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#1
Being an avid fantasy sports player myself, I was a bit disappointed to see no crypto sportsbook offers fantasy sports betting.
There's a huge market for fantasy sports when using real money (DraftKings, IPL Fantasy Premier League) and even free games (Fantasy Premier League), but no crypto sportsbook has taken the lead and offered anything of the like.
Looking at the demographics of fantasy sports, it's predominantly played in countries where sports gambing is banned. For example, in USA and India fantasy sports get around gambling laws, allowing users to experience the thrill of betting. Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.
On the other hand, a critical market for crypto sportsbooks are places where sports betting is banned. One way to target such markets is to offer things they're more familiar with, for example fantasy sports markets and games.
Surely this is a big gap in the market which a sportsbook can pounce on? I'm surprised no one has of yet.
Do you think fantasy sports are just be a phase that have already peaked? Or are they hear to stay - and if so why are no crypto sportsbooks offering anything here?
If you're interested I did write a blog post going into greater detail about this here - https://bitedge.com/blog/fantasy-sports-with-crypto/
There's a huge market for fantasy sports when using real money (DraftKings, IPL Fantasy Premier League) and even free games (Fantasy Premier League), but no crypto sportsbook has taken the lead and offered anything of the like.
Looking at the demographics of fantasy sports, it's predominantly played in countries where sports gambing is banned. For example, in USA and India fantasy sports get around gambling laws, allowing users to experience the thrill of betting. Does this mean people who are allowed to bet aren't too bothered by fantasy games? If so, I can see why crypto sportsbooks haven't put any effort in here. As they allow anyone anywhere to bet, customers would just head straight for the standard sports markets and there wouldn't be such a big appetite for anything fantasy related.
On the other hand, a critical market for crypto sportsbooks are places where sports betting is banned. One way to target such markets is to offer things they're more familiar with, for example fantasy sports markets and games.
Surely this is a big gap in the market which a sportsbook can pounce on? I'm surprised no one has of yet.
Do you think fantasy sports are just be a phase that have already peaked? Or are they hear to stay - and if so why are no crypto sportsbooks offering anything here?
If you're interested I did write a blog post going into greater detail about this here - https://bitedge.com/blog/fantasy-sports-with-crypto/
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