Sports, Sports Betting, And Crypto Converge On A Cashless Future

If you’re an online sports bettor, chances are you’ve been at it for years.

Before 2018, you didn’t let something as passé as PASPA stop you from betting online, and now that the law’s gone, you aren’t changing your ways.

Domestic sportsbooks are great if you live near one – or if your state has legal online sports betting – but for the rest of us, well, we just keep on doing our thing.

And among the biggest reasons why has nothing to do with access or odds, despite both being objectively better at international betting sites.

No, one of the most compelling reasons to eschew local gambling options for the tried-and-true offshore model is simply this:

International betting sites accept cryptocurrencies and local sportsbooks do not (excepting Wyoming because Wyoming is awesome).

And crypto, as we all know, is the thing.

Recently, NFL GOAT Tom Brady deflated the fiat market when he declared his unbridled love for all things crypto, even going so far as to launch Autograph, a platform dedicated to NFT (non-fungible token) art and entertainment sales.

Brady played coy about the coins he supports, but Mr. Laser Eyes was quite clear in his position when interviewed during the recent CoinDesk Consensus 2021 conference:

“I’m a big believer in [cryptocurrency]. … I definitely think there’ll be more solutions as [crypto] is more widely adopted in all areas of our lives. …

I don’t think it’s going anywhere. … The world is changing. … And you can be ahead of the curve or behind it, and I’m choosing to be ahead of it.”

That’s a pretty grand endorsement.

And then, going the other route – but hyping the same market – was this circus sideshow.

Now, if you bet on this past weekend’s Floyd Mayweather-Logan Paul “fight,” you probably made out like a bandit.

However, if you actually paid for the fiasco, well, no comment.

Still, in the leadup to that…event…was this odd weigh-in moment:

floyd mayweather logan paul ethereummax

Ethereum what?

And then, during the “fight,” that promo was moved from Money’s shirt to his trunks:

floyd mayweather vs logan paul 2021

Then, as expected, the whole world started asking the obvious question:

“What is EthereumMax?”

Then they looked into it, scratched their heads, and bought some regular old Ethereum instead.

And crypto crept-o ever on up.

Of course, you shouldn’t expect to see EthereumMax (EMAX) supported at any major legal online sportsbook, as these operators are notoriously picky about the cryptos they accept.

After all, Bovada just started taking Ethereum less than a month ago.

That said, hype is hype and interest is interest, and it’s clear that more people than ever are starting to pay attention to cryptocurrency.

And in the mainstream, much of that attention is being driven by famous athletes.

You know, maybe it is only a matter of time before domestic sportsbooks start accepting crypto.

After all, three years ago, you’d be called crazy for saying professional American sports teams would straight-up sponsor sports betting.

But the times, as Tom says, are a-changin’.

*For the record, EthereumMax is a useless shitcoin with a current market cap of LOL and a current price of $0.0000001488 per coin. Of course, if you put 10 bucks into EMAX today, you’d get 67,204,301 coins. If it then somehow went up to a mere $0.001 (i.e. still firmly in shitcoin territory), you’d turn a profit north of $67,000. Put in a hundred, and you’d be a multimillionaire. Put in a thousand, and…well, you get the idea. Honestly, for most bettors, shitcoins scratch the itch pretty well. All that said, buy Cardano instead. ADA is the future. You’re welcome. -Ed.  

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Anderson Armistead

Fully self-taught because no school would have him, Anderson began writing professionally in 2002. After working with various entertainment sites and tech blogs, Anderson jumped ship to go all in on sports betting in 2014. After all, if you’re going to write, you might as well write about what you love! With SportsBetting.Legal, Anderson’s been doing exactly that in varying capacities since 2019.

While Anderson prefers boxing, he’s not a great fan of MMA or the UFC, and celebrity boxing has soured him on the Sweet Science. He still thinks boxing is tops, but he’s lately become more interested in sports that feature a wider variety of odds on the boards. That said, you’ll catch Anderson on any given Sunday not betting on football, as he prefers baseball and hockey when it comes to the team game.

In addition to sports gambling, Anderson is a stone-cold crypto bro. He might have missed the early rush on Bitcoin, but various altcoins have been paying off handsomely. Plus, the strategic aspects of crypto – including day trading and swing trading (and bragging about it endlessly to anyone fool enough to listen) – have enough similarity with sports betting that it’s a natural match. Anderson also thinks Trump won in 2020, but he bet on Uncle Joe because he knew the fix was in.

Anderson still hasn’t been able to find an Xbox Series X in stock anywhere.