Overview Bitcoin went mainstream in the last four years, and with it, many betting and casino services began to accept cryptocurrencies. Current escrow services follow an unfavorable trend of utilizing cryptocurrency in a centralized manner, creating counterparty risk. The key advantage of blockchain technology being used in the online betting and casino sector is that it provides transparency in database transactions. And while players are typically skeptical, possibly assuming it was a scam site, by using blockchain they can see exactly how the transactions are processed, solving this problem. To counter the above problem, the solution of sports betting exchange is introduced which solves this issue by means of decentralization, removing central points of failure to allow the use of cryptocurrency without counterparty risk. A sports betting exchange is a marketplace for the trade of sporting outcomes. Sports betting exchange eliminates the need for a central bookkeeper and inst...
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