Why the World Needs Decentralised Betting

Decentralised betting is built on blockchain, specifically blockchains that use smart contracts. Smart contracts are used to create agreements with predetermined actions to be carried out based on triggers without the need for trust. To put this into the context of betting:The player makes a bet of £10 for Man Utd to beat Real Madrid at 3/1, then t... See more

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