Welcome to another issue of Crypto Betting Weekly, the home of valuable insights!
Indian Olympic medalists snag cash and crypto
India came away with 7 medals (1 gold, 1 silver, and 4 bronze) at the Tokyo 2020 Olympics, making it the most decorated Olympic Games in India’s history. But that’s only the start of the fanfare as medalists are eligible to receive exorbitant amounts for their performances.
India ranks first on the list of countries offering the highest rewards to Olympic medalists, plus each medalist will receive a Systematic Investment Plan (SIP) from Bitbns, the country’s leading crypto exchange.
The combined prize money for a gold medalist is in excess of $1 million, while those that snagged silver get $658,000 and $335,000 for those who bagged bronze. Compared to the US where a medalist receives $37,500, $22,500, and $15,000 for gold, silver, and bronze respectively.
Medalist’s Home State
Indian Olympic Association
Board of Control for Cricket in India
Caribbean Premier League franchise embraces fan tokens and NFTs
The popular cricket franchise, St. Kitts & Nevis Patriots (SKNP) has partnered with RageFan to become the first cricket club to launch both fan tokens and non-fungible tokens (NFTs). The franchise boasts several leading international cricketers such as Chris Gayle, Evin Lewis, Dwayne Bravo, Anrich Nortje and Sheldon Cottrell amongst others.