The Supreme Court struck down a 26-year federal ban on sports betting last week, clearing the way for states to set their own rules. Nevada has been the sole state with legal sports betting for 26 yea
The Supreme Court struck down a 26-year federal ban on sports betting last week, clearing the way for states to set their own rules. Nevada has been the sole state with legal sports betting for 26 years, and its sportsbooks handled $4.8 billion in wagers during 2017.
The American Gaming Association estimates that Americans place $150 billion in illegal bets each year. That underground market dwarfs the legitimate wagering in Nevada.
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With the federal ban gone, states will move to legalize sports betting. But bringing this above ground exposes the industry's credibility problems. Online sports prediction platforms run on centralized systems that bettors cannot verify. Operators manipulate algorithms to disadvantage customers. Organizers commit fraud on smaller platforms. Hackers attack the systems. Credit card information leaks.
UniGame proposes blockchain as the answer to these problems. The technology works by storing platform data on a blockchain that no one can modify after the fact. Every transaction can be verified by users. The algorithms operate in the open. Results cannot be faked or reversed. UniGame argues this makes the entire system trustworthy and transparent.
The company positions itself as the leader in blockchain-based sports prediction. It holds exclusive licenses with the International Boxing Federation, Kunlun Fight, and Glory of Heroes, giving it the right to offer prediction markets on boxing, football, basketball, and kickboxing. Bettors exchange Bitcoin or Ethereum for UniCoin, the platform's native token. The token trades on HitBTC.
For more information and to view the whitepaper, visit www.unigame.com.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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