Sportbet.one Token
Crypto Overview
Overview
Sportbet.one Token (SBET) appears to be a cryptocurrency designed for use in sports betting and gambling platforms. The token is primarily used as a currency for betting on sports events through their platform.
Purpose and Utility
The primary intended purpose of SBET is to facilitate gambling and sports betting activities. The token is used for placing bets, receiving winnings, and participating in various betting games on their platform.
Business Model Analysis
The core business model revolves around gambling and betting activities, which are explicitly prohibited in Islamic finance. The platform's main utility is to enable users to place bets on sporting events and other games of chance.
Real-World Adoption
The token appears to have limited adoption, primarily within its gambling ecosystem. However, adoption levels are not relevant for Shariah compliance assessment given the fundamental nature of the token's purpose.
Platform Development
While there may be ongoing technical development of the platform and betting features, the underlying purpose remains focused on gambling activities.
Crypto Impact
To assign a comfort level investing in Sportbet.one Token from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Sportbet.one Token.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.