Sony is always looking for an edge and believes they have found one as they reveal filing a new system patent on BTC betting in 2019, to be implemented in more consoles than its own.
Gambling or Wagering in Esports Competitions
The electronics giant, already dominating the console industry with a massive 66.7% market share, has a reputation of never letting the foot off the gas pedal. As competitive as the world of technology is, it is vital to stay ahead of the competition and recently, Sony revealed that it filed a patent for gambling or wagering in esports competitions that would include Bitcoin as a usable currency.
What Will Happen Next?
How is it intended to be used? Well, the idea is that spectators of a game could wager about what will happen next in an esports competition, and odds would be calculated by a machine learning algorithm depending on rankings or previous match history.
It would include a machine algorithm to calculate the odds of every bet based on the abilities of the players or in the previous match history.
Playstation may be the world’s number one console but Sony is really swinging for the fences with this one. The filing also includes the system could be used in consoles made by main rivals Microsoft and Nintendo, VR-based entertainment systems, and even personal computers.
A Bigger Piece of the Pie
Gordon Gekko once uttered the words “Greed is good,” and this could turn into another major revenue stream for Sony. Due to the increased popularity of esports competitions, millions of players are following the events and if Sony can grab a bigger piece of the pie, we doubt they will lose any sleep over it.
Considering the company already acquired the Evolution Championship Series earlier this year, the timing is perfect and part of a much bigger plan.
To Be or Not to Be
Keep in mind that just because a patent is filed, does not guarantee it will ever be implemented. Thousands of patents are filed on a daily basis but if this particular one will be embraced or shut down like an enemy helicopter in GTA V remains to be seen.