BetU is a brand-new sports betting platform that uses cryptocurrency and comes with its own utility token.
The conventional forms of gambling on sports are no longer relevant in the modern era of sports betting, which has shifted its focus to cryptographic forms of wagering on sporting events.
BetU is going to be a peer-to-peer platform for betting on sports, eSports, and cryptocurrency. BetU tokens are used to protect and power the smart contracts that do this.
Bets are placed on the outcomes of athletic competitions as part of the pastime known as “sports betting.” European football (soccer), tennis, American football, horse racing, basketball, golf, and boxing (mixed martial arts) are the most popular sports when it comes to the number of bets placed on them.
In Europe, the most popular form of online gambling is sports betting, which accounts for 41% of gaming income, followed by casino sums, which account for 34%, and lottery revenue, which accounts for 15%.
In the year 2020, Europe had 45.9% of the global market share for online sports betting, followed by North America with 25.5% and Asia with 20.5%.
What exactly is BetU?
BetU is an online marketplace that facilitates betting between users on esports, traditional sports, and cryptocurrencies. The Gaming firm long-term goal is to become the most important player in the $391 billion USD worldwide markets.
BetU crypto tokens
The betting token serves as the only form of money in the BetU marketplace and is responsible for powering the whole ecosystem.
Within the framework of the platform, the utility token will be the only type of money that may be utilized. Before you can bet on the platform, you will need to convert fiat currency and other cryptocurrencies into tokens, just like you need casino chips to play the tables in a casino.