Fanduel, one of the most popular fantasy sport providers on the Internet, has announced customers can top up their accounts on the platform using cryptocurrency. Originally founded in 2009, FanDuel is the second largest fantasy sports provider in the United States and bookmaker based in New York City.
Worldwide, fantasy sports experience over 10% annual growth and is an $8 billion-dollar industry. For those uninitiated, the game of roto or fantasy sports is a tournament between virtual teams made up of regular people but representing real professional league players.
The company announced that customers can fund their accounts with bitcoin cash and bitcoin core on September 3. FanDuel accepts cryptocurrency via the digital currency payment provider Bitpay.
DFS players have wanted Fanduel to accept bitcoin for years now. FanDuel looked into possibilities, and a few years ago organized Bitcoin Bowl to let users play on the platform with bitcoins for a limited time and gave away 3.75 BTC.
After the September move, BitPay’s chief commercial officer Sonny Singh commented:
“We wanted to have the option in place for Bitcoin users to deposit cryptocurrency into their Fanduel accounts and take advantage of the daily fantasy sports games. We wished to have the choice in place for Bitcoin customers to deposit cryptocurrency into their Fanduel accounts and benefit from each day fantasy sports activities video games.”
Fanduel isn’t the only fantasy sports platform that accepts bitcoin, there are fantasy sports sites and DFS tournaments accepting crypto — Gtbets, MVP Lineup, Fantasy Factor, and No Limit.
Fanduel is available in the US, but a number of US states ruled that DFS was a type of fraudulent online gambling and banned DFS websites. The company’s services are banned in Alabama, Arizona, Hawaii, Idaho, Iowa, Louisiana, Montana, Nevada, New York, Washington, and Texas.
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