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October 16, 2019
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When you read Bitcoin casino reviews, you will rarely see any mentions of prediction market betting. A fairly new offer among online gaming hubs, prediction market bets are usually under sportsbooks. But since there are more sports markets than there are prediction markets, the latter is one of the least noticed bets under online bookies.
This Fairlay review, though, covers one of the few betting sites that use Bitcoin solely for prediction markets. Launched in 2014, the casino lets you wager on sports events, horse racing, and news events, among others. The fun part is that you will bet not against the house but against other players.
This gaming hub is similar to some Bitcoin casinos in which you can start placing bets without necessarily creating an account. Plus, it accepts Bitcoin and other popular altcoins, allowing you to send funds and to receive your winnings instantly. Here is what you need to know about Fairlay.
Fairlay does not offer bonuses and promotions. If you are used to playing in order to not only win a huge prize but also to receive bonuses, the absence of bonuses in this betting site will disappoint you. But this should not surprise you as most prediction betting sites normally do not present any promotions.
You will not find slots or any other casino games on Fairlay. Instead, you will find a betting exchange. Unlike other prediction sites like BetMoose that let you wager against the sportsbook, Fairlay lets you bet against fellow players. Once the market is closed and you win, the sportsbook will pay you and the other winners with money from the losing bettors.
The gaming hub lets you wager on sports events, news and entertainment, live events, prices, and more. The markets are arranged on the site according to category and event for easy navigation. You can also use the Search button to look for your preferred market.
Fairlay accepts Bitcoin and popular altcoins such as Bitcoin Cash, Ethereum, Litecoin, and Dashcoin as modes of payment. As long as you own a crypto wallet supporting these currencies, you will find it easy to transact with the betting site.
To fund your player account, you must deposit at least 1 mBTC. Once you have sent money to the given address or through the QR code, you will see the money reflect in your player account within 24 hours.
Take note that maximum deposit amounts will depend on your type of wallet. If you are using a hardware wallet like Ledger Nano S, you can deposit up to 50 mBTC. On the other hand, deposits through software and mobile wallets should not exceed 500 mBTC. For either wallet type, Fairlay will charge you 0.2 mBTC per transaction.
Cash-outs on Fairlay are easy. Simply add your wallet address, then click Request Cashout. You are required to request a withdrawal of at least 1 mBTC, although you can cash out whatever amount you want. Keep in mind, though, that you will be charged 0.5 mBTC per transaction.
After receiving your request, the betting site will process your cash-out within 24 hours. But if your requested withdrawal amount is more than 10 BTC, you will receive your money within 48 hours.
Fairlay is definitely the best place to wager on prediction markets. The betting site has markets on a variety of categories, from sports to news and entertainment. It even gives you the option to create your own market and let other players bet on it.
However, this gaming hub has some weaknesses. For one, it does not have any bonuses or promotions that will encourage potential players to sign up and existing members to play more. It also does not have other games that would keep gamers occupied while they wait for the outcome of their predictions.
If you are into casino games and not much into prediction betting, Fairlay is not your go-to portal. But if prediction betting is your thing, then the brand should be among your best choices.