Blockchain technology has begun infiltrating many different sectors of the world including finance, healthcare, gaming, supply chain and many other industries. Most recently, it has made its way into the betting world with MEvU.

MEvU seeks to be a peer-to-peer decentralized network that allows individuals to bet on anything with anyone. Anyone can turn anything into a bet and it can all be documented and facilitated on the blockchain. The payouts are direct when the bet concludes and the fees are low. MEvU works as a third-party intermediary that facilitates sports wagering like the casinos do but with far lower fees. The American Gaming Association estimates that around $400 billion is spent a year on gambling and around 99% of it, is illegal.