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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