🐞Industry Challenges

Industry Challenges

SportKings is not a protocol that has been developed to generate profits from sports betting. Rather, it is an innovation developed with the specific objective of practically solving the challenges and limitations of conventional gameplay.

The following is a breakdown of those challenges and an explanation of how SportKings offers a solution to each of these problems;

Destructive gambling addiction

We all know that sports betting is a highly engaging and captivating activity. But, it's also a double-edged sword. The same qualities that make it attractive can also make it dangerous, especially when it comes to addiction.

The current model of sports betting is predatory, encouraging people to bet excessively and leading to addiction. In fact, statistics show that up to 2% of people in the US alone are addicted to gambling.

Regulation across the globe

Regulations across the globe are aimed at controlling gambling addiction and illegal betting operations, but even with the legalization of betting, there are stringent rules and regulations that must be adhered to. This means betting platforms must have operations designed to be in line with these regulations.

Late or declined payout for bettor

Unfortunately, not all sports betting companies adhere to integrity standards, declining to pay rewards to legitimate winners, and this greatly undermines the betting experience. There are also companies that lack efficient and integrated technology and financial systems, which results in delayed payouts to winners.

Difficulty of fund transfers

And let's not forget the difficulty of fund transfers. When players are betting using real money, they must transfer funds to the bookmaker, but some lack integrated payment systems, making the process difficult and inconvenient.