites offering them and one reason why crypto sportsbooks are so famous is because people want to bet big and withdraw anonymously, while fantasy sports betting doesn't involve much of amounts which is why not many providers are there.

I don't know many but there used to be an option at sportsbet.io earlier, I am not sure if it still exists though since I am not a fan of fantasy sports myself. I tried to search and found this https://sportsbet.io/promotions/fantasy-sports but it might be no longer available.

[imstillthebest]

Good question and for a niche that has so much variety and options to choose from, fantasy sports would be a good addition. Although, I think only the traditional bookies would likely be interested to join.

Is there a gap in the market? I think there is. Fantasy sports seem to be a forgotten element in the gambling industry and I doubt the impact it would make to a sportsbook provider if it was to be applied.

Maybe this is where the wide variety of options hurt cryptos, just because there are other current and better popular options to bet on like casinos and other markets.

its not only for traditional bookies but all crypto bookies can include this because in a demanding world of gambling we already have common games everywhere and there are gamblers that want more and want to try different variations but fantasy sports are rarely introduced .
fantasy sport is not forgotten because it is related to sports and for it to be forgotten they need to forget sports first but thats not going to happen .

[Kittygalore]

Good question and for a niche that has so much variety and options to choose from, fantasy sports would be a good addition. Although, I think only the traditional bookies would likely be interested to join.

It is indeed a good addition but are there enough people that will be betting on it so the bookies can pursue doing it though? The problem with fantasy sports is that they are so niche that they might have a problem gaining some people to watch because I haven't heard anyone talking about one even in other forums, the only way that it can work is when the fantasy sport that is being introduced will become popular.

[fiulpro]

Honestly before your post came I did have no idea about fantasy sports perse in a professional manner and did not know that players are looking for such events to bet but I do believe that other than the sites players can themselves organize bets and that too would be extremely good since without the middle man you guys would be able to participate more wholly and avoid possible scams, third part fee etc. Therefore if you are not finding an option online then you can certainly make one yourself ! You can assemble your own team and see for yourself, in the most popular games there are people and even companies already doing that so that's a whole different scenario. I do believe the reason why the bug sites don't have much of them is because people are already doing them individually . Even the fighting games there are tournaments ( paid ) being organized for teams it's nothing but betting on your skills ! It is already a very prevalent thing, just find a good community.

[wxa7115]

Good question and for a niche that has so much variety and options to choose from, fantasy sports would be a good addition. Although, I think only the traditional bookies would likely be interested to join.

It is indeed a good addition but are there enough people that will be betting on it so the bookies can pursue doing it though? The problem with fantasy sports is that they are so niche that they might have a problem gaining some people to watch because I haven't heard anyone talking about one even in other forums, the only way that it can work is when the fantasy sport that is being introduced will become popular.

This is currently the problem for fantasy sports on the market of cryptocurrencies, we know there is a huge industry for fantasy sports on the fiat market but for some reason this is not true here, it seems that on average the people that are in this market are not attracted to this kind of gambling.

We may wonder why this is the case but at the end of the day it does not matter, if casinos do not see a huge demand for a particular kind of game then they are not going to take the time to implement it creating a vicious circle from which there does not seems to be any escape.