Sony Wants to Patent PlayStation Esports Betting Platform Using Real Money, Bitcoin
Sony Interactive Entertainment recently published a patent of invention that, if approved, could pave the path for PlayStation users to wager on esports and do their bets inwards bitcoin.
The application, tilted “E-Sports Betting Platform,” was filed cobbler's last hebdomad and doesn’t flat name PlayStation. Rather, it contains the musical phrase “computer simulation.” Sony’s PlayStation and Microsoft’s Xbox are the world’s dominant video biz consoles, and are ofttimes used for esports drama cancelled personal computers.
Should Sony show successful with the patent of invention application, it would Deutsche Mark ace of the initial avenues for esports play outdoors of traditional betting markets.
The wagering betting odds may be constituted past pari-mutuelly. The wagering betting odds may follow established using past times simulation drama statistics,” according to the patent of invention filing. “In another aspect, a method includes establishing odds for at to the lowest degree ane futurity event inwards a computer simulation, and overlaying onto at least i demonstration of the information processing system simulation at least single user port (UI) showing the betting odds and indicating the case to permit a viewer to select to wager on the future event occurring or not.”
In simpler terms, the PlayStation system of rules could eventually reserve viewers of live steamed esports competitions to wager on outcomes in real time. That could get under one's skin the video gamey goliath inward on what’s expected to a monumental in-game betting market.
Platform Supports Bitcoin
Sony’s esports betting political program could also live another gaming use instance for bitcoin, the world’s largest cryptocurrency by securities industry value.
In the filing, Sony says bets “may be pecuniary,” including bitcoin or traditional currency, or made inwards the spring of spunky assets, digital rights, and virtual currency. Any plus used past a bettor to set a wager canful be fastened to a digital wallet.
“Wagers may be pecuniary, e.g., money or bitcoin, or may be non-pecuniary, e.g., game assets, digital rights, and virtual currency,” according to the application. “When wagers are pecuniary, the odds offered may account for governance take out, e.g., if the calculated odds are 5-1, the offered odds may follow rock-bottom to 4-1 to earmark for some wagering assets to remain after payouts for the design of paying authorities have out.”
New Frontier for Esports Betting?
It isn’t straight off percipient how the Sony patent, if it’s approved, will bear upon PlayStation owners inward the US. Sports wagering is currently unrecorded and effectual in 21 states and Washington, DC. But not all of those jurisdictions Trachinotus falcatus wagering on esports competitions.
Regulators inward states that reserve sports betting feature been slack to warm to esports, often citing fears of match-fixing. However, New island of Jersey allowed sportsbook operators to take action mechanism on the League of Legends title inwards Nov 2019, and Sagebrush State permitted betting on leash esports tournaments cobbler's last year.
For operators, there’s money to be made inwards this space. It’s estimated esports generated $343 million inward meshing revenue for sportsbooks inward 2020 — a figure that’s calculate to surge to $862 1000000 in 2024.