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Trading Blows: Cloudbet’s expert take on the rebounding NBA season

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As the NBA goes back to work – and hopes for no more Bubble trouble – the trading team at Cloudbet, the leading crypto sportsbook and casino, breaks down the latest market movers, telling you who’s hot and who’s not in the Disney World Laboratory.   

  1. League leaders reassert their claims over the championship: While they both dropped a game apiece during the scrimmages, the Milwaukee Bucks and Los Angeles Lakers showed enough to firm up their respective chances to take the Larry O’Brien Championship Trophy home.
    1. The long layoff has benefited teams with older or injured star players: For the Lakers, the hiatus allowed Lebron James to give his 35-year-old body a solid rest. The last time he did so, for the All-Star break in February, James then went on a tear to lead his team on a 7-2 run. He certainly bounced back in style during Thursday’s thrilling nightcap win.
    2. For the Bucks, Giannis Antetokounmpo – a clear favourite this season to win his second-straight Most Valuable Player award – was able to rest a sprained knee sustained in a March game against the Lakers.
    3. Both teams come to the restart refreshed and recharged. The Lakers are favourites to win the 2019-2020 title, with their line moving to 3.31 (~ 9/4; or +231;), from 3.34 (+234) prior to the scrimmage. Strong showings from their second and third-string players, especially in the third scrimmage game with James and Anthony Davis on the bench.
    4. The Bucks are just behind, at 3.45 (~ 5/2; or +245), from 3.53 (+253). Antetokounmpo clearly shone during the practice matches, with more-than-ample support from fellow starters Khris Middleton and Brook Lopez.

 

  1. Los Angeles Clippers lose ground in title race: While still third-favourite to win the championship, the Clips have been big drifters in the market since the scrimmages began.
  2. Among the top units, this team has been most impacted by the Covid bubble restrictions, with two key players (Lou Williams and Patrick Beverley) in quarantine after temporary family-related absences.
  3. Williams, the Clips’ leader in assists, was pilloried in social media for a much-publicised and ill-advised visit to an Atlanta strip club while on leave.
  4. Another player, Montrezl Harrel, has yet to return from family leave.
  5. This means a much diminished squad takes on the Lakers in their restart opener on July 30, and they’re unlikely to be back at full strength until at least the second week of the rebooted competition – that’s tough, given that there are only eight seeding match-ups to play.
  6. With these travails in mind, bets on the Clips to win it all are currently paying 4.15 (~ 3/1; or +315). Their probability of a championship now stands at 24.1%, roughly a percentage point lower than before the practice scrimmages began.
  7. Houston Rockets cement their status among the top four title favourites: Even though they ended the pre-Covid season with the league’s 10th-best win-loss record, the Rockets have worked their way in as fourth-favourites to win the title.

.               One train of thought has it that they more than others will benefit from the long break: four of their key players, including stars James Harden and Russell Westbrook are 30 or older, and the shorter season will shelter them from the extended wear-and-tear of a normal season.

  1. Harden worked out like a fiend during the layoff, coming to Disneyworld with a noticeably slimmer physique. Already the league’s top scorer this season, he unsurprisingly led his team’s point production over the three scrimmage matches.
  2. Westbrook was a question mark after testing positive for Covid in mid-July, but emerged from the NBA’s quarantine protocol in time to play solid minutes in all of his team’s three scrimmages.
  3. Houston’s odds of a championship this season firmed over the past week to 15.1 (~ 14/1; or +1415) from 15.6 (+1460).
  4. One setback emerged this week, with starter Eric Gordon injuring his ankle during H-Town’s victory over Boston. No clear movement in prices yet, as the market awaits test results to determine his immediate playing future.
  5. Toronto Raptors gain ground in title race: The defending champions’ performance this season prior to the league’s suspension (72% win rate) shows that they’re still a force to be reckoned with even after losing star player Kawhi Leonard to the Clippers.

.               The Raps won two out of their three scrimmages, which also saw the return of center Marc Gasol, who spent the hiatus rehabbing his dodgy hamstrings and dropping a significant amount of weight.

  1. Clipper odds for a repeat championship have narrowed from 18 to 16.9 (~ 17/1; or +1591).
  2. They’ve now displaced the Boston Celtics at fifth in the outright lists to take the title.
  3. New Orleans firms up its chances for a playoff spot in the West: The Pelicans won its three practice match-ups, including a 21-point drubbing of the Bucks on July 27, all without its star rookie Zion Williamson, who had been in quarantine following a family-related absence from the bubble.

.               The big news this week was Williamson resuming practice, an appearance warmly welcomed by teammates: He’s the Pellies’ second-highest scorer and has missed 44 games this season due to knee and ankle injuries.

  1. His return plus a solid scrimmage showing has improved the prospects for their performance in the West (see below).
  2. Also increases the interest over the tussle for the final play-off spot in that conference. The Memphis Grizzlies are current favourites to take that spot, paying 1.64 (~ 4/6; or -156), with New Orleans next at 3.81 (~ 11/4; or +281).

 

  1. Western Conference outcomes have been reframed, thanks to the above reasons: The Clippers’ personnel issues means they’ve lost the slim edge they previously had over the Lakers as favourites to take the West.
  2. Team Lebron is now tops with odds of 2.58 (~ 6/4; or +158) over the Clips at 2.66 (~ 13/8; or +166).
  3. The biggest improvement in fortunes belongs to the Rockets, with a line of 7.28 (~ 6/1; or +628) currently giving them a 13.7% chance of winning the conference, or 2.1 percentage points higher than before scrimmages began.
  4. The other big move was New Orleans: While they’re still unfancied as conference champs, their line moved from 54.6 into 31.1 (~ 30/1; or +3013).

 

NBA quarantine protocol:
New NBA protocol implies that players could be tested as often as daily during this resumption. If a player has a confirmed positive test, he must undergo treatment and rest for at least 14 days without exercising. In order to return, the player must pass cardiac exams and also test negative for the coronavirus twice in a 24-hour period.

On July 21, the NBA reported zero cases of the coronavirus following the testing of 346 players, and the league has gone three weeks without a positive result.

 

Prices are as compiled by Cloudbet and are current as of 4pm HK time on July 30

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Cryptocurrency

WSOP to Bring Crypto to Events Through Solana Tournament Purchases

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The World Series of Poker (WSOP), the longest-running and most prestigious poker tournament series in the world, announced a first-of-its-kind collaboration with the Solana Foundation to bring cryptocurrency directly into the global poker experience.

This will be the first time in WSOP history where players can purchase tickets to tournaments directly with cryptocurrency, and by leveraging Solana’s technology, this payment method will have zero processing fees.

The integration will expand further at the 2026 WSOP Paradise in The Bahamas this December, where tournament winners can receive settlements in stablecoins on Solana, enabling near-instant access to payments and reducing the friction traditionally associated with international tournament settlements.

As part of this collaboration, Solana Foundation will also serve as the official Presenting Sponsor of the 2026 World Series of Poker and 2026 World Series of Poker Paradise.

The World Series of Poker, Dealt by Solana

The poker community has long been at the forefront of cryptocurrency adoption, with players embracing decentralized technology, like Solana, for its efficiency and transparency. As a high-performance blockchain, Solana is celebrated for its industry-leading transaction speeds – capable of processing thousands of transactions per second – and ultra-low costs, with average fees remaining below $0.001. By enabling players to make purchases through Moonpay, and cashout in stablecoins on Solana, these initiatives allow:

• Faster settlement and streamlined payment processing for eligible events

• Greater accessibility for international players traveling to WSOP events

• Near-instant global settlement, with reduced friction for users

• Expanded payment flexibility for players participating in marquee tournaments worldwide

Introducing Solana-powered purchases and settlements modernizes how money moves through the poker ecosystem and reduces friction for players around the world.

Where Poker and Cryptocurrency Converge

This initiative bridges the digital space and the poker world, reinforcing the growing demand among players for faster financial tools that simplify participation in global events. Beyond payments, the collaboration brings together communities that are closely aligned.

“We are incredibly proud to bring such an innovative and passionate community into the fold. Solana’s ecosystem, like the WSOP, constantly challenges conventions and remains laser-focused on the consumer experience. Solana’s speed and efficiency mirror the fast-paced energy of our tournaments, and we are excited to showcase their technology to our global audience,” said Ty Stewart, Chief Executive Officer of WSOP.

“Solana is a digital economy where people can own and trade millions of assets, make payments, earn on their money, and more. Trading in particular has been a huge area of growth on Solana over the last few years, generating over $4 trillion in volume. At its core, trading shares many of the same characteristics as poker: hard decisions, incomplete information, minding your bankroll. We’re incredibly excited to grow the game of poker with the WSOP and bring these two worlds together,” said Vibhu Norby, Chief Product Officer, Solana Foundation.

“Poker players have always lived at the forefront of innovation. They think in probabilities, move fast, and adopt the tools that give them an edge. Cryptocurrency is a natural fit. By powering purchases and settlements through MoonPay on Solana, we’re meeting that demand directly: faster, borderless payments that make it simple for players anywhere to take their seat at the world’s biggest tables,” said Jim Walker, President of MoonPay Commerce.

Beyond the Felt: Ambassadors and Hospitality

The Solana Foundation is set to sponsor a select group of individual poker player ambassadors who will represent the ecosystem at this summer’s WSOP event. Additionally, the Solana ecosystem will host exclusive hospitality events at the Paris and Horseshoe venues in Las Vegas, as well as a premier experience during WSOP Paradise in The Bahamas this winter. Solana users can also look forward to collaborative onchain poker products, developed with WSOP, to follow.

The post WSOP to Bring Crypto to Events Through Solana Tournament Purchases appeared first on Americas iGaming & Sports Betting News.

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Jackbit Rebrands as Jack.com, Launches Volume 2.0 Platform Upgrade

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Jackbit, the fast-growing crypto gaming destination, has officially completed its transition to Jack.com, unveiling a new brand identity and simultaneously launching Volume 2.0 — a comprehensive platform overhaul designed to power its next stage of international growth.

The rebrand comes after years of building a loyal user base on the back of lightning-fast crypto withdrawals, transparent operations, and a player-first philosophy. Securing the Jack.com domain signals the company’s commitment to becoming a major global player in the crypto gaming space.

“Jack.com represents the beginning of a much larger global expansion strategy. We will continue introducing new features, community tools, and strategic partnerships as the ecosystem evolves,” the company said.

Volume 2.0 brings sweeping changes to the platform. Wallet 2.0, a rebuilt payment infrastructure, now features cleaner transaction tracking, improved deposit and withdrawal flows, and expanded visibility across all payment activity. Navigation has been redesigned for speed, and security enhancements have been applied across the board.

The social fabric of the platform has also been strengthened. New community features including a Live Bets Feed, Recent Big Wins display, and High Rollers leaderboard allow players to engage with live platform activity. A new Tips Function enables peer-to-peer tipping directly within the platform — a first-of-its-kind feature in the crypto gaming sector.

On the loyalty side, Jack.com has launched a fully redesigned VIP program offering Instant Rakeback, Weekly and Monthly Bonuses, Level-Up Rewards, and dedicated VIP managers for top-tier members.

Jack.com offers thousands of casino games, live dealer experiences, original titles, esports betting, sportsbook markets, and tournaments — all accessible with seamless crypto payment options.

Existing Jackbit users will experience no disruption to their accounts during the transition. Jack.com operates under a Curaçao gaming license and was founded in 2022.

The post Jackbit Rebrands as Jack.com, Launches Volume 2.0 Platform Upgrade appeared first on Americas iGaming & Sports Betting News.

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Paysafe Research: Crypto Payments to Transform US Online Sports-betting

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About 83% of U.S. bettors are keen to use cryptocurrency to fund wagers with online sportsbooks, when permitted, according to research issued by leading payments platform Paysafe. The company’s All the Ways Players Pay: Crypto Edition report also suggests that when a state permits crypto payments, sportsbooks supporting deposits by digital assets and even payouts will gain a competitive edge in player acquisition and retention.

As well as bettors in states where crypto deposits aren’t yet permitted – Florida, New Jersey, New York, Ohio, and Pennsylvania – Paysafe surveyed Illinois and Virginia, which have the regulatory latitude to give operators specific permission for crypto-to-cash funding products. Importantly, the study included the two states which explicitly permit crypto deposits, Colorado and Wyoming, where 59% and 45% of bettors, respectively, have already funded a bet with a digital asset.

With 64% of active U.S. bettors owning cryptocurrency, deposits using digital assets would almost certainly trend even higher in other states when permitted. In New York, 92% of players have appetite for crypto deposits, with demand in Illinois and Florida almost as high (88% in both).

When permitted, crypto would be a top-3 payment method for funding wagers, with 45% of players listing crypto as a preference after digital wallets (favored by 55%) and debit cards (50%). In New York, crypto would be second only to wallets (54% versus 59%), with a similar dynamic evident in Illinois, where 52% list crypto as a preference compared to 58% digital wallets.

Despite crypto’s potential to rival wallets and bank cards, other payment methods would remain relevant. Even if digital assets were permitted, credit cards (a preference for 37%) and pay-by-bank solutions and bank transfers (also 37%) would still be relatively popular. And even niche payment options would not be completely overshadowed if crypto were thrown into the transactional mix, with almost a quarter of bettors (23%) still listing local payment methods like peer-to-peer apps and 14% eCash solutions like PaysafeCash.

Players also have interest in cashing-out their winnings in crypto, which is not yet permitted by any state. Well over eight out of 10 bettors (85%) are keen for crypto withdrawals.

Given bettor appetite for cashing-out and crypto funding, it’s unsurprising that digital assets would play an influential role in their selection of a new sportsbook. While brand trust dominates sportsbook choice (prioritized by 36%), crypto payment factors are almost as important, including seamless crypto withdrawals (prioritized by 29%), ability to transact with crypto or other preferred payment methods (28%), and seamless crypto deposits (26%).

Crypto payments’ value extends to player retention. Seven out of 10 players (71%) feel that transacting using digital assets would improve their overall betting experience, with just 18% disagreeing and the remaining 11% unsure.

While crypto will invariably enhance customer stickiness, operators need to carefully evaluate crypto payment products as a poor transactional experience will risk churn, with 71% likely to abandon a sportsbook as a result. Players in some states are even less forgiving, especially New York (80% would switch brands), but also Florida and Illinois (75% in both).

Zak Cutler, President of Global Gaming at Paysafe, said: “While crypto payments are only currently permitted in a relatively modest cohort of U.S. states, our latest research indicates that there’s strong player appetite for crypto at the cashier in not just these jurisdictions but across the broader market. As regulation evolves and as more iGaming markets embrace digital assets’ impressive value at the cashier, we’re confident that crypto will not just become an important payment method, but arguably pivotal to the industry’s transactional future.”

The post Paysafe Research: Crypto Payments to Transform US Online Sports-betting appeared first on Americas iGaming & Sports Betting News.

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