SinglePoint (OTCQB: SING) this morning announced that it has invested in StakeHaul, the No. 1 downloaded social betting app on the iTunes App Store (http://ibn.fm/3pBiA). The announcement follows the Supreme Court’s recent decision to overturn a 1992 federal law that previously prohibited sports betting in 46 states. The company intends to work collaboratively with StakeHaul to assist in enabling crypto payment transactions within the application using SinglePoint’s crypto-based payment solution. “While we will continue to focus on cannabis and blockchain opportunities, we are excited that the Supreme Court has ruled in favor of sports betting legalization, giving the companies we have a stake in the opportunity to compete with the industry leaders again. We will continue to look for opportunity in the newly legalized sports betting arena,” SinglePoint President Wil Ralston stated in the news release.
To view the full press release, visit http://ibn.fm/H5lwz
About SinglePoint, Inc.
SinglePoint, Inc. is a technology company with a focus on acquiring companies that will benefit from the injection of growth capital and technology integration. The company’s portfolio includes mobile payments, daily fantasy sports, 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. For more information, visit the company’s website at www.SinglePoint.com.
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