Every day fantasy sports activities platform FanDuel simply introduced The Bitcoin Bowl, a promotion that may final the size of the NFL playoffs and provides winners an opportunity to win some bitcoin.
They’ll be two contests – one is a single-entry free contest the place the winner wins 1 bitcoin, and one is a multi-entry $3 contest that has a tiered payout – 1st place will get 2 bitcoin, 2nd place will get .5 bitcoin, and third and 4th place will get .25 bitcoin.
What’s attention-grabbing is that the worth isn’t pegged to USD, that means the winner will get the desired quantity of bitcoin no matter what occurs to the cryptocurrency’s worth within the subsequent few weeks.
“FanDuel has at all times sought to ship essentially the most distinctive and rewarding experiences or prizes to our customers,” stated FanDuel CFO Andy Giancamilli in a press release. “In awarding Bitcoin, we’re recognizing that the majority of our customers are early adopters of know-how and have a big curiosity in cryptocurrency.”
To be clear FanDuel isn’t accepting entry charges in Bitcoin and for proper now it is a one-time promotion – nevertheless it’s yet one more signal that individuals exterior of the tech world are beginning to discover the cryptocurrency and are being drawn to something that may give them an opportunity to get a few of their very own.
Oh, in case you have been questioning – sure the Bitcoin Bowl ought to sound acquainted. In 2014 BitPay sponsored the Bitcoin Bowl, which is the NCAA soccer faculty bowl recreation at Tropicana Discipline in St. Petersburg Florida – and completely unrelated to FanDuel’s new promotion.