What's Happening?
Onyx Odds, a social sportsbook operating under a sweepstakes model, is gaining traction among NFL bettors during the preseason. The platform offers real picks, props, and live mechanics across multiple sports, including NFL, NBA, and UFC. Onyx Odds provides legal access in over 40 states, allowing users to make predictions using in-game currency. The platform's dual-currency system includes Onyx Coins for gameplay and Onyx Cash for prize redemption. Onyx Odds is attracting users with its sharp lines, low playthrough requirements, and straightforward prize redemption process.
Why It's Important?
Onyx Odds represents a shift in sports betting, offering a legal and accessible option for bettors across the U.S. The platform's sweepstakes model allows users to engage in sports predictions without traditional gambling restrictions. This approach could influence the future of sports betting, providing a more inclusive and gamified experience. The popularity of Onyx Odds during the NFL preseason highlights the demand for innovative betting solutions, potentially impacting the industry and consumer behavior.
What's Next?
As Onyx Odds continues to grow, it may expand its offerings and enhance user engagement through promotions and VIP perks. The platform's success could encourage other sportsbooks to adopt similar models, increasing competition in the industry. Users can expect ongoing updates and features to improve their betting experience. The legal landscape for sports betting may evolve, with more states considering sweepstakes models as viable options.
