> For the complete documentation index, see [llms.txt](https://betu-1.gitbook.io/betu/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://betu-1.gitbook.io/betu/market-overview/crypto-betting.md).

# Crypto Betting

### **Crypto Valuations (Dec 2021)**

![](/files/Bhx21ul0y0spNuWCoURF)

### **Crypto Betting / Price Predictions** <a href="#e5gbcloeimjk" id="e5gbcloeimjk"></a>

It is estimated there are over 100 million global crypto users with many of them constantly speculating and debating with their peers on social media about the future prices of a particular cryptocurrency or NFT.

BetU will enable crypto traders to bet against other community members to determine who had the correct forecast.

**Market Drivers:**

* High Internet Penetration
* Increase use of mobile phones
* Easy access to online gambling
* Legalization
* Cultural approval
* Corporate Sponsorship
* Celebrity Endorsements

The COVID-19 Pandemic has increased the demand for online gambling. The increasing adoption of work and study from home are likely to further drive market growth.