Using bitcoin in the fantasy sports game for betting is one of the fastest-growing departments in the bitcoin industry.
Since fantasy sport has different rules and regulations across the globe and the people are restricted to make any banking transactions due to gambling laws in their respective regions, and the popular fantasy sports platforms will not be in a position to offer their services to players. Playing fantasy sport using bitcoins will make things lot easier and more simplified as bitcoins offer total anonymity and offer complete security as they are not linked to a player’s bank account.
The existing popular fantasy sports companies are embracing the change to accept bitcoins. While the game remains the same and the points system in the Fantasy sports, the difference is that the payment mode is Bitpay to make account top up’s using bitcoin or the traditional way of online transaction, or so-called the conventional money.
There are also players in the fantasy sports industry who only accept bitcoins and have as diverse offerings as non-bitcoin sites. The primary advantage of playing using the bitcoins is that bitcoin is not considered to be a currency by many countries in the world and the participants are not legally risking any money when played fantasy sports with bitcoin.
The secondary part is that the value of bitcoin is dynamic and it keeps changing significantly. If a player wins a game, you will be astonished to see that they have won more money than what you’ve expected.
To promote players to play bitcoin fantasy sport, the platforms offer some sort of welcome bonuses to players who are new to the platform. Usually, the operators match the amount that the player initially deposits to play. Along with there are no limits on the number of competition pools in which a player can participate.