Sport news-Page 29
Union of European Football Associations Implements Blockchain-Based Ticketing System
The Union of European Football Associations (UEFA) has successfully deployed a new ticketing system via mobile phones based on blockchain technology, according to an August 16 press release. After the “successful implementation” of the blockchain ticketing system for 50 percent of the tickets for the 2018 UEFA Europa League final in Lyon in May, the UEFA had decided to increase the technology’s reach “to all of the general public” in Estonia. The official UEFA announcement states that “100% of the match tickets” for the UEFA Super Cup soccer match between Real Madrid and Atletico Madrid held in Tallinn, Estonia on …
Blockchain / Aug. 16, 2018
Basketball Team Sacramento Kings Mine Ethereum to Fund Tech Education Scholarships
The Sacramento Kings basketball team has teamed up with a crypto mining hardware firm to install mining machines in an indoor arena, with the crypto earnings funding a scholarship program, local news outlet The Sacramento Bee reported yesterday, June 28. The Kings have partnered with company MiningStore for the installation of Ethereum (ETH) mining machines in Sacramento’s Golden 1 Center. All crypto proceeds will go to multi-year scholarship program MiningForGood, which the Sacramento Bee describes as a charity for tech education and workforce development in Sacramento. The first recipient of funding from the Kings will reportedly be an initiative for …
Adoption / June 29, 2018
FIFA World Cup 2018: Crypto for Betting, Hotels, Booze and Flights
Major sporting events always attract a massive amount of attention across the world and it is encouraging to see cryptocurrencies being integrated into the many aspects of the event. We’ve seen this happen at the Super Bowl and the Winter Olympics in the past six months, so it’s not surprising that Bitcoin and cryptocurrencies are becoming far easier to use in the many industries involved in these major events — from hospitality to gambling. Football Every four years the global sporting community feasts on a festival of football at the World Cup, as the world’s most popular sport takes centre …
Adoption / June 22, 2018
Blockchain Sports Betting App to Predict Outcome of World Cup Matches
A blockchain-based application that helps sports fans receive “reliable and transparent” betting advice has launched its main platform – only a couple of days after the football World Cup kicked off in Russia. BlitzPredict aims to provide innovative solutions to the issues that have plagued the betting industry in recent years by recording predictions on the outcome of sporting events on an immutable blockchain. These predictions will be time-stamped against true market odds, with the Las Vegas-based company saying this feature will create a “verifiable, public record of everyone’s predictions.” It is hoped that this technology will enable users to …
Blockchain / June 19, 2018
Blockchain Gaming Company Launches Free Fantasy World Cup Tournament with $135K Prize Pool
A blockchain-based gaming company which offers its own cryptocurrency for in-game purchases has announced it is collaborating with a fantasy sports giant and offering free tournaments to mark the World Cup. GameCredits is teaming up with FanDuel, a large daily fantasy sports company, and says the competitions will run throughout the major sporting event. As well as $35,000 in cash, the prize pool also offers $100,000 worth of GAME – the platform’s cryptocurrency. It is hoped that the fantasy football tournaments, which commence on June 14 and run until July 15 – the date of the World Cup final – …
Blockchain / June 18, 2018
World’s Largest Crypto Exchange Binance Invests in Blockchain-Based Esports Platform
The world’s largest crypto exchange Binance has made an undisclosed investment into blockchain-based esports voting platform chiliZ, according to a press release published today, June 5. According to the announcement, the Malta-based platform in which Binance is investing is part of Mediarex Group, a global sports and entertainment company. Binance and chiliZ will reportedly “join forces” to provide the sports industry with a “fan-driven token ecosystem for traditional sports teams.” According to the press release, chiliZ has already raised $27 mln via an ongoing “private placement”, evidently a closed token sale. The company claims that Binance’s investment will “enable the …
Blockchain / June 5, 2018
NBA’s Dallas Mavericks Will Accept Bitcoin For Tickets, Mark Cuban Promises
Mark Cuban, billionaire tech investor and owner of the NBA team The Dallas Mavericks tweeted on Tuesday, Jan. 16 that starting next season, it will be possible to buy tickets to the team's games with Bitcoin. The Dallas Mavericks won’t be the first basketball team to start accepting Bitcoin as payment for tickets. The Sacramento Kings officially started accepting Bitcoin for promotional products as well as for tickets as far back as 2014. Cuban is a prominent figure in the cryptocurrency industry. He is famous for not only investing in a digital currency hedge fund and an ICO but also …
Bitcoin / Jan. 16, 2018
GKS Katowice soccer club accepting Bitcoin
A professional soccer club from the south of Poland has become the first to accept Bitcoin. This means fans can now pay for merchandise and tickets to matches with the digital currency. BitcoinWarrior quotes GKS Katowice coach Wojciech Cygan as saying, “We want to be innovative and to show our fans that we have great ambitions to be one of the best football clubs around.” Cygan also noted that Bitcoin allows fans to deal direct with the club, buying tickets in a straight wallet-to-wallet transaction. Team press officer Marcin Cwikta backed up that statement. “This is another example of GieKSa …
Adoption / Feb. 27, 2014