With sports betting ban down and decentralized derivatives protocols, we’ll soon be able to use crypto for wagering on sports events! World Cup here I come!!!


In one of the recent Bloomberg articles ([https://www.bloomberg.com/news/articles/2018-05-14/u-s-supreme-court-strikes-down-federal-sports-wagering-ban](https://www.bloomberg.com/news/articles/2018-05-14/u-s-supreme-court-strikes-down-federal-sports-wagering-ban)) it was announced that U.S. Supreme Court freed states to legalize gambling on individual sporting events with gambling to begin in a matter of weeks in casinos and racetracks in New Jersey, which instigated the legal fight by repealing its gambling ban. Mississippi, Pennsylvania, New York, Delaware and West Virginia could follow soon, and the number of states might reach double digits by the end of the year.

Since there are projects currently being build to enable trading of derivatives that enable crypto and off-chain relationships like [marketprotocol.io](https://marketprotocol.io), in case of a reliable Oracle solution available, their contracts could in theory be used to create “bets” for sports events, in which the entire settlement would happen on chain and at the same time settle in any ERC20 token!

Very good news IMO, can’t wait to see if these types of contracts can be built 🙂

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