SinglePoint, Inc. (OTCQB: SING) this morning announced its completion of an additional investment in StakeHaul, the premier peer-to-peer betting application. StakeHaul offers a unique way for individuals to bet on anything, from the NFL’s week one matchups to a weekend round of golf. Per the update, StakeHaul has had over 70,000 lifetime downloads and consistent double-digit percentage growth in both monthly active users and bets placed on the platform. The StakeHaul team is currently finalizing testing for a new peer-to-peer payment model for lost bets in both USD and cryptocurrency, which will be a first in the industry. This push for innovation strategically positions StakeHaul to capitalize on the ongoing evolution of the $150 billion sports betting industry in the wake of a May 2018 Supreme Court decision to strike down the Professional & Amateur Sports Protection Act. Notably, industry data indicates that over one-third of all Americans bet on at least one sports event annually.
To view the full press release, visit http://ibn.fm/3FSFm
About SinglePoint, Inc.
SinglePoint, Inc. is a technology and investment company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company portfolio includes mobile payments, ancillary cannabis services and blockchain solutions. Through acquisitions into horizontal markets, SinglePoint is building its portfolio by acquiring an interest in undervalued companies, thereby providing a rich, diversified holding base. Through SingleSeed, the company is providing products and services to the cannabis industry. For more information, visit the company’s website at www.SinglePoint.com
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