Tuesday, May 15, 2018

Investorideas.com - Supreme Court Decision Empowers States to Take Action on Sports Betting; SinglePoint (OTCQB: $SING) Announces Investment in No. 1 Ranked Social Betting App StakeHaul

Investorideas.com - Supreme Court Decision Empowers States to Take Action on Sports Betting; SinglePoint (OTCQB: $SING) Announces Investment in No. 1 Ranked Social Betting App StakeHaul





SEATTLE
- May 15, 2018 (Investorideas.com Newswire) SinglePoint Inc. (
OTC:SING), on the heels of
the Supreme Court overturning a 1992 federal law prohibiting sports betting in
46 states, announces it has invested in an additional betting platform,
StakeHaul, the No. 1 social betting app in the iTunes App Store.


SinglePoint
has been in the daily fantasy sports arena since March of 2016, when the
company invested in GoDraft and DraftFury. With the recent Supreme Court vote,
SinglePoint is excited to work closely with StakeHaul to penetrate the betting
industry, which has a potential value of $150 billion, according to the 
American Sports Betting Coalition. SinglePoint has
already established a payments option, and the two companies have been working
to define the use of Ethereum smart contracts within the application. StakeHaul
focuses on peer-to-peer social betting.

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