What are Web3 sportsbooks?

J

Julio88

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Web3 sportsbooks are a new type of sports betting platform built on decentralized blockchain technology. Web3 sportsbooks are designed to be more transparent and secure than traditional sportsbooks, with features like provably fair betting, decentralized escrow and smart contracts, and rewards programs based on blockchain-based tokens. These sportsbooks aim to create a more user-centric experience that is more trustless and more accessible to people around the world, without the need for intermediaries or middlemen. The ecosystem of Web3 sportsbooks comprises businesses between sports betting, casino, NFT, and decentralized crypto wallets or Dapps. Examples include the Better Fan platform, Moonbet.io, and Bundlesbets.
 
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