When the House Folds: How Decentralized Sportsbooks Shield Your Funds From Platform Insolvency
Centralized betting platforms have a long and uncomfortable history of freezing customer funds during financial distress — leaving bettors with winning tickets they can never cash. Decentralized sportsbooks built on immutable smart contracts fundamentally rewrite that risk equation. This investigation examines what US bettors need to understand about platform solvency, proof-of-reserves verification, and why custody architecture matters more than brand reputation in 2025.