A boom in the sports betting industry has been accompanied by various problems typical for a developing market with high growth potential. Both players and betting service providers indulge in cheating and fraud, while centralized sports betting servers are notoriously insecure.
As new players are entering the market to satisfy an ever-growing interest towards sports betting, it is vital to find solutions that will reduce the risks and ensure the safety and transparency both for players and betting service providers.
Considering the trustless nature of blockchain-based systems, they may be ideally suited for the needs of the industry. A sports betting platform based on blockchain technology can help dispel mutual distrust and build a solid foundation for healthy development.
Betmatch is a blockchain-based solution for betting service providers that allows players to bet against each other using cryptocurrency and offers custodial services for cu...