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Bitcoin the New 'Cash Prize' for this Fantasy Sports Tournament

Fantasy sports web platform FanDuel has offered up a new prize to competition winners.

Bitcoin is the 'cash prize' of the future, with potentially thousands of dollars worth of the cryptocurrency on offer for the winner of the upcoming NFL Fantasy Sports playoffs.

Users will be able to enter "The Bitcoin Bowl", a free, single entry tournament for the chance to win one Bitcoin (at the time of writing, that could be worth in the order of $AU15,000 - $AU20,000). FanDuel is also offering a multi-entry tournament with two Bitcoins for first place, for those wanting more chances to win.

FanDuel is the first Fantasy Sports platform to award Bitcoin as a prize to users and the first sports tech company to award cryptocurrency in a user promotion.

"FanDuel has always sought to deliver the most unique and rewarding experiences or prizes to our users," said FanDuel’s CFO Andy Giancamilli.

In awarding Bitcoin, we’re recognising that most of our users are early adopters of technology and have a significant interest in cryptocurrency. Our fans love the prizing aspect of playing on our site and we think this will be a reward that they truly appreciate."

The stakes are high. The value of Bitcoin and other cryptocurrencies are particularly volatile, which adds another interesting dynamic to the fantasy competition.

While this FanDuel competition is only open to those living in the US, other sports competitions will be watching with interest. If successful, expect to see other platforms from around the world follow FanDuel's lead.

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#FantasyFootball #Bitcoin #Cryptocurrency #SportsTech