New Word In Esports Betting – Exodus Wallet Becomes A Part of SportX To Let Players Bet Crypto!
The future of online betting is being redefined by cryptocurrency and smart contracts. Meanwhile, esports is a rapidly expanding gambling business. Exodus, a cryptocurrency wallet, has partnered with SportX, which is an online sports and crypto betting platform. SportX allows users to gamble on esports games using smart contracts running on the Polygon network.
Exodus’ more than 1 million users will be able to utilize SportX’s decentralized betting exchange to place bets on a variety of sports and esports events using bitcoin as part of the agreement, which was announced on Tuesday. The minimum bet is $5, and you can deposit directly to the Exodus wallet or swap from any of the 138 cryptocurrencies that are supported by SportX. The Polygon network facilitates all markets produced, traded, and settled on SportX.
SportX is now approved for usage in most European nations (with the exception of the Netherlands and France), most of Asia, South America, and Canada.
Esports, or competitive multiplayer video games played in front of an audience, has evolved into a billion-dollar business, with big creators such as Halo joining the fray.
Despite the fact that the connection between cryptocurrencies and esports is still in its infancy, industry analysts have noticed a “unique link” between them. Both communities have comparable populations and use technologies that are not limited by location. GameFi, or the financialization of gaming, is anticipated to provide new options for the esports business. (However, GameFi isn’t just about esports financialization; it’s about digital gaming in general.)
Meanwhile, crypto exchanges continue to grow their presence in the esports business, with Sam Bankman-FTX Fried’s leading the charge. The derivatives exchange signed a seven-year partnership with Dolphin Entertainment in August to generate non fungible tokens for businesses in a variety of industries, including esports. TSM, the esports behemoth, signed a $210 million naming rights agreement with FTX in June.