NC Sports Betting Law May Bring New Blockchain Frontier

Sports Law attorney Samir Patel authored a Law360 article about a new law in North Carolina that allows online and retail betting on sports events and its implications for the state's potential as an innovation hub for blockchain technology. Mr. Patel explains that this law makes North Carolina the 33rd state in the country with active legal sports betting and the 30th state with mobile betting options. Seen as a boon for the sports gambling industry, the law also includes language listing cryptocurrencies as an accepted asset to wager. In this article, Mr. Patel comments on the significance of this provision for the blockchain industry and describes what it could mean for companies that create digital financial assets.

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