Cloudbet forecasts bullish Champions League final

Crypto betting platform Cloudbet has predicted the 2022 Champions League Final to become the biggest Bitcoin (BTC) sports betting event to date.

The crypto gambling platform says that there has been a significant global increase in crypto sports betting, setting the stage for a record-breaking clash between Liverpool and Real Madrid on Saturday.

The game is the world’s biggest club soccer game, with more than 700 million fans reported to have tuned in to the 2021 match.

This year’s final, at the Stade de France on May 28, is expected to draw an even bigger audience – and an unprecedented level of crypto betting activity.

Cloudbet’s predictions come against the backdrop of a crypto betting market that is developing at a significantly faster rate than its traditional currency counterpart.

According to software developer Softswiss, cryptocurrency use in sports betting increased 116.7% year-on-year in the first quarter of 2022, compared to 60% growth in overall sports betting.

And despite the recent slump in the value of cryptocurrencies, data from Cloudbet suggest that it has not erased punters’ desire to bet. The platform has recorded steady turnover, with casino spend even looking to be increasing.

“As two of the biggest teams in the world meet in the most-watched club match on the planet, we anticipate the busiest day ever for crypto betting”, said Cloudbet director Leandro Rossi.

“In the four years since Liverpool’s last Champions League Final against Real, the Bitcoin market has grown exponentially, offering tremendous potential returns for soccer fans despite recent market fluctuations.”

The last time the two teams met in the final, in May 2018, BTC was trading at $8,500. Even after the recent crypto slump, the coin is still up by more than 250% in the current market.

Cloudbet is offering a full slate of Champions League Final markets for BTC, including full time result, Asian Handicap, and both teams to score.

For other opportunities to bet using your BTC, and numerous other cryptocurrencies, visit 1xBit, FortuneJack or Bitcasino.io.

Source

Updated: 05/27/2022 — 09:00