Exodus wallet integrates with SportX to enable esports betting with crypto


Exodus cryptocurrency wallet is officially integrated with SportX, an online sports betting and crypto platform, which gives users the opportunity to bet on e-sports betting using smart contracts implemented on the Polygon network.

The partnership, which was announced on Tuesday, gives Exodus over one million users access to SportX’s decentralized betting platform, where they can bet on a wide range of sports and sports using cryptocurrency. The minimum bet is $ 5 denominated in US dollars (USDC), which can be sent directly to the Exodus wallet or exchanged with one of the 138 cryptocurrencies it supports. All markets that are created, traded and settled in SportX are served through the Polygon network.

SportX is currently licensed for use in Canada, South America and most European countries, with the exception of France and the Netherlands, and throughout Asia.

Esports, a multiplayer video game played in front of spectators, has grown into a multi-billion dollar and large developer industry that Halo has entered the market.

While the relationship between cryptocurrency and e-sports is still in its infancy, industry experts have identified a “special connection” between the two. Both societies share similar demographics and use technology that transcends geographic regions. Game financing, also known as GameFi, is expected to open up new opportunities for the e-sports industry. (GameFi, however, is not limited to funding e-sports, but digital games in general.)

Related topics: Coinbase has partnered with an esports gaming organization participating in the League of Legends.

Meanwhile, crypto exchanges continue to expand their presence in the e-sports market, with FTX led by Sam Bankman-Freed. In August, the derivatives exchange signed a seven-year agreement with Dolphin Entertainment to create fungible tokens targeting brands in various sectors, including e-sports. In June, FTX signed a $ 210 million name deal with esports giant TSM.



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