Enlarged legalized sports bets are "inevitable," said Adam Silver, NBA commissioner. In June 2018, Americans will find out if his prediction was correct: the United States Supreme Court should rule on a case to overturn a gambling ban.

New Jersey is making moves in the United States. Money

The Act on the Protection of Professional and Amateur Athletes (PASPA), a law passed in 1992, stipulated that any state that did not legalize sports betting in 1993 was prohibited from doing so. US players had to use foreign sites. Thousands of American friendly sports bets – companies taking bets – operate at sea.

Most of them are based in Malta, Isle of Man, Antigua, Curacao or even indigenous territories, such as the Canadian Kahnawake. In the United States, however, bets could be legally made only in Delaware, Montana, Nevada, and Oregon. But in June, the Supreme Court could allow states to decide for themselves.

The case was raised by New Jersey who seeks to overturn the ban for years. In 2012, the rival state challenged federal law by allowing sports betting. But a smart initiative did not work: the four major professional sports leagues and the National Collegiate Athletic Association (NCAA) filed suit. Since the adoption of PASPA, New Jersey has challenged the ban six times in court without success

Many new sportsbooks are coming

This year, according to the experts, the situation will be different: the air. According to the report of Eilers & Krejcik Gaming, at least 18 states plan to introduce bills this year to regulate sports betting. The court's decision could open the door to new sportsbooks in the United States.

"Let's say the Supreme Court returns with a decision in June. New Jersey has already indicated that he is ready to relocate, "said Chris Grove, general manager of Eilers & Krejcik. "New Jersey could be operational one year from now."

The big question is how to handle all these old and new sports books and ensure their safety and transparency. Several Blockchain companies are already working in this area. Platforms such as BlitzPredict hope to make the betting industry smarter and more predictable for gamers. The start of the ICO is scheduled for January 22nd.

From Game to Financial Modeling

Blockchain platforms can act as aggregators of sports books providing cash and advanced tools to users. "We are at the intersection of Blockchain and Sports Betting," said Brett Richey, CEO of BlitzPredict. "We want to build tools for Blockchain prediction markets like Gnosis, Augur, and Stox, in addition to traditional sportsbooks, and there is huge consumer demand for these projects."

BlitzPredict creates a community, where betting fans and experts could share their prediction models. Sports betting can become a financial instrument if you apply analyzes and statistics. Knowing the odds will help players make informed decisions. BlitzPredict aims to aggregate data from prediction markets and sports betting to provide users with the best odds available on the market for specific events.

The online betting industry is expected to reach 80 billion dollars by 2022. a lot of money there. For now, cashing can be a headache, taking days and sometimes weeks to transfer funds. Cryptocurrencies can help solve this problem, and new Blockchain-based platforms are striving to offer tokens to facilitate transactions.

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