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

[AOBTCT6]

Being an avid fantasy sports player myself, I was a bit disappointed to see no crypto sportsbook offers fantasy sports betting.

There's a huge market for fantasy sports when using real money (DraftKings, IPL Fantasy Premier League) and even free games (Fantasy Premier League), but no crypto sportsbook has taken the lead and offered anything of the like.

Looking at the demographics of fantasy sports, it's predominantly played in countries where sports gambing is banned. For example, in USA and India fantasy sports get around gambling laws, allowing users to experience the thrill of betting. Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.

On the other hand, a critical market for crypto sportsbooks are places where sports betting is banned. One way to target such markets is to offer things they're more familiar with, for example fantasy sports markets and games.

Surely this is a big gap in the market which a sportsbook can pounce on? I'm surprised no one has of yet.

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?

If you're interested I did write a blog post going into greater detail about this here - https://bitedge.com/blog/fantasy-sports-with-crypto/

[sportbettor]

See the List of the best Daily Fantasy Sports Sites here: http://100bookies.com/daily-fantasy-sports-sites-eng/

[avikz]

See the List of the best Daily Fantasy Sports Sites here: http://100bookies.com/daily-fantasy-sports-sites-eng/

Op is seeking crypto enable fantasy gaming sportsbook. The list you have shared are fiat sportsbooks. I couldn't check draftkings though as it has blocked traffic from my country. But for remaining 4 sportsbooks, I didn't see any mention of cryptocurrencies.

I don't think we yet have a crypto enabled sportsbook which allows you to bet on fantasy sports. At least not that I am aware of. So possibly it is a gap in the market and hopefully we will shortly see some cash rich casinos leaping into the gap!

[dothebeats]

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.

[CarnagexD]

I agree that the niche has yet to be filled, but I don't see how this could be very bad considering there are currently thousands of betting modes to choose from, with Fantasy betting only being one of those. If you consider it that way, you would see that it is not that really relevant, and in my honest opinion, fantasy betting already reached its peak last 2014 and it's all downhill from there.

[ralle14]

Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.

Yes, I know sportsbet used to have fantasy sports for quite a while and they'd sometimes give out free bets just so you can give it a try with less risk. Here's one of the promotions they offered back then, unfortunately they had to remove it since not many are interested on fantasy sports. They always have lobbies prepared for the upcoming games but there's not enough players joining unless there's a promo.

[maydna]

I think the casino has not touched the fantasy sports, making its fans of that game is hard to search for where they can play crypto fantasy sports. But I am sure that if the casino knows about that and wants to attract more attention from the fan, they will announce it to the public, and they will invite some fan to test the demo.

Perhaps, that is a big gap for the fan, but I don't think that is a gap for most gamblers, as they already have their favourite games. So I think the fan needs to be patient for a while.

[madnessteat]

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. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.

[ralle14]

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. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.

Fantasy sports in general is indeed high in demand and well known but not all countries view it the same way as the others. As Avikz pointed out the list from sportsbettor only had fiat sportsbooks and the gap on crypto sportsbooks is really big since they're forced to block some of those big countries and those countries are usually the ones that's causing fantasy sports to become this big.

[shoreno]

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. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.

only rich people ? i think this is true because im not rich and i cant understand how this game works but there are still non rich people that are smart and can probably understand how this game works and bets arent going to be super expensive so they can still participate on it . on the other hand card game , casino game and sports betting are indeed much popular and easy to understand for the majority of the people and the other reason is these games are in real time not just a fantasy . thats why there is a gap between them and fantasy sports / betting  .

[swogerino]

There is a gap now and it will continue to be for some time in the future too.The reason is that real gamblers are obsessed with sport betting,slot machines,dice,poker,blackjack and roulette which are traditional games.Fantasy sports are rather new compared to the traditional games so they have not yet a wide public from the crypto gambling players.

[madnessteat]

only rich people ? i think this is true because im not rich and i cant understand how this game works but there are still non rich people that are smart and can probably understand how this game works and bets arent going to be super expensive so they can still participate on it . on the other hand card game , casino game and sports betting are indeed much popular and easy to understand for the majority of the people and the other reason is these games are in real time not just a fantasy . thats why there is a gap between them and fantasy sports / betting  .

In fact, you don't have to have any knowledge or be rich to understand how fantasy sports are played. Read the Wikipedia article on Fantasy football - https://en.wikipedia.org/wiki/Fantasy_football_(association) and you will understand the principle of the game. You can find more fantasy sports games in this article - https://en.wikipedia.org/wiki/Fantasy_sport#Popular_fantasy_sports

[Ucy]

Looking at the demographics of fantasy sports, it's predominantly played in countries where sports gambing is banned. For example, in USA and India fantasy sports get around gambling laws, allowing users to experience the thrill of betting. Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.

I wonder what exactly the laws are against: Gambling (taking big risk)? Or not engaging in "fantasy sports" betting/predicting atall?

Perhaps the name "Gambling" is why the laws are harsh on it and they are able to get around it by practicing & encouraging safe/responsible betting.?

[Lorence.xD]

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.

I have seen some of this games but you are right, there isn't a lot when it comes to customer base. Not to mention that most fantasy enthusiasts are not into gambling as most of them prefer board games like DnD or LARPing. Yes it is good to see fantasy sports in the gambling industry but cricket noises are definitely going to be present because there aren't a lot of players as I have said earlier, I think that we should just focus our attention on what is currently on the table.

[Mauser]

Surely this is a big gap in the market which a sportsbook can pounce on? I'm surprised no one has of yet.

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?

If you're interested I did write a blog post going into greater detail about this here - https://bitedge.com/blog/fantasy-sports-with-crypto/

I haven't played fantasy sports in years. Back at university I had a lot of fun playing it with friends. If there is no crypto bookmaker yet playing in the fantasy leagues it is definitely missing something. The larger the crypto market the higher demand for different types of crypto betting markets. I might be a bit too old now but for the younger generations this could be very attractive again. Thanks for posting your blog here, I will check it out.

[avikz]

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. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.

I don't understand why fantasy sports are in high demand among rich people only! I think they are in high demand among the youth because they are the one who really love fantasy sports. This concept of fantasy sports is comparatively new so I don't see why Rich people are the main beneficiaries here!

Also this kind of gambling has a great future because they are not legally banned in countries like USA or India or wherever the betting on live sports is banned. So along with a gap in the market, there are untapped regions to explore!

[AOBTCT6]

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. In addition, as correctly noted sportbettor there is more than one site offering betting services in the world of fantasy sports. Of course, if you compare it to poker or blackjack, it's a drop in the ocean.

Fantasy sports are in demand across many demographics - not just rich people. Fantasy sports being in high demand suggests a crypto sportsbook should take it on and try.

Interesting to hear ralle14 say Sportsbet did try and it didn't work due to lack of interest. Consider the high demand for the games why do you think this is? Is it because players have easier access to actual sports betting markets through crypto? Or is there little cross over between crypto enthusiasts and fantasy sports players? Interested to hear your opinions.

[michellee]

Maybe fantasy sports are not too popular as the other gambling games, so you do not find many gambling sites with that type of game. But if there are many people interested in playing that game, some developers will start their project and ask or invite some people to test the game before they launch. Maybe you can suggest to the gambling site that you already know to implement that games into their site, so that can be the other way to invite more players to their site.

[Hydrogen]

There are existing cryptocurrency based fantasy sports platforms. They're underutilized due to them not being updated in more than 12+ months last I checked.

Fantasy sports are much more heavily regulated, restricted and illegalized than gambling in the USA.

Fan duel, draftkings and other fantasy sports sites are illegal in the US states of: arizona, alabama, hawaii, idaho, iowa, louisiana, montana, nevada and washington state.

There is a good opportunity for cryptocurrency based fantasy sports. The sector is so heavily regulated and restricted it prevents it from being effectively leveraged.

[kryptqnick]

Op, I have a question for you: are fantasy sports much different from simulated reality sports? I'm asking because there's an English Premier League SRL, for instance, and bets on their matches are sometimes available for betting on Sportsbet.io. And there are also some other simulated reality matches to bet on sometimes. I created a thread about these events once, so you can refer to it to find more information. Note that in SRL it's the developers to assemble data on the actual teams and then run a simulation of them playing.