Hey guys,
We're excited to announce that our v2 is now live and it is a sports dedicated prediction platform operating on an Ethereum smart contract. Like Augur, just with greater context for sports and no weird open ended components. Please take a look and let us know what you think.
www.cryptosportz.comIt features fixed odds, loads of daily games/sports/leagues, no commission and no fees, powered completely by smart contracts.
For the the guys that love to ask detailed tech questions, please do and we'll make sure to answer but... Here's how it works:
Your ETH is safely stored in the contract when you deposit it (and you can withdraw at any time)
When you make a bet, you sign a transaction to the contract that locks in your ETH - including the odds you are betting on, the game ID and your position
When the game is over, the person that won (you or the user that created the odds) is able to claim their winnings from the contract just as you used to before on Crypto Sportz, by sending a redeem transaction
Essentially it's the same platform as what we've had before, only now you get to bet with fixed odds because we are letting people create their own markets (odds) using exchange mechanics. Before all of the ETH would go into a single pool for every game which was then split between those that guessed correctly. Now, every user is able to set up odds (be a market maker) or take odds (market taker). Feel free to chat with us in the Telegram group if any of this is hard to understand.
