DECENT.bet [DBET] has massive potential and why you shouldn’t overlook it
“Decent.bet is a transparent and verifiable sports betting and gambling platform hosted on Smart Contracts in the Ethereum blockchain. Decent.bet allows anyone to buy into houses on the platform and receive returns based on profits obtained during operations for each quarter.”
Why is DECENT.bet valuable…
Up until recently there was a federal law in the U.S. prohibiting sports betting. That law was just removed. It is now legal for any State to allow sports betting.
According to a Statista survey, nearly 50% of people over 18 have placed a bet on a sports event at least once in their life.
The global gaming/gambling market is more than 400 billion U.S. dollars annually. Betting makes up 30-40 percent of that. Of that the fastest growing segment is online betting. Online gambling is now over 40 billion and growing. This new legislation could be a huge catapult to exponential growth.
In comes DECENT.bet, one of the few decentralized betting platforms focused on sports. With a market cap of roughly 30 million (at the time of writing), they seem to be flying under the radar.
DECENT.bet’s team is headed by Jedidiah Taylor, a serial entrepreneur and former CEO, CFO, and COO in multiple technology companies. Their Senior Director of Technology is Adrian Scott, a founding investor in Napster, an angel investor, and a serial entrepreneur. Scott got a head start by graduating with a Ph.D from Rensselaer Polytechnic Institute at the age of 20.
Recently, the biggest news is that DECENT.bet is switching to the VechainThor Platform from Ethereum. The DECENT.bet team said:
“The transition to VeChain will be smooth, their product is world class, and they have designed this system to help onboard parties like ours, who are frustrated with Ethereum.”
This statement and transition is important for two main reasons:
- Considering Vechain’s upcoming mainnet release, DECENT.bet will likely get a ton of added exposure for being one of the first companies to utilize the VeChainThor Platform.
- VeChainThor must be a stellar product for DECENT.bet to have made the switch just weeks before launching on Ethereum. And if VeChian Thor is stellar, it is likely to only grow in popularity, which will only increase DECENT.bet’s exposure.
As VeChainThor’s mainnet approaches and DECENT.bet gets closer to launching their cryptocurrency mainnet and IOS app, DECENT.bet’s potential will only become more and more evident.