A fungible object award interleaved wagering system includes a plurality of interactive controllers operatively connected to an application controller by a network, each interactive controller configured to: communicate, to an application controller, application telemetry; and receive, from the application controller, an object based on the application telemetry. The system also includes a wager controller operatively connected to the application controller, the wager controller constructed to: receive a wager request; generate a wager outcome based on the wager request; communicate, to an object controller, the wager outcome. The system also includes the application controller operatively connected to the plurality of interactive controllers and the wager controller, the application controller constructed to: receive; communicate, to the wager controller, the wager request based on the received application telemetry; receive an object, wherein the object is generated by the object controller based on the wager outcome; communicate, to each interactive controller, the object.