Sports Betting Blockchain Projects | May 2020 Report

Sports Betting Blockchain Projects | May 2020 Report

By costanza | costanza | 29 May 2020


There are many Sports Betting Blockchain projects in development. I'm trying to stay up to date and make a roundup of the listings, price action and news updates on a monthly basis.

 

Market Overview

This was the 2nd month were the Sports Betting coins on average have gone up in price. There was no major news for what I have seen but most projects continue to make slow but steady progress.

 

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I covered this project around 10 months ago (Link). It's not directly sports betting related but tries to connect sports fans to their club giving them voting rights by owning coins. It does very much look like this one is getting adoption and coins from teams are starting to get listed on Coinmarketcap. It is not something I personally am interested in, but I might try the app out as it should be possible to hunt for tokens. It also looks like the tokens will give more than just voting rights and will include a matchday experience with exclusive audio, video, rewards, info for fans.

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Going back to the post I made 10 months ago comparing the marketcap it can be seen that the token actually lost value as over 1 billion extra coins got into circulation (~36% increase). There are still 4.3 Billion+ that can come into circulation which sucks for everyone that invested in this project as since then they picked up a whole lot of momentum getting added to Binance, picking up multiple partnerships and entering the top 100 on coinmarketcap. 

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This project seems to be back and is set to launch somewhere in September (See blitzpredict.io). As a handicapper who keeps close track of betting results, I will for sure start using their product again. At this point, I'm unlikely to invest in the XBP token though. For more info on this project check my last post on it (Link)


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The development seems to be gearing up again on Betterbetting (betr.bet which is one of the products I keep a close eye on as it is something that I would actually use myself. They are implementing the Goldenrace partnership which I wrote about last month (Link) and have become a lot more active again on twitter lately. They are now also listed op dappradar.com (Link). Their main issues remain that they have little to no actual users and that they are covering the Gas cost on the Ethereum network for the people that bet with BETR or EOS on their bookie which might become an issue if more people do start using it.

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Right now they come in at a total marketcap of 256.000 Dollars with most of their coins in circulation. I'm looking forward to see what they will be able to do the next couple of months.


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The Sportbook on Wink.org is currently offline. From what I understand, this is because they are working on their new and improved user interface and it will be back soon. I contiue to enjoy the soft poker action on wink and have been keeping close track of the daily dividends that are being paid out (See Post). I stay amazed on how many people are gamblers as the site has earned an approximate total of over 1 million dollars from its players over the course of a month if I did the calculations correctly.

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Sportbet.one continues its development and the hack I reported on last month (Link) has not affected them negatively in any way it seems. The Lockdown did cause overall betting volumes to drop drastically though and it will take a while for the dividends they pay out to get back to normal. Similar to betterbetting, their main issue is to attract players. They added a really nice feature to their bookie with live streams that work excellent. They are only available for Lower leagues (Bundesliga 2 and such) and not on the Bundesliga itself.

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For as far as the price goes, it has been quite low because of the lack of sports and dividends sitting around a 700k marketcap for the circulating supply. It does look like some whale decided to pick it up in anticipation of an increased betting turnover once sports gets at full force again pushing up the price quite a bit.

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Augur is still the #1 coin when it comes down to betting and prediction markets yet I never had any affinity and barely tried it out a long time ago. They are set to launch Augur 2.0 soon and I intend to take another look at this project. Similar to some others, obtaining an actual userbase seems to be one of their big challenges. it will be interesting to see how the price reacts leading up to the Augur v2.0 launch.

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Wagerr as always continues to move forward adding more leagues and sports as time goes by. They also now included a BTC Price prediction market. My main concern with Wagerr is that they simply are not profitable and coins need to be minted in order to pay out winning players. Back in January, I reported that a total of 4 Million WGR at that time had been minted extra (See Report). By now this has added up to 8.5 Million in total. When they started their project they were quite big on value coupling which meant tokens were going to be burned as part of the fees. The fact that sharp bettors have an easy time to beat their odds and rather slow-moving lines completely counters this.


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Previous Months
Sports Betting Blockchain | April 2020 News & Price Movements
Sports Betting Blockchain | March 2020 News & Price Movements
Sports Betting Blockchain | February 2020 News & Price Movements
Sports Betting Blockchain | January 2020 News & Price Movements
Sports Betting Blockchain | December 2019 News & Price Movements
Sports Betting Blockchain | October 2019 News & Price Movements
Sports Betting Blockchain | September 2019 News & Price Movements
Sports Betting Blockchain | August 2019 News & Price Movements
Sports Betting Blockchain | July 2019 News & Price Movements
Sports Betting Blockchain | June 2019 News & Price Movements
Sports Betting Blockchain | May 2019 News & Price Movements
Sports Betting Blockchain | April 2019 News & Price Movements
Sports Betting Blockchain | March 2019 News & Price Movements
Sports Betting Blockchain | February 2019 News & Price Movements
Sports Betting Blockchain | January 2019 News & Price Movements
Sports Betting Blockchain | December 2018 News & Price Movements
Sports Betting Blockchain | November 2018 News & Price Movements
Sports Betting Blockchain | October 2018 News & Price Movements
Sports Betting Blockchain | September 2018 News & Price Movements
Sports Betting Blockchain | August 2018 News & Price Movements
Sports Betting Blockchain | June 2018 News & Price Movements
Sports Betting Blockchain | May 2018 News & Price Movements
Sports Betting Blockchain | April 2018 News & Price Movements


Let me know if there is anything major I missed last month or if there are some more promising projects I have yet to take a look at. Thanks!


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costanza

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