Sony Files Patent for Esports Betting Platform Using Bitcoin
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Sony files patent for esports betting platform using Bitcoin, this platform will allow users to bet specifically using Bitcoin.

You can view the entire patent here, it was found on Patentscope, recently published although it was originally applied for in 2019.

According to IGN, the patents suggest a system meant for viewers of livestream eSports events, such as fighting game tournaments. They will be able to bet on the outcome of matches while watching the live-action. The users can place their bets using the system that works via a user interface that can be bought up over the stream.

The patent suggests, “Wagers may be pecuniary, e.g., money or bitcoin, or maybe non-pecuniary, e.g., game assets, digital rights, and virtual currency. When wagers are pecuniary the odds offered may account for government take out, e.g., if the calculated odds are 5-1, the offered odds may be reduced to 4-1 to allow for some wagering assets to remain after payouts for the purpose of paying government takes out. Wagering assets may be tied to a spectator’s electronic wallet.”

This will allow the participants to earn and bet currency inside the game. They will also be able to wager, this includes the NFTs (non-fungible tokens). While the odds would be determined via “machine learning.”

This might be turn out to be a progressive move considering the fact that people are getting attracted towards cryptocurrency, as many tend to be moving away from the traditional, centralized methods of currency, savings, and investment.

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