Published
OnlineFinancialSports BettingIndustry

Analysis: Tech-savvy bettors will drive crypto-esports partnership

Betting on esports has a long way to go before it can compete with mainstream sports in terms of revenue and popularity.

eSports

Viewing numbers are rising, with the League of Legends Championships attracting 106.2 million viewers in 2017, and betting figures will naturally correlate. But it will need another push to cement itself; could it find that in crypto-currencies?

While crypto has come a long way, Eman Pulis, CEO of the Malta Blockchain Summit, thinks there is still a knowledge gap putting players off. He believes crypto-currencies are inching closer to the mainstream, though they're not quite there yet.

It is likely however, this gap will be closed as the next generation of bettors comes through. How many generations is unclear. But if the rise of online gambling from its origins in high street betting shops is any indicator, once momentum builds, it will be hard to operate without the payment option. 

So what does the future hold for this partnership? Pulis believes both industry sectors have flourished separately, until recently.

Pulis exclusively told Gambling Insider: "A changing user demographic means the more traditional player has been replaced with users that are more tech-savvy, more interested and knowledgeable about crypto-currencies.

"As that knowledge gap narrows, esports companies are more likely to shift their focus towards digital currencies. Their confidence in doing so is partly down to the fact blockchain offers an ecosystem for crypto-currency transactions that is safe, fast and transparent; mitigating a lot of the associated risks."

Pulis was speaking to Gambling Insider magazine for a feature in its July/August edition.

Click here to register for free and read the article in full when published.

Premium+ Connections
Premium

Sport Generate

 
 
Premium

Revsharks

 
Premium

Galaxsys

 
Premium

Digitain

 
Premium

Lynon

 
Premium

RISK

 
Premium

1xBet Partners

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...