Blockchain technology is being used in many industries, and it is not surprising to see it being applied to the online betting industry as well. Besides building trust between parties, namely customers and platforms, it also supports better relationships with regulators. Moreover, blockchain makes it possible to offer fairer odds to customers, for instance. The decentralized nature of the blockchain means that it is difficult to manipulate, which makes it more secure than centralized databases. However, the traditional online gaming space suffers from multiple drawbacks, including centralization and a general lack of transparency.
