SBC News Voice of the Sports Betting Industry
Coin Gaming, the operator of bitcoin casino Bitcasino.io, has launched Sportsbet.io, a new bitcoin-only sportsbook ahead of Euro 2016. 
The new operator has gone live giving bitcoin users a new option for betting on the sports betting’s biggest gambling event of the year.
Euro 2016 is expected to attract the equivalent of at least 1.5m BTC (£465.3m) in bets across the gambling industry.
Players signing up for a Sportsbet.io account can enter an exclusive competition to win tickets to matches during the month-long tournament, as well as the final itself.
Licensed in Curacao, Sportsbet.io will provide its players with a dedicated, customised VIP programme that features a personal hostess and 24/7 live chat in the way of customer support.
It will offer over 350,000 pre-match events per year, with a peak of 70,000 events during prime months. Sportsbet.io will also feature a comprehensive live offering with hundreds of ‘in-play’ markets available on major sports fixtures.
Sportsbet spokesperson Joe Jordan said: “With Bitcasino.io we are used to being the best and we have high ambitions for Sportsbet.io that will make it the number one bitcoin sports betting destination.”
“Bitcasino.io has an average winnings withdrawal time of 2.5 minutes, something that Sportsbet.io plans to replicate. When it can take upwards of 24 hours for some traditional bookmakers to pay out, we believe this will give us real differentiation in the market.”
With an estimated two-thirds of bets placed on portable devices, Sportsbet.io has been built with this in mind, in short mobile is the top priority. Players will be able to bet with their own bitcoins, or exchange for local currency on the site, via Sportsbet.io’s broker integration with Cubits and Coinify.
Featuring 24 of Europe’s best international soccer teams, Euro 2016 will be broadcast in more than 230 territories around the world, with 150 million spectators expected to follow each game live.
