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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


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Blockchain-based Betting Platforms Disrupt the Online Gambling Industry

January 24, 2023 By Crypto Reporter PR

The emergence of blockchain-based betting platforms such as BetDEX, Dexsport.io and Betswap is revolutionising the online gambling space. These platforms, built on blockchain technology, allow for secure, transparent transactions and smart contracts, ensuring automatic and instant payouts. This approach eliminates the need for a centralised intermediary and provides users with a fair and transparent online betting experience.

Industry leaders, BetDEX, Dexsport.io and Betswap, offer a wide range of betting options for users, including sports, esports, and even politics. They also provide their tokens, which can be used to place bets and receive rewards. These tokens can be traded on cryptocurrency exchanges, providing users an additional revenue source.

One of the major advantages of these platforms is their decentralisation and low fees, which allows for a high level of autonomy and freedom for bettors. This is in contrast to traditional online betting platforms, which are often subject to government regulations and can be blocked in certain countries.

Varun Sudhakar, Co-Founder and CEO of BetDEX, said: “The sports betting industry charges high prices for poor products and limits trades by its most successful users. BetDEX is diametrically opposed to this approach, we will successfully compete against incumbents with a markedly superior product and low fees, which is now possible with the advent of blockchain technology. Winners will always be welcome on our protocol.”

In addition to providing increased opportunities for bettors, we also witness increased blockchain betting free bets being promoted. These are bonuses and promotions geared specifically towards bettors seeking blockchain betting services. Blockchain free bets come in all varieties, depending on the service provider. From free tokens for new players to loyalty bonuses and enhanced prices, gamblers now have an extensive list of blockchain betting sites and promotions to compare.

Online betting aggregator freebets.ltd.uk is leading the way in the niche yet emerging world of blockchain betting, with its site collating the best operators and the latest betting offers for 2023.

Steve Gummer, Director of freebets.ltd.uk, comments: “The rise of blockchain-based betting platforms and promotions indicates that the UK online gambling industry is ready for disruption. With their cutting-edge technology and decentralised approach, these platforms are well-positioned to lead the way in this new space. We at freebets.ltd.uk are excited to serve the UK’s burgeoning community of blockchain bettors and work with these disruptive brands”.

Filed Under: Press Releases

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