SportX and the Exodus cryptocurrency wallet team up on eSports betting
By Bob Garcia
eSports is gaining ground in the sports betting market
The popular cryptocurrency wallet Exodus has decided to officially integrate with SportX, an online sports betting and cryptocurrency platform, giving users the possibility to bet on eSports matches through smart contracts that would be developed on the Polygon network. It is no secret that smart contracts and cryptocurrencies have arrived to redefine the future of online betting, a market that has been growing even more with the arrival of eSports.
This partnership, which was announced yesterday, opens the opportunity for more than one million users belonging to the Exodus platform to have access to SportsX’s decentralized betting exchange. In this instance, they are allowed to place bets on a wide range of both traditional sports and eSports. Best of all, they can make use of their cryptocurrencies. The minimum bet is $5, denominated in USD Coin (USDC), which can be sent directly to the Exodus wallet, or exchanged in the more than 130 cryptocurrencies that are supported. The Polygon network will facilitate all markets created, traded, and settled on SportsX.
Today, SportsX is licensed to operate in most European countries with the exception of the Netherlands and France, Canada, South America, and many Asian countries. Over the last few years, the eSports industry has grown to such an extent that it has even seen world-class tournaments, which has led to a billion-dollar valuation.
This has clearly made the gambling world want to create an alliance with its growth, opening up opportunities for platforms operating in this market to take full advantage. A partnership like this is a clear example, including one that also brings the rise of cryptocurrencies into the equation.