The Professional and Amateur Sports Protection Act of 1992 (PASPA), effectively outlawed sports betting nationwide, excluding only a few states.
According to the American Gaming Association (AGA), Americans illegally wager more than $150 billion on sports every year, done through illegal bookmakers and offshore betting sites.
In the $39 billion licensed sports-books industry, bets in their automated system can mistakenly generate odds on a game. Causing massive wins that companies can’t cash or payout or refuse to honor.
There is no one true solution to accept different cryptocurrencies, sent to one secure crypto address to bet on sports.
The Supreme Court on May 14, 2018, struck down PASPA, advancing that each state now can set its own rules for online sports betting unless Congress passes a new law.
*Supreme Court decision in Murray v. NCAA effectively lifts the federal ban on sports betting, states can make their own laws and regulations.
The legal sports-betting market in the U.S. was worth an estimated $270 million in 2017 with another $2.5 billion to $3 billion in black market betting.
*Eilers & Krejcik Gaming, LLC. research firm.
$150 Billion Market Potential
Legalized sports betting eliminates the need for illegal bookmakers and offshore betting sites.
SportsBets.crypto will be the leading authority platform for Americans to wager more than $150 billion in “Sports Betting” through Ethereum Blockchain technology and demand for accepting cryptocurrencies.
Implementing the use of Blockchain technology, SportsBets.Crypto provides a solution to offer trust and transparency at the transaction level. This will also eliminate an automated system malfunction and failure.
SportsBets.crypto offers a trust platform solution for sports betting. Through the permanent record of a verifiable and unchangeable transaction ledger.
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