In online casino games, blockchain has a huge edge, but there is no reason for a clear market leader like BTC, so even if you see the potential of blockchain here, its still difficult to invest in the space...
With Sports Betting though, esp. with P2P, liquidity begets liquidity. So its an area where there will be a dominant market leader and blockchain has huge advantages over traditional sportsbooks.
IMO WGR is currently still the no.1 play in this space.
WGR Advantages
1. WGR brings privacy, transparency & safety to a $500 Billion industry of which 70% is on the black market.
2. No KYC and based on PIVX privacy tech
3. Constant development and communication since ICO & far ahead of any competitors in providing a true blockchain based solution.
4. Comparable volume to Augur (much better on like for like events) & better growth despite being 1/17th the valuation.
WGR Flaws
1. WGR doesnt have a stablecoin or allow betting with an existing stablecoin.
(This is good for WGR demand but negative for gamblers who are making calculated bets only to see their fortunes dictated more by the rise/fall of WGR price and who struggle with liquidity if they wish to exit.)
- Some stablecoin solution is apparently planned for the future
2. WGR is currently not profitable. In theory 3% of all betting volume will be burned over time (due to house edge) but in practice WGR has minted an amount equal to 3% of all betting volume to date.
3. There is no per event limit, so when the fix is in, or an outsider gets lucky, WGR can experience huge mints which it lacks the ability to absorb/contributes to volatility.