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Grey industries are the ones that look forward to the emergence of new technology as most of industries of this kind can ride the wave to transform and upgrade to develop into new business models. As the 2018 Russian World Cup is around the corner, the blockchain is also sweeping across the gambling industry worldwide.
Sports prediction industry has been soaring in recent years, especially during each World Cup. According to IBAS, the total prediction volume had reached almost USD 20bn worldwide before the semi-finals of 2002 World Cup. In 2014 Brazil World Cup, this number even soared by more than ten folds, exceeding USD 220bn.
Meanwhile, the concept of blockchain gets popular worldwide, generating an optimized prediction module together with the gambling industry. Blockchain technology provides a new mentality and operating module for gambling industry. There are increasingly more sports prediction platforms based on blockchain and smart contract flooding into the market, making 2018 World Cup more tempting.
To my knowledge, there are more than 1000 blockchain prediction and prediction platforms including overseas players such as ContractBet, UniGame, and BattleWin. Take the company as an example. As a new baby, it is getting increasingly hot because this platform adopts prediction mechanism with smart contract. Players can get free CBT after prediction and prediction. CBT is the only pass and stake proof on it. It takes only 0.001ETH and does not incur any service fee, enabling common fans who are stopped by the high threshold to also play on the result of the World Cup. Therefore, it is quite popular among common fans. During the World Cup, Contractbet provides an offer-playing on England to get 1 BTC. Every player is eligible to win a 1 BTC if they play on England to be the champion. This incentive triggers vast interest as 1BTC is quite attractive. Event details:
WICC and Zhib also hold similar campaigns – 100 Thousand Candy Drops to Celebrate the World Cup. Delphy also adopts the same event as their key event during the World Cup. Every platform is showcasing their best to seize a ground in the Marketing War during World Cup. The beneficiary is, of course, us, the player and football fans. The prediction system based on blockchain does not only reshape the operating mechanism and business model of the gambling industry, but also saves cost, benefitting many players directly. After all, traditional prediction platforms which adopt centralized structure incur high operating cost and take monopoly position, therefore, they do not have the motivation to offer aggressive incentive like this because they do not find it necessary to compete for users. The blockchain technology overrules this dynamic, putting the right in the hands of players, resulting in a more free, fair and transparent order in lottery market.
It is said in The Moon and Sixpence that there are sixpences all over the ground, but only he sees the moon. This also applies to the gambling market. This industry is mixed before the emergence of blockchain technology and it is hard to tell the quality. In addition, this industry is grey so the prospect is not clear. It was even once stigmatized and kept outside of mainstream market.
With the introduction of blockchain, the World Cup gambling and the whole industry are clearer and rise to a new aptitude. As the growth of trade volume and user population accelerates, the rules are becoming more transparent and competitive and the experience is getting more humane and efficient. However, the prediction platform based on blockchain also comes across a question: with so many applications, which has the real blood of blockchain? Who can see the moon faced with sixpences all over the ground? As mentioned before, there are more than 1000 prediction platforms of this kind worldwide, which can outperform the others, whether in terms of incentive or strategic planning. Only time can tell.
No matter which application is the final winner, the main tone of the prediction industry is positive. After all, the combination of blockchain and prediction itself is a frog leap. Blockchain can help with cutting credit cost, improving efficiency, reducing commercial risk, optimizing experience environment, deeply transforming the gambling industry and its operation.
Media contact
Company Name: Contractbet Ltd Co
City, State, Country: London, England, UK
Address: 215-217 Charlotte Street, London W1T 1RJ, England
Contact Person: Jennifer
Tele: +852 51637104
E-mail: [email protected]
Website: http://www.contractbet.com
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Grey industries are the ones that look forward to the emergence of new technology as most of industries of this kind can ride the wave to transform and upgrade to develop into new business models
URL; Contractbet