Coingaming, one of the leading iGaming providers for the Bitcoin industry, announced today that they have launched Bitcoin sports betting software. The sportsbook will be Bitcoin only and will be launched just in time for the start of the Premier League, which starts August 8th.
The sportsbook will be a great addition to Bitcoin operators who already has success to some degree but wants a new tool to be able to create revenues from their customers. With low cost and a fully maintained platform, it is very easy to provide players with a great betting experience.
Mark McGuinness, Communications Director of Coingaming, said: "The underlying bitcoin sportsbook technology shall offer significant advantages over traditional fiat currency based fixed-odds platforms. We have over 10,000 live betting markets on offer per week, including fast developing betting sports such as MMA and eSports. Benefits for the player include the ability to place larger bets on events on any device with better odds, instant deposits and cash-outs. These features will appeal to young smart, mobile focused sports bettors that demand instant gratification.”
The Bitcoin sports betting market has been on the rise for the past few years, with many bettors switching to Bitcoins due to the higher odds, which in turn is possible because of the low operational costs that the Bitcoin offers.