Despite the Crypto Winter and other scandals, blockchains seem here to stay in the sports betting market
The global sports betting market is expected to grow to $182.12 billion in revenue by 2030. HotStreak is a web3 platform for daily fantasy sports (DFS) contests. Polymarket is an information markets platform. BetDEX is global decentralized sports Betting exchange. Aver is decentralized betting and prediction exchange and Divvy is betting protocol. Super Bowl ads boosted crypto app downloads by 279%.
Frontrunner is a sports prediction market built on the blockchain. It offers betting odds on NFL, NBA and Premier League. The company launched its testnet last quarter and plans to add the FIFA World Cup 2022 market. Next year, Frontrunner will give users social features, allowing them to create group funds. It is in the process of obtaining an off-shore gaming license in Isle of Man during the first quarter of next year. This would allow it to operate in a variety of jurisdictions including Canada, Mexico, parts of Europe, and much of South America, Africa, Asia.
