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Home»Web3»CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access
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CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

June 17, 2025No Comments3 Mins Read
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CLAPS, a Web3-native casino platform, made headlines in May 2025 with the launch of its crypto sportsbook. This latest addition to their lineup offers players the opportunity to place live and pre-match sports bets using on-chain deposits and fiat onboarding. With a variety of cryptocurrencies accepted for funding accounts, including BTC, ETH, BNB, SOL, and USDT, as well as integration with MoonPay for fiat users, CLAPS is catering to a wide range of players.

The move towards blockchain gambling is evident in CLAPS’ hybrid infrastructure, which combines the speed of off-chain wagers with the security of on-chain transactions. This approach reflects a growing trend in the industry, where platforms are expected to provide both performance and transparency in managing funds.

Originally known for its decentralized casino games, CLAPS is now making a splash in the sportsbook market. By allowing players to interact using their own crypto wallets, CLAPS is appealing to those who prioritize privacy and control over their assets. This direct-wallet structure eliminates the need for custodial accounts or third-party exchanges, giving users a sense of ownership over their funds.

As part of a new generation of websites that allow crypto play, CLAPS is setting itself apart by offering a seamless experience across multiple categories, including sports betting. By incorporating full token support and transparent transactions, the platform ensures that players can track their balances on-chain, verify deposit history, and withdraw funds without delays.

One of the standout features of CLAPS’ sportsbook is its support for stablecoins like USDT. These digital assets play a crucial role in facilitating fast and low-slippage transfers, contributing to a $10 billion global crypto casino boom. By incorporating USDT into their platform, CLAPS is not only providing a practical deposit method but also meeting user expectations for speed and reliability.

See also  Why Some US Crypto Companies are Favoring Democrats

While deposits and payouts are recorded on-chain, bet execution on CLAPS is handled off-chain to ensure real-time responsiveness. This hybrid approach addresses performance limitations associated with platforms that rely solely on blockchain confirmations. By allowing live betting markets to remain dynamic under high load, while keeping deposits and withdrawals auditable on-chain, CLAPS strikes a balance between performance and accountability.

In a bid to improve accessibility, CLAPS has integrated MoonPay as a fiat-to-crypto on-ramp. This feature allows users to purchase digital assets using conventional payment methods directly within the platform, without the need for proxy tokens or off-ledger balances. By consolidating the flow within a single interface, CLAPS ensures that both crypto and fiat users can participate without compromising the platform’s core features.

The timing of CLAPS’ entry into the sports betting market aligns with a projected growth in global gambling revenue, which is expected to surpass $510 billion by 2029. As blockchain-based sportsbooks evolve from experimental projects to essential infrastructure within the gambling economy, platforms like CLAPS are leading the way in combining performance, compliance, and market readiness. With its innovative approach to crypto betting, CLAPS is set to make a significant impact on the industry.

access CLAPS Crypto Fiat instant OnChain payments Sportsbook Unveils
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