Crypto to account for 10% of World Cup bets

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Updated November 22, 2022 | Published November 21, 2022

2 mins read

Around $18bn of crypto soccer bets are expected for the World Cup.

Crypto is likely to make up at least 10% of all bets on the FIFA World Cup 2022, according to research by OddsGecko.com in partnership with CryptoGamblingNews.com.

It was suggested that the total wagers on matches from FIFA’s World Cup 2022 are likely to exceed the predictions from 2018 for $130bn, with both on-chain analysis and interviews with operators showing that crypto wagers will be around $18bn this time around.

This puts projections for total betting activity on the World Cup in Qatar to be around $180bn.

According to a spokesperson, “Cryptocurrency betting has come a long way over the past four years, and we expect it to account for a significant share of total industry handle throughout the coming month of football. With regulators increasingly looking at ways to incorporate cryptocurrency betting into both existing and new licensing frameworks, this is a trend that’s only going to continue.”

CryptoGamblingNews.com is one of the leading crypto-focused affiliates in the crypto gambling space, along with OddsGecko.com, and if these figures are correct, it’s going to be great news for the crypto gambling scene.

Bitcoin will remain the dominant choice for currency, with it expected to be used by approximately 60% of bettors.

Tether (USDT) is next, projected at 30%, with the remaining 10% spread between other coins that are often used for placing wagers, including Binance Coin (BNB), Cardano (ADA), and Tron (TRX).

FIFA’s World Cup tournament is undoubtedly the largest opportunity for fans of soccer, crypto, and betting, to have the opportunity to experience the best of all worlds.

The last World Cup was in 2018, in Russia, and soccer fans had plenty of opportunities to use cryptocurrencies – from booking their flights to paying for accommodation or hotels, and of course – placing bets on the matches, as is customary for soccer fans.

This time around, there are also plenty of soccer teams that have sponsorships with crypto sportsbooks – Sportsbet.io being a prominent example, and Crypto.com is a sponsor to the FIFA World Cup 2022.

This means that crypto is going to get even higher exposure, and coupled with the launch of multiple alluring products to incentivize players to use crypto, that exposure now has numerous doors open to enable easier crypto sports gambling.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Kyamil Nasuf

Reporter

Kyamil is a big tech fan, who loves hummus on everything and has enjoyed writing from a young age. He's had experience in writing anything from essays, through personal art, to news pieces and more serious tech analysis. In recent years he’s found fintech and gambling collide with all his interests, so he truly is a great fit to our team.
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