Chipz Betting Platform Announces Nft Marketplace And Ufc Ambassador

Additionally, you must be at least 19 in Nebraska and Alabama and over 21 in Iowa, Massachusetts, and Louisiana. There’s a lot of chatter informative post about the challenges of the state-by-state approach to legal US sports betting and online gambling. From local server requirements to licensing costs to disparate regulations, operators are finding the US online gambling landscape a hard row to hoe. The company is continuing to secure partnerships and bolster its portfolio of services.

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Already the NBA Top Shot platform, created in partnership with the company that launched “CryptoKitties,” Dapper What Are Prop Bets? Betting Props Explained Labs, auctions off clips from basketball game videos, called “moments.” With these virtual figurines alone, it has raised about $500 million. A single ten-second snippet of a LeBron James play was purchased for $208,000. In late 2019, the sportswear company Nike patented an NFT project called CryptoKicks.

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Although the expansion of its online Sportsbook in new markets could help grow its customer base and further improve fan engagement, several class-action lawsuits filed against the company could foster bearish investor sentiment. The Entain deal, if successful, would mark an international expansion for DraftKings, whose business has been booming throughout the pandemic. In Q2, the company reported revenues of nearly $300 million and boosted its sales outlook for the full year to $1.29 billion. DraftKings has reportedly made a $20 billion offer to acquire British industry peer Entain in a stock and cash deal.

He’ll want the NFT so he can flaunt it, flex it and perhaps to use it in a metaverse or a play-to-earn game. This “Influence NFT,” let’s call it, wouldn’t be as simple as just rewarding the number of Twitter followers. If you bought the VIP ticket, the NFT unlocks your access to visit Drake backstage, or maybe it gives you exclusive access to future digital goodies. Alex Weldon – Alex is a journalist from Dartmouth, Nova Scotia, Canada. Now site runner for OnlinePokerReport, he has been writing about poker and the online gambling industry in various capacities since 2014. It’s no coincidence that the game DraftKings Rocket takes its inspiration from is popular among cryptocurrency users.

Most notable about the tokens is the fact that no crypto is required to make a purchase; DraftKings sells their NFTs with USD only. This makes buying less of a hassle for those who are not familiar with crypto but want a token regardless. Also emerging as an online phenomenon, the popularity of blockchain-powered cryptocurrencies is becoming increasingly prevalent with more and more retailers accepting them and recognizing their value. By transcending national boundaries, cryptocurrencies enable users from anywhere in the world to access online services. With in-built ‘trustless’ attributes, cryptocurrencies are becoming increasingly safe and secure to use and in being virtual, these assets are being regarded as the ‘internet of money’, with their usage and acceptance only expected to increase.

If you are a fan of blockchain betting experiences, we recommend visiting Sportsbet.io, Cloudbet.io or FortuneJack.com. DraftKings has put no official date on the marketplace but feels confident that its large customer base will take to the NFT assets that will be available. None of MLB, the NFL, the NBA, the NHL, the Cubs, the Bears, the Bulls, the White Sox, or the Blackhawks have endorsed, supported, directed, or participated in the creation of the content at this site, or in the creation of the site itself. It’s just a media site that happens to cover MLB, the NFL, the NBA, the NHL, the Chicago Cubs, the Chicago Bears, the Chicago Bulls, and the Chicago Blackhawks. In addition to news, Bleacher Nation publishes both rumor and opinion, as well as information reported by other sources. Information on Bleacher Nation may contain errors or inaccuracies, though we try to avoid them.

Read on and understand what NFTs are and why they are seen as an important product for the future of the art and collectibles market and even as an investment. On Oct. 22, BetMGM Sportsbook representatives sent reporters a preview of the new commercial featuring Gretzky. The ad ends with BetMGM calling itself “The King of Sportsbooks,” though it doesn’t actually hold the top spot in that vertical, even in the US sports betting market.