SX Network 🦈 retweeted
agreed - the winner in this category will be +$20b imo
everyone else focused on predictions markets as a source of truth and the new "news"
we see them as a way to disrupt Las Vegas and offer far better gambling product
xitter.cf/AndrewY_SX/status/1974…
Liquidity flows to where it is treated best
There is no other model I know of that can sustainably exist at 0% betting fees than the @SX_Bet approach
Plus the many other benefits of being onchain
- open source
- transparent
- non-custodial
- provably fair
- composable
+++
SX Network 🦈 retweeted
ultimately the winning prediction market will be onchain
xitter.cf/AndrewY_SX/status/1974…
Liquidity flows to where it is treated best
There is no other model I know of that can sustainably exist at 0% betting fees than the @SX_Bet approach
Plus the many other benefits of being onchain
- open source
- transparent
- non-custodial
- provably fair
- composable
+++
SX Network 🦈 retweeted
The entire timeline is hyping up Kalshi at the moment
But the long-term winner in this space will be onchain, decentralized, and actively driving take rate to zero
Wrote this article 4 years on the future of sports betting:
medium.com/sportx-bet/the-fu…
SX Network 🦈 retweeted
Reduce the vig in betting to the cost of compute
If your goal is anything else as a prediction market then your mission is inherently extractive of your user base
SX Network 🦈 retweeted
there's no industry more ripe to be disrupted by a decentralized model than sports betting
the industry standard take rate of 5-10% is a dinosaur
facing a <0.1% decentralized onchain meteor
SX Network 🦈 retweeted
Set a reminder for my upcoming Space!
xitter.cf/i/spaces/1djxXWmPbzzJZ
SX Network 🦈 retweeted
This bet pays out an extra $1,746 on SX vs. Pinnacle
(+133/2.33 on SX vs. +123/2.23 on Pinnacle)
Even more if you look at Stake, DraftKings, Fanduel, etc.
If you're a crypto native sports bettor, don't bet anywhere but @SX_Bet
🦈 SX BET WHALE ALERT: 17,465 USDC bet on Minnesota Twins at 2.33 / +133 odds
Bettor: 0xe663...5a2F
30D PnL: 📈 +27,421 USDC
$SX #mlb #minnesotatwins
Tail or Fade 👇 sx.bet/baseball/mlb/game-lin…
Only on @SX_Bet on @SX_Network
SX Network 🦈 retweeted
The future of sports betting is here
It's onchain, transparent, and absurdly pro-consumer
SX Network 🦈 retweeted
@SX_Bet vision is to be the global liquidity hub of sports betting
Our goal is to lower sports betting vig to the cost of compute by creating globally accessible, trustless, onchain liquidity
SX Network 🦈 retweeted
Globally accessible, fee minimizing, permissionless betting markets
Or
Geographically fragmented, fee maximizing, permissioned fiat betting markets
Which way anon?
SX Network 🦈 retweeted
The winning prediction/betting market infrastructure will unite global liquidity into one hub
It will be completely frictionless with minimal fee extraction beyond what’s needed to be economically sustainable
It will be built onchain with crypto - not fiat - rails
SX Network 🦈 retweeted
the only possible way to create an economically sustainable no-fee prediction market is to build your own chain
subsidize the app layer by monetizing at the chain level
SX Network 🦈 retweeted
too much time spent on prediction markets by VCs
and not nearly enough time spent on sports betting
which is arguably the only long-term sustainable vertical of PMs
few
SX Network 🦈 retweeted
Arbitrum is the most widely adopted tech stack for launching a chain
40+ chains are live on mainnet, with 100+ more on the way across DeFi, RWAs, Gaming, NFTs, AI, DePIN & more
Explore @SX_Network, @GravityChain, @educhain_xyz, @use_corn, @plumenetwork and more today!
