Is there a Degen in sports betting?

Yes and no — and that’s where the degens come in. WHAT IS A DEGEN, ANYWAY? The term ‘degen’ can be traced back to sports betting. Shorthand for ‘degenerate’, it’s generally used as an insult, referring to gamblers with a tendency to stake large amounts of cash without the knowledge or experience to back it up.

What does 'Degen' mean in crypto?

The term ‘degen’ can be traced back to sports betting. Shorthand for ‘degenerate’, it’s generally used as an insult, referring to gamblers with a tendency to stake large amounts of cash without the knowledge or experience to back it up. In the ever-growing crypto space, however, traders have started to wear the label with a sense of pride.

What exactly is a 'Degen'?

Essentially though, the definition is the same as the one conventionally used offline. You could be called a ‘degen’ if you often buy (or ‘ape’) into a project without properly doing your own research (‘DYOR’). Yes, that is a lot of jargon, and no, it doesn’t seem to serve any useful purpose.