Sports betting may become a new growth industry for blockchain companies following the U.S. Supreme Court’s May 14 decision striking down a prohibition on states regulating the practice.
Blockchain has obvious applications for betting on college and professional football, basketball, and other sports. The distributed ledger technology could bring efficiency to manual procedures in place within casinos to verify identities and flag problematic transactions, to tracking payouts, anti-money laundering compliance, and taxes.
Blockchain and cryptocurrencies are already used in e-sports and other games of skill. The question is how easily those technologies will translate over to traditional sports betting where ...
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