Sports and Competition Sports and Competition
Thu, January 30, 2025
Wed, January 29, 2025
Tue, January 28, 2025
Mon, January 27, 2025
Sun, January 26, 2025
Sat, January 25, 2025

Crypto.com Expands Sports Futures Trading Amid Legal Concerns


//sports-competition.news-articles.net/content/2 .. -sports-futures-trading-amid-legal-concerns.html
Published in Sports and Competition on Tuesday, January 28th 2025 at 13:45 GMT by MSN   Print publication without navigation

  • Crypto.com launched additional sports prediction markets nationwide Tuesday, amid ongoing legal questions surrounding similar offerings. App and web users are now able to buy and sell derivative contracts that convert into $100 based on the outcome of NFL,

Crypto.com, a prominent cryptocurrency platform, has expanded its offerings by introducing sports futures trading, allowing users to bet on the outcomes of various sports events using cryptocurrency. This move comes amidst a backdrop of increasing regulatory scrutiny and legal concerns regarding the intersection of cryptocurrency and gambling. The expansion aims to capitalize on the growing interest in both sports betting and digital currencies, offering a new avenue for fans to engage with sports through a financial lens. However, this initiative has raised questions about compliance with gambling laws, the potential for market manipulation, and the protection of consumers in this relatively unregulated space. Crypto.com insists on implementing robust measures to ensure fair play and security, but the legal landscape remains uncertain, with different jurisdictions having varied stances on crypto-based betting.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/sports/other/crypto-com-expands-sports-futures-trading-amid-legal-concerns/ar-AA1y10UH ]

Publication Contributing Sources