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Sports Betting Continues to Recover and is Forecasted to Grow by 2027

George Miller

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Sports Betting Continues to Recover and is Forecasted to Grow by 2027
Reading Time: 3 minutes

 

This year has been a hard one not only for sports but also for the sports betting industry. The pandemic has affected sports that were quite a shock to everyone. The cancelations of many major sports events like the NBA, the EPL, and the IPL never really happened before this year and the sports betting industry just wasn’t ready for it.

March was when many sports events started to take a break because of the lockdowns implemented by different countries worldwide and since then, betting companies had a hard time looking for betting odds that they could offer to their customers.

It was only in June when sports started to make a comeback. Major sports events like the EPL, the NBA, the IPL, the Championships League, and many other more started to make announcements that will be able to push through with this year’s seasons. Even the Big Bash League is also set to return and now, you can easily look for Big Bash League live odds on many sportsbooks.

Since then, there have been reports that the sports betting industry is now recovering from the negative impacts that the pandemic has given in the first and 2nd quarter of the year. Recently, a report has also been released by Data Bridge Market Research that sports betting businesses would even continue to grow until 2027.

The report stated that the betting market should be able to grow with a CAGR of 9.99 percent during the forecast period that starts this year until 2027. There a few factors considered for them to come up with this data, but what seems to stand out is the rapid growth of online and mobile betting.

According to the report, the rapid adoption of the internet and mobile devices like smartphones and tablets maximize the interaction time that operators have with their end-users. Through these devices, they can engage with them with online gaming and betting. This is why mobile devices play a significant role in this forecast that concerns sports betting.

Currently, there are already around 4 billion smartphone users worldwide and while this is already a high number, it is still expected to grow. This means that more people would have access to video streaming and instant messaging services that could fuel online and mobile sports betting.

Currently, there are already plenty of sportsbooks apps that people could download and app developers are in competition when it comes to the features that they can offer to their customers. Improved smartphone apps could help boost the betting market.

The application of 5G networks in many places around the world could also encourage online gambling or betting as it could make this activity faster and easier. The growth of the 5G network is already starting any many countries are now starting to make it available for internet users. As this grows, the potential of mobile apps could also be more developed.

Based on the report released by Data Bridge Market Research, the sports betting market is segmented based on multiple sectors. The growth in these sectors could help you understand how operators would work in the industry based on their target markets:

  • Based on the platform (online and offline)
  • Based on application (draw games, instant games, lotto, numbers games, and many more)
  • Based on the types of betting (in-play, fixed-odd betting, exchange betting, daily fantasy, spread betting, e-sports, and many more)
  • Based on the sports type (football, baseball, basketball, cricket, hockey, boxing, horseracing, auto racing, and many more)

According to the report, the top key players at the moment in the betting industry are William Hill, GVC Holdings, Kindred Group, Amaya Gaming, Paddy Power, Bet365 Group, Bet-at-home.com, Betsson, Draft Kings, Fan Duel, BetAmerica, Gala Coral Group, Sportech, Twinspires, and Watch Wager. These are betting sites that would offer services to domestic and global players.

When it comes to the regions where sports betting is increasingly becoming popular, China, India, and countries in the Asia-Pacific are experiencing an increase in awareness of sports betting. North America will be experiencing a significant growth rate within the years 2020 to 2027.

It helps that in the United States, sports betting is becoming more widely accepted. More and more states are starting to look into legalizing the local operations of sports betting and currently, over 20 states now allow this. More countries are also looking into it and this would boost the sports betting industry worldwide.

Bitcoin

FreeBitco.in Takes the Reins of FUN in Multi-Million Dollar Token Acquisition

George Miller

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FreeBitco.in Takes the Reins of FUN in Multi-Million Dollar Token Acquisition
Reading Time: 3 minutes

 

Through a series of ventures, FreeBitco.in seeks to promote the mass adoption and utilization of FUN Token in the iGaming and Gaming spaces.

FreeBitco.in, one of the biggest Bitcoin iGaming websites in the world, has acquired the majority of FunFair’s remaining cold storage of FUN tokens, the native cryptocurrency of the FunFair gaming ecosystem. The cold storage holds 4.45 billion FUN Tokens and FreeBitco.in has acquired 3.75 billion tokens.

Through this acquisition, FreeBitco.in plans to invest in the token’s long-term development.

“Since 2013, FreeBitco.in’s goal has always been to provide online gaming enthusiasts with a frictionless, transparent, and truly fair experience,” said a statement by FreeBitco.in. “There’s no better fit than the FUN token to help us significantly enhance our efforts.”
The FUN Token
Since 2017, FunFair Technologies has been striving to deliver a guaranteed fair, decentralized gaming experience to the mass market through blockchain technology utilizing the FUN token.

“Despite several industry firsts and significant milestones in proving that use case, it has recently become apparent that FreeBitco.in has developed a different and superior use case for the FUN token,” said a statement released by FunFair.

This announcement refers to FreeBitco.in’s Premium Membership Program; a feature that incentivizes FreeBitco.in users to buy and hold FUN tokens for significant benefits. This activity has driven considerable volume into the token economy without the burden of significant on-chain transactions.

“There’s no doubt that FreeBitco.in’s customers are currently generating the bulk of FUN token commercial activity rather than FunFair’s customers,” continued the statement.

“With this in mind and for the token economy to maintain its recent success, FunFair has agreed to sell the majority of their FUN token holdings to FreeBitco.in.”

FUN is an ERC20 token listed on major exchanges Binance, BitFinex, HitBTC, Changelly, and OKEx, as well as decentralized exchanges like Uniswap.
FreeBitco.in’s Vision for FUN
FreeBitco.in aspires to grow the FUN token as an independent entity through a series of upcoming projects.

“Our sole objective, as of now, is to work to increase FUN’s utility and value,” said FreeBitco.in. “We’re thoroughly committed to its long-term growth.”

Accordingly, FreeBitco.in is preparing to undertake the following initiatives:

1. Strategic Burning of Tokens: FreeBitco.in plans to invest a substantial portion of its bottom line into strategically acquiring and burning FUN tokens to elevate their value over time.

2. Improving Liquidity: FreeBitco.in is working on increasing FUN’s liquidity across all markets, thus making it easily accessible and tradeable. This is evidenced by a cumulative influx of $3 million in the FUN/ETH and FUN/USDC trading pairs on Uniswap recently, and other exchanges are set to follow.

3. New Blockchain: Based on the Ethereum blockchain, FUN prided itself on being fast, open, and secure. However, the growth of DeFi on Ethereum has been pushing gas prices up for many months, making the adoption of FUN too expensive for users. FreeBitco.in is actively exploring opportunities to port the FUN Token to a new blockchain that is faster and cheaper.

4. Dedicated Wallet: FreeBitco.in is working on creating a dedicated wallet for FUN users that can operate seamlessly between different iGaming platforms. The wallet would also help users convert their FUN tokens into multiple crypto and fiat currencies.

5. Proactive Development: FreeBitco.in is assembling a development team to build innovative, consumer-facing apps based around the FUN token, thus creating more use cases, strengthening utility, and promoting adoption.

6. Creating Effective Partnerships: FreeBitco.in seeks to build productive partnerships and affiliations with other iGaming entities to promote FUN’s identity as a transactional currency in online gambling.

Note: This is not a partnership between the two organizations, namely FreeBitco.in and FunFair Technologies. The aforementioned acquisition and venture is at the sole discretion of FreeBitco.in.

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eSports

Red Bull Mobile Esports Open Season 3 Finals to Crown the Best Players in the World

George Miller

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Red Bull Mobile Esports Open Season 3 Finals to Crown the Best Players in the World
Reading Time: 2 minutes

 

The third year of the competitive celebration of the mobile gaming scene comes to a spectacular thirteen day conclusion with world finals for Hearthstone® on March 20th, Teamfight Tactics on March 27th, and PUBG MOBILE on March 22nd and 29th.

  • The best Teamfight Tactics, Hearthstone and PUBG MOBILE players in the world will compete on the world stage in an epic thirteen day final, transporting players and fans to a virtual Istanbul.
  • The Red Bull Mobile Esports Open (M.E.O.) Season 3 Finals festival begins when the virtual Istanbul venue opens on March 17th.
  • The event will crown champions for all three games from March 20th – 29th.
  • Season 3 has been the most ambitious to date, with over 22,000 players registering to compete.

Red Bull M.E.O., the global mobile competition where Teamfight Tactics (TFT), Hearthstone®, and PUBG MOBILE players across the globe have been battling for supremacy, comes to an exciting close in March 2021! In its third year, the mobile open will close out its most ambitious season to date with an extraordinary thirteen day world final beginning on March 17th, transporting fans to a virtual Istanbul. The event will see national winners from 28 countries compete on the world stage to identify the best players on the planet. Alongside the highest tier of competition, the world final will offer fans a digital festival celebrating one of the world’s most beautiful cities, including virtual tours, exciting live streams, interactive challenges, and much more.

Uniquely positioned on both the continents of Europe, and Asia, Istanbul is the perfect digital battleground for the global competition. The immersive playground will feature three areas dedicated to the Red Bull M.E.O. Season 3 games, with the tournaments taking place in iconic and historic locations of Istanbul. The Hearthstone competition will take place at Grand Bazaar, one the oldest and largest markets in the world, and TFT will take place at the vibrant Ortaköy Square.

The PUBG MOBILE finals will be split into two regional events to ensure the best possible experience for players, crowning Red Bull M.E.O. Season 3 Champions of East and West respectively, and will take place at the Haydarpaşa Train Station & Dock. Engaging events throughout the final will include an airdrop treasure hunt available in the PUBG MOBILE district. The finals will also offer virtual tours of some of the city’s most iconic locations including Sultanahmet Square and Galata Tower, video content and streams, interactive mini games, and more. Istanbul has already played host to the Red Bull M.E.O. National Finals for Turkey in July, a spectacular event which saw players compete from their cars on a moving ferry to ensure social distancing.

The high-stakes competition kicks off on March 20th with the global final for the fast-paced strategy card game Hearthstone. Truly open to all, the exciting Red Bull M.E.O. Season 3 Finals stream will see players compete in Riot Games’ auto battler TFT on March 27th. The thirteen day festival will host two competitions to crown the best PUBG MOBILE players on March 22nd (East), and March 29th (West), and some of the biggest pro organisations in the world battle rising stars from every corner of the globe who have proven themselves in national competitions.

Red Bull M.E.O. Season 3 has been the most successful yet, with more players than ever before competing in national events in 28 countries. Season 3 began in May 2020, and has seen more than 22,000 players around the world register to compete.

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Latest News

Genesis Global partners with Wazdan to extend games offering to customers

George Miller

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Genesis and Wazdan
Reading Time: < 1 minute

 

Players can now enjoy Wazdan slots on Genesis casino brands

Genesis Global have once again expanded their content of games by collaborating with popular slots provider Wazdan, to offer their customer the entire selection of games.

The partnership will mean Wazdan games are available on fourteen of Genesis’ online casino brands to players located in Sweden, UK and most of Europe, offering popular titles such as Magic Stars 9, Larry the Leprechaun and Space Spinstm. Players can enjoy more than 110 HTML5 games with tech-rich features such as Volatility Levels™, Energy Saving Mode, Double Screen Mode, Unique Gamble Feature, Ultra-Fast Mode, Ultra Lite Mode, and the newly released Big Screen Mode

“Genesis is excited to partner with Wazdan, allowing us to enhance and expand our player experience. It is fundamental for us to work with companies that share the same vision to provide high-quality online gaming experiences using the latest technological advancements.” Says Ariel Reem, CEO of Genesis Global.

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