Quoted

Nov 10, 2021

Sports Betting’s Big Crypto Question

“I think a lot of operators would be smart to look at crypto as another potential customer acquisition avenue,” said Jeff Ifrah, an attorney who specializes in sports betting issues. “It’s not so much that sports bettors want to use crypto to place their bets, it’s that people who hold crypto intersect with the demographic of classic sports bettors. Companies like FTX have not just liquid crypto exchanges that obviously include hundreds of thousands of would-be sports bettors, those companies also have their own types of trading engines. So crypto exchanges can also have technology on their platform that’s very similar to a Sporttrade or some sort of peer-to-peer exchange.