I'm seeing the improvement on the crypto gambling space especially in sports betting, so I was thinking, since crypto sports betting is easier than fiat betting, then probably people might transfer here and tht would help the increase of adoption.
some of the benefits when using crypto sportsbook.
1. No KYC
2. Anonymous gambling.
3. Instant deposit and withdrawals.
4. ETC....
What do you think about its chances.
1)See I understand your point but the main fact is that it's not at all easy to replace fiat sportsbook with crypto sports book because it is like replacing fiat with cryptocurrencies completely which is difficult at this time.
2)The gamblers need to have proper knowledge of cryptos because there are lot of scams in this market.
3)The one who prefer stability of winnings will always bet with fiat instead of crypto coins due to volatility factor
4)Above them most casino prefer to have KYC these days for withdraw on exchanges but some prefer to have anonymity of customers with them.
5)The fees are high which further reduces the profits.
6) Crypto is not regulated in most countries which further poses a threat to gamblers of crypto betting.
So there are many factors which are acting as hinderance to crypto growth but who knows what happens next.In past few years have we ever imagined that Bitcoin will be becoming mainstream and accepted by major companies and regulated by government?But it is becoming reality so who knows the future.