Is the Metaverse the Future for Cricket Betting
Justin Bieber is playing a concert in the Metaverse. Cricket fans are wondering if there will be a cricket match organized there.
There is a boom in the virtual real estate market in Metaverse. The biggest deal so far was for 116 virtual parcels of land in Decentraland for 618,000 MANA. The buyer wants to develop them into a hub for luxury fashion brands. Co-founder Michael Gord believes the Metaversity will be the world's No. 1 social network. He believes it will become a better place to meet friends than a traditional one. It's where you can have experiences like conferences and concerts.
The current Indian sports betting market is estimated to be between $40 and $150 billion. Around 80 percent of this market revolves around cricket. Cricket betting in the Metaverse will be legal and regulated. It will resemble today's online cricket betting at sites with reliable licenses such as Malta, Curaçao, or Gibraltar. Problem bettors will have access to professional support. Money from Metaversa cricket bets will go to public needs and welfare programs.
