It’s no secret that the Venn diagram intersection between sports bettors and crypto investors has grown dramatically over the past year.
At the start of the pandemic, with live sports shut down, many of the people who used apps to bet on sports turned instead to swiping through stocks on Robinhood, and buying Bitcoin on Coinbase, Robinhood, Square, or elsewhere. And notably, this is also when Barstool Sports honcho Dave Portnoy rebranded himself as a day trader, and he, too, bought Bitcoin—though he panicked and sold when it dipped, at a loss. The rebound in the stock market (even while the broader U.S. economy was still flailing), the GameStop short squeeze pulled off by Reddit users on WallStreetBets, and the crypto bull run were all part of the same pandemic-fueled retail investor revolution.
But the overlap between gambling and crypto is not new. When I was at Fortune in 2015, I closely covered the rise of DraftKings and FanDuel, the „daily fantasy sports” (DFS) companies t
Źródło: https://decrypt.co/63854/why-the-nft-boom-feels-so-much-like-gambling
