Fantasy Cricket is an online system-based game in which you must assemble a virtual team of real cricket players who will compete in real matches across the world. The goal is to pick your best 11 from the teams that are playing on any given day and outscore your opponents.
Many Fantasy platforms have evolved on the internet throughout the years, including Dream11, FanFight, Gamezy, MyCircle11, and many others. You can select to play T20, ODI, and Test cricket in a variety of domestic leagues, international competitions, and ICC matches on these platforms.
Fantasy Sports – the Best of Entertainment World!
Fantasy cricket opens up a whole new realm of enjoyment for cricket fans. Cricket is a popular sport that is enjoyed by a large number of people. The cricket obsession has reached new heights, particularly in India.
As a result of this enthusiasm, Indian fantasy cricket has exploded in popularity. There are a plethora of fantasy cricket applications where you can go and watch as much live cricket as you like. In India, the fantasy cricket app has received a lot of positive feedback from cricket fans.
It’s incredibly easy to participate in an Indian fantasy league. All you have to do now is create your virtual squad, choose your players, and sit back and enjoy the game. You must first make a financial deposit before participating in a contest.
Cryptocurrency – the Best Mode of Transaction Today!
Cryptocurrency. It’s the newest buzzword in the investment industry. But, exactly, what is cryptocurrency? Do you know what Bitcoin, Dogecoin, Litecoin, XRP, and Ethereum are? No, these aren’t the titles of some cheesy rock bands from the 1990s. They’re different kinds of cryptocurrency (aka digital money). And they’re all the rage right now.
With cryptocurrency being in the market and fantasy sports taking the charge of the entertainment industry, a lot of Fantasy Sport App developers now look forward to integrating crypto currency as a payment mode.
Is It Legal to Bet on Sports with Crypto?
The Indian High Court filed a complaint against popular fantasy sports app Dream11 in 2017. In its ruling, the court concluded that playing the Dream11 sport necessitates heightened attention, understanding, and judgement. The Court also found that the element of skill played a significant role in the outcome of Dream11 sports. However, in some Indian states, such as Assam, Odisha, and Telangana, the norms and laws prohibit Fantasy Sports.
The Supreme Court of India heard an appeal against this rule, which was dismissed. The decision gave the Dream11 organization legal standing, allowing them to conduct all of its gaming functions and operations across the country.
Thus, fantasy cricket has no legal issues involved. Cryptocurrency is accepted universally by the Indian government. too accepts the payments.
Blockchain and Cryptocurrency in Fantasy Sports Betting
In sports betting, blockchain and cryptocurrency would play a crucial role in the nearing future. The entire database is saved on Blockchain, which is encrypted and authenticated by the user and anybody else on the network. Thus the safety and security of the data can easily be taken care of.
When it comes to reporting an incident, private books typically do not provide the information, causing extra problems for the bookies.
This type of data-related difficulty will be eliminated, yet everything will remain transparent for everyone.
Implementation of Cryptocurrency on a Fantasy Sports Platform
Cryptocurrency, Ethereum, and blockchain technology may be used to conduct all financial transactions, including entrance fees, bonuses, coupons, and winnings withdrawals. This aids in the reduction of high challenges, immediate transactions, and settlements, as well as the exclusive reduction of fees.
The most significant advantage of using cryptocurrency is that it opens your fantasy sports gaming platforms to the rest of the world because cryptocurrency is free of government regulation and is not subject to any country’s crypto exchange rates, interest rates, transaction fees, or other costs.
As a result, crypto and blockchain can be utilised to facilitate international transactions.
Cryptocurrencies have also dipped into business market surveillance and are now being used to provide users with accurate game-based information based on a Proof-of-Skill agreement algorithm.
Why Is It Vital for the Sports Platform to Have a Crypto Solution?
Crypto transactions have made it really easy for the users to make payments in the application. CyperTech Sixer offers a user-experience that is reliable and credible. We build solutions that use blockchain technology and fantasy elements to reflect the best results.
Some of the reasons why our experts suggest using cryptocurrency as a platform for fantasy sports transactions are:
- Cryptocurrencies with a perfect use case will outlast the competition.
- Withdrawal is simple and there is a modest cost.
- There is no minimum withdrawal amount.
- Money is available right away.
- Blockchain is a type of distributed ledger technology.
In addition to providing openness, visibility, and high security, Blockchain technology eliminates any rumours of insider trading or preferential rules and regulations for ecosystem players. The Blockchain & Crypto Solution also establishes a highly secure platform for the ecosystem’s global expansion.
