Bitcoin Gaining Ground By Being Offered As Prize Money
There is some exciting news in the fantasy football tournament. FanDuel is giving bitcoins as prizes to the winners.
FanDuel announced The Bitcoin Bowl recently that will be happening during the NFL playoffs and they will be offering free bitcoins to the winners as prizes.
There will be two different contests- the first consists of a single free entry into the contest where the prize is 1 bitcoin, and the other will be a multi-entry contest that costs $3 to enter and has four different prize levels- The first level is one bitcoin, the second level is half a bitcoin, and the third and fourth levels are one fourth of a bitcoin.
The bitcoin value is not being considered in the contest and the winner will receive the bitcoin no matter its value in the marketplace.
FanDuel's CFO Andy Giancamilli says that the company always strives to be different in the kinds of prizes offered. By awarding the prizes in bitcoin, this gives those interested in cryptocurrency a chance to own some.
You can't, however, pay the entry fees in bitcoin, and for now, this offer will not be repeated. This promotion does indicate the widespread appeal of bitcoin and people are taking any opportunity they can to get their hands on some of their own.
BitPay sponsored a similar offering in 2014 during the NCAA college bowl at Tropicana Field. This current event sponsored by FanDuel is a new promotion and totally unrelated to this past event.
Win Free Bitcoin!!! Enter the free (Fanduel Bitcoin Bowl) and you could win a free bitcoin