This is a very simple explanation of how blockchain can be used for decentralised betting, but here are the key takeaways. Decentralised betting is transparent for the players and the bookmakers. When a bet is placed, an agreement is made and the only deciding factor is the outcome of the event. A key advantage of this setup is the bookmaker can’t... See more

Various blockchain solutionsEach bet is a contract between the player and the bookmaker. Using smart contracts to handle betting is an obvious choice. And there are already various projects which approach the problem from different angles.