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Tag: crypto
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Gambling App First To Feature Sports Betting On Margin
Key takeaways Crypto.com’s new “OG” mobile app is marketed as a social “prediction market.” OG plans to let users borrow money to increase bet sizes with margin trading. Margin can amplify financial losses in emotion-driven sports betting. OG launched as the CFTC signaled support for new sports betting rules. Some states have ordered prediction markets…
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DraftKings To Allow ‘Converted’ Bitcoin, Crypto In Betting Deposits
Key takeaways DraftKings plans to launch a cryptocurrency deposit feature, including Bitcoin. Users will convert cryptocurrency to cash for betting. Crypto will not be allowed directly for deposits or wagering. The feature will launch first in four states. Crypto-fueled gambling may boost risks for problematic user behavior. DraftKings’ Plans for Bitcoin and Crypto DraftKings plans…
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