Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
Avid patrons of prediction markets will certainly be drawn to the offers of Weathbet. Entering the iGaming market in 2015, Weathbet offers a gambling experience that resembles that of prediction betting, only that it focuses its markets on weather conditions.
One noteworthy factor about Weathbet apart from its fresh approach to the prediction gambling category is its ability to establish a legacy within a short period of time.
This platform has gained immediate recognition among online gamblers, specifically cryptocurrency users, because it pioneered the introduction of weather forecast betting in the virtual currency community, which in essence is the first of its kind.
Moreover, this platform accepts Bitcoin, Litecoin and Dogecoin for its bets’ currencies, making Weathbet an exclusive yet diverse gambling platform.
Exclusive ‘weather forecast’ markets
Weathbet only offers weather conditions as its primary markets. Although this limitation may be a bit discouraging for others, this Bitcoin gambling website guarantees its gamesters that having this specific market alone is enough to bring on the thrills.
Players are given a one-of-a-kind opportunity to maximize their bets and winning chances through this platform’s wide spectrum of weather forecast collection that covers over 5,000 of the world’s major cities.
Moreover, players are not limited to wagering on the overall weather condition of a specific city. Here, bettors can place wagers on specific weather elements like the temperature, wind speed, and atmospheric pressure.
The best part about Weathbet is that all of its weather forecasts are based on the statistics generated by government weather station. This logically makes the platform provably fair since all the results are easily found on the official website of the NOAA weather service.
Instant start with no hassles
Since Weathbet primarily operates using the cryptocurrency technology, you can expect that creating an account just to enjoy its services is not necessary. Both deposits and withdrawals are processed anonymously. Therefore, your personal and financial information is secured regardless of what transaction or business you make.
Withdrawals and deposits reminders
Although it is already a given that Weathbet transactions are processed using the similar fashion with regular cryptocurrency purchases, there are a few pointers to keep in mind when placing and cashing out bets.
Directly placing a bet on this platform is considered as your ‘deposit.’ Whereas ‘cashouts’ will be directly sent to the wallet address that you used when you placed a wager in case you hit a winning prediction.
Be reminded that this platform strictly observes their implemented wagering amount limitations. You can only place a minimum bet of 0.01 BTC/0.39 LTC/500 DOGE and a maximum wager of 0.1 BTC/2.5 LTC/50,000 DOGE.
In cases where you accidentally place a bet that is beyond the maximum limit, Weathbet will refund you with that amount and cover the 5% miners’ fee.
On the other hand, if you have placed a bet that is below the minimum, the platform will no longer return that amount to you. Therefore, it is highly suggested that you review all the details placed on your transaction slip before placing a bet.
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