BX.BET: Redefining the Betting Industry
I want people to understand, gambling is not a bad thing if you do it within the framework of what it's meant to be, which is fun and entertaining.
-Michael Jordan
Betting industry is one of the most fruitful and lucrative markets in the current scenario. According to a recent survey, more than 60% of the people are involved in betting one way or other. Gambling has been in existence since earlier times although the products and the methods of gambling have changed a bit. From windowless units situated in dark alleys, the show has shifted to air-conditioned and spacious places with every luxury involved in its set-up. The bookmakers are even showing sporting events live on large screens and offering amenities like tea, coffee, and snacks for partaking while going through their business.
Betting is legal in several countries but in numerous others, it has not been legalized yet. It deals in different genres like betting in casinos, betting on political outcomes and even on market trends. Besides traditional betting on horses, people are now more interested in sports and events like football and cricket matches.
The ban on sports betting does exactly what Prohibition did. It makes criminals rich.
-James Surowiecki
In countries like India, where betting is illegal, people are still an integral part of the black market betting. The most popular betting is via sports, especially cricket. There have been instances when the police have arrested bookies and people connected with it but the results have not made any difference to the overall ecosystem. During IPL matches several important players were found to be involved with betting and were reprimanded, but it was unable to create a viable hole in the system. There is a huge debate about whether betting should become legal in our country or not. This is so because the people are going to bet whether there are laws for or against it. So at least legalize it and let the persons involved get a decent deal. A recent quote makes this point come through strongly with its words which are as follows-
Ultimately, the issue is not whether you are pro - or - anti-sports betting. You Begin, from my standpoint, from the premise that is going to continue to exist, should it be shoved underground, or should it be regulated?
-Adam Silver
The traditional betting industry is centralized and is having several problems like outdated infrastructure, lack of transparency in its dealings, lack of trust amongst the involved parties, high operational costs, strict regulations, odds in favor of bookmakers, and high loses for the general public. The current gambling operators have middlemen in their services that are causing more harm than good. We need a system where the actual power and control rest with its users and no one can predetermine the outcome to suit personal agendas.
BX.BET Platform
BX.BET is a prediction marketplace that encourages betting on its portal. This peer-to-peer decentralized platform works with help of blockchain technology and smart contract. It has been able to cut down the dealings via middlemen successfully and has given full control of transactions and funds to its users.
ICO and Team
The ICO of BX.BET is BX Token and is based on Ethereum ERC20 platform. It is a utility token that will be used in its own platform for transactions and rewards. The core team includes experts and professionals from fields like marketing and operation, management, the blockchain, cryptocurrency, technology, product and usability, finance and business development that have worked diligently to create a new ecosystem that will take the betting industry a step further towards future.
Conclusion
BX.BET is a revolutionary ecosystem designed to disrupt the dealings in the betting industry. It offers a unique experience by redefining the traditional systems. The BX.BET portal is a betting exchange that has launched the BX app for keeping track of every activity and its end result in a transparent manner. I think BX.BET is here to stay as it tries to offer solutions that have hampered the current industry for a long time.
Website - http://www.bx.bet/
Whitepaper - https://bitcointalk.org/index.php?topic=4641799.0#post_
ANN - https://bitcointalk.org/index.php?topic=4641799.0
Telegram - https://t.me/bxbet
Published by - smithjones
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1936039