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Blockchain-based Betting Platform to Predict World Cup Outcomes

 

The BlitzPredict platform, a blockchain-based application that makes available to sports enthusiasts “reliable and transparent” betting advice is reported to have launched its core platform. The emergence of this platform only a couple of days after the commencement of this year`s FIFA World Cup in Russia is considered to be a strategic move.

 

BlitzPredict, a firm based in Las Vegas is poised to deliver nothing short of innovative betting solutions tailor-made to address the myriad of issues that have bedeviled the betting industry for quite some time now. Through an incontrovertible blockchain, BlitzPredict aims at keeping record of predictions related to sporting events outcomes.

 

The company has stated that “these predictions will be time-stamped against true market odds” and that this feature will create a “verifiable, public record of everyone`s predictions.”

Betting advice for the World Cup can be purchased using the BlitzPredict platform`s XBP token. This token is considered to be ERC-20 compliant and was developed on the Ethereum network. The BlitzPredict platform is built to perform a couple of functions, key among them being the provision of a model for major league baseball (MLB), blogging functionality and soccer functionality.

 

Speaking of the MLB model, the company has stated that it has had a 76% win that is as a result of having a 25-8 start. BlitzPredict further stated that it has up until now “recommended plenty of underdogs that have come through.”

 

Some measures have been put in place to ensure that users are able to go through a hassle-free experience in making deposits, withdrawals and trades. Notable among these measures is that the XBP token has been listed on a good number of exchanges including Bancor, Cryptopia and Bancor.

 

A changing betting market

 

The sports betting market in the United States is huge and fast expanding. Illegal sports betting alone are estimated to be worth billions of US dollars. BlitzPredict has noted that legal betting platforms have a “tremendous market opportunity” to influence a good number of illegal sports betting entities to seek their services. In the estimation of the firm, the rising demand will be occasioned by a rise in demand for content and tools that are of high quality – tools and content that makes users better placed to more likely win sport bets, beating the odds.

 

In May this year, the US Supreme Court issued a ruling which some pundits have considered a long awaited judgment on sports betting in certain US states. The ruling tended to favour sports betting firms as it in effect legalized sports betting in the selected states.

 

BlitzPredict refuses to be content with its current achievements. It has announced plans to expand its services beyond MLB and football betting as it seeks to develop a tennis model prior to the commencement of this year`s Wimbledon Championship slated for July in the city of London. The company has also set its sights on the eSport market as it plans to launch tournaments and offer a “smart contract betting feature.”

 

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