Blockchain Is A Safe Bet For Sports Gambling Decentralization
By John Juricich ( June 25, 2018, 11:19 AM EDT) -- Betting on sports means large amounts of money changing hands quickly through third-party facilitation and accounts: the necessity and desire of speed, accuracy, transparency and security is obvious. Enter blockchain — a distributed ledger technology that is quick, accurate, public and secure and has the potential to be a disruption in virtually every market sector, including revolutionizing the recently ignited betting world. With the U.S. Supreme Court's recent ruling striking down as unconstitutional a 1992 federal law banning sports gambling in most states, essentially freeing states to decide whether or not to approve gambling, the betting industry is poised for a meteoric rise — sports betting and blockchain could be a goldmine marriage between tech and sports....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.