Bitcoin News

eSport Betting Platform Accepts Bitcoin

  • Launching a platform for viewers to wager on live eSports using Bitcoin.
  • Details of the eSport Betting platform were filed in 2019.
  • The eSport Betting Platform would be accessible even in Xbox, Mobile.

Launching a platform for viewers to wager on live eSports events using fiat, Bitcoin, digital rights, or in-game items planned by Sony Interactive Entertainment, as per a recently published patent.

As everyone has been talking about the rise of esports and video games throughout the COVID-19 pandemic. But, what has garnered less attention through the media but more throughout the esports audience is esports betting. Some of the most popular games to bet on have included, FIFA, Fortnite, NBA 2K.

Furthermore, all bets would be placed through a user interface overlaid on the streaming event. This platform would generate odds that depend on the player’s past or match performance using machine learning algorithms. The bet wouldn’t be exclusive to PlayStation alone, this is according to Patent.

Accordingly, the eSport Betting Platform would be accessible even to competing gaming providers such as Xbox, viewers on desktop and mobile.

Viewers to Wager by Bitcoin

Using fiat, Bitcoin (BTC), or in-game assets, the viewers, in real-time just like they would in other live events, place bets on the eSport competition’s outcome. Moreover, details of the eSport Betting platform filed in 2019. But, in may 2021 only it published. 

The billionaire CEO of Tesla, Elon Musk believes in cryptocurrency’s possibility. However, Tesla is at a halt to accepting payment in bitcoin (BTC) until the work addresses its avaricious energy requirements. The idea presented by cryptocurrencies believed by Tesla, they maintain that its value proposition will not be at the expense of the environment. Bitcoin is a medium of exchange and store-of-value.

Henceforth, Bitcoin remains volatile, due to its borderless nature it fits the global users. A secure and well-adopted cryptocurrency is Bitcoin (BTC). Once it goes live, viewers and bettors from the eSport Betting Platform, the experience would be significantly boosted.

With the biting shortage of PS5 consoles, the patent may be an inventive way of building the fan base and keeping those who missed out excited.

To check whether Sony Interactive Entertainment would come through and eventually launch, closely watching the crypto scene. In gaming platforms, sometimes with determined plans, they may fail to actualize despite a profound and potentially disruptive solution laid out in a patent.

Recommended for You

Ishwarya

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.

Related Articles

Back to top button