NBA Betting With Digital Assets: How Token-Based…
By Damilola Esebame
AI summary of the source article
Crypto sports betting is expanding rapidly, with Cloudbet's basketball wagering volume nearly doubling year-on-year in early 2026. Platforms offer faster processing times and higher bet limits than traditional sportsbooks, alongside a major shift toward stablecoin deposits.
Why it matters
That shift matters because stablecoins eliminate the price volatility risk that comes with holding Bitcoin or Ethereum in a sportsbook account balance.
Key facts
- Cloudbet's basketball betting volume nearly doubled year-on-year between January 1 and March 20, 2026.
- The global sports betting market reached approximately $107.4 billion in 2024, while crypto casinos generated an estimated $81.4 billion in gross gaming revenue.
- BetFlow Research projected stablecoins will represent 75% to 80% of crypto sportsbook deposit volume by the end of 2026.
Source excerpt · FinanceFeeds
KEY TAKEAWAYS Cloudbet recorded basketball betting volume nearly doubling year-on-year between January 1 and March 20, 2026, with the sport appearing to lead its platform in total money wagered. The global sports betting market reached approximately $107.4 billion in 2024, while Yield Sec estimated that crypto casinos generated $81.4 billion in gross gaming revenue that year. Crypto sportsbooks pr…