Can You bet on esports with Crypto?

As a seasoned practitioner in the world of cryptocurrency and finance, I'm often curious about the intersection of emerging technologies and traditional gaming. Today, I'd like to delve deeper into the question: Can you bet on esports with crypto? This topic is particularly intriguing given the explosive growth of esports, coupled with the increasing popularity of cryptocurrencies. I'm interested in understanding the legality, security, and practicality of using crypto to wager on esports matches. Does the industry support such transactions? What are the potential risks involved? And ultimately, is it a viable option for enthusiasts and investors alike?