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Author Topic: [ICO] ANN Zensports Peer-to-Peer Sports Betting  (Read 612 times)
TheCraMan
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September 30, 2018, 11:27:03 AM
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TheCraMan
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October 16, 2018, 12:30:13 PM
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Stay Active And Be Entertained Like The VIP That You Are



It’s a Wednesday afternoon in the office, and you’re sitting in your drab and gray cubicle chomping on the bit for the weekend to finally just get here. The boss is being a pain, your colleague keeps scheduling meeting after meeting that you don’t have time for, and you swear if you have to read one more Slack message, you’re going to take one of the Keurig coffee pods and throw it at someone. All you want is a break and to be entertained like a VIP for all of the hard work you feel like you’re constantly exerting in your life.

You look past your cubicle into the commons area, and notice a couple of co-workers playing at the recently-installed pool table. Looks like fun, you think to yourself. As your mind continues to wander back towards the weekend, you begin to think about how to best give yourself a break from both your overloaded work life, and from the same old clubbing scene that you usually find yourself gravitating towards.

Playing some pool and doing something different sounds like fun. But for as wonderful (and expensive) of a place as the Bay area is to live in, it’s somewhat perplexing how limited the nightlife and entertainment options can be.

There are only a couple of pool rooms in the area, and none of them seem particularly appealing given how run down the equipment and aesthetics are, the fact that most of them only serve beer, and the lack of technology / difficulty in booking a reservation that they all have.

If only there was a recreational sports and entertainment facility that combined mobile reservations plus cool in-facility technology like live streaming and virtual sports equipment. Maybe even a robot concierge/bartender that attended to all of your needs. You could stay active, be entertained, and treated like a VIP, all at the same time. Now that would be cool.

As luck would have it, you happened to get an email this morning from the mobile app ZenSports that you signed up for awhile back. You love ZenSports because it makes it super easy to book membership passes and reservations at local sports facilities. The problem is, most of the sports facilities in the Bay area are run down, dreary, don’t have full liquor licenses/bars, and are pretty low-class. Not exactly the kind of VIP experience you were hoping for this weekend.

Maybe Vegas is sounding like a better option instead . . .

The thought of Vegas is quickly dashed from your mind, though, as you glance at the first sentence of the email, where it talks about ZenSports’ new recreational sports and entertainment facility that it just opened up. No way! This is exactly what you’ve been looking for, especially if their new facility is as cool as their mobile app is.

You scurry to read the rest of the email, which describes what your VIP experience will be like playing and having fun at its new facility:

Your ZenSports experience starts with booking a reservation through the existing mobile app to play at our facility. Our app will automatically charge your credit card for your reservation, book your requested date/time, and even send a ride sharing car to pick you and your friends up without you ever having to open your Uber or Lyft app. Once you arrive at our location, everything you need will be available within the app, including ordering food/drinks, live streaming and broadcasting yourself to friends as you play, and keeping track of your scores and statistics.

You’ll then head on over to your reserved table of ping pong, billiards, or any other game of your choosing to begin playing with your friends. From this point on, you’ll find yourself swatting augmented reality ping pong balls, using mixed reality pool cues, and wearing gloves and headsets that help improve your form and analyze performance. Human and robotic concierges will attend to your every need while you play, and treat you like the VIP that you are.

Out of breath but invigorated from a couple hours of playing, you and your friends decide to lounge around one of our beautiful cocktail bars. While there, you tap a couple of buttons in the ZenSports app, and boom, out comes your favorite refreshing cocktail prepared and served by a robotic bartender. Not only was your Moscow Mule prepared in less than a minute, your credit card was automatically charged, and there was no hassle or waiting for someone to take your order or make your drink.

Halfway through finishing your drinks, you and your friends realize that you’ve been having so much fun that you completely lost track of time. Oh well, that’s ok. You’ve been feeling like a VIP for the past few hours, and you realize just how much you deserved to be entertained and pampered with a 5 star experience that didn’t break your bank account.

After downing a second Moscow Mule (that robot bartender knows how to make them just right!), you decide that it’s time to finally head home. Simply snap your fingers and a ZenSports concierge automatically orders your Uber or Lyft car to take you home. Once back in the comfort of your living room, you reflect on how great of a time you just had, and how there’s finally an experience for recreational sports and entertainment that 2018 would be proud of.

Welcome to ZenSports.

Yaaaaaaaaaaaaaaaaassssssss you think to yourself. This is finally what you’ve been looking for. You pull out your ZenSports app and book a reservation for you and three friends this Saturday night. Took about 30 seconds and there was no need to plan a trip to Vegas, get on a plane, or spend thousands of dollars on a country club membership in order to be a VIP. That kind of experience is now waiting for you right here in the Bay area at a cost that won’t break your bank account.

Game on.

TheCraMan
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October 24, 2018, 10:16:02 AM
 #3


A cryptocurrency with a plan: ZenSports

As a fan of ICOs, and someone who actively participates in the ICO market, I’ve grown fond of teams with a clear cut plan. ZenSports, a project that plans to allow peer-to-peer sports betting, has specific goals for the funding that they raise. Something that is very rare in a startup environment.

TheCraMan
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October 28, 2018, 09:47:47 AM
 #4

ZenSports, a peer-to-peer revolutionary sports betting marketplace, plans to capitalize upon a $120 billion industry. By reducing the costs of bookmaker fees, ZenSports will allow users to place bets for low rates never seen before. Finally, the middle man can stop stealing my winnings!!

Is ZenSports the future of sports betting? https://www.zensports.com/
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November 01, 2018, 03:21:46 PM
 #5

Overcoming Challenges in Sports Betting with Blockchain
author:

Hayley Davison


Since the American courts ruled in favour of legalizing sports betting in May of 2018, companies across the world have rushed to get ready for the changes to come. Sports betting will not only change the current industry but also have ripple effects across almost all sectors.

The ruling itself legalized what is estimated to be $150 billion USD worth of once-illegal betting on professional and amateur sports. Now that sports betting is on track to legalization, that revenue and potentially more could be made in this emerging industry.

While betting is traditionally tied to card games and casinos, most sports betting happens online through programs and applications. Sports betting itself is often more about skill than it is about luck.

This means that in order to fully legalize it, the process has to be as much about data as it is about betting. The focus will be on building out the software to support oddsmaking, new types of betting, and financial necessities in addition to the existing legal requirements.

Changes in the industry
No matter if you enjoy betting or not, the legalization of sports betting will probably affect you. The implementation of sports betting into our lives has the potential to be one of the most important and most visible test cases for digital transformation that we’ve seen to date.

An evolution like that requires a lot of work. Some large companies, like Bovada and William Hill, have already been successful in the field and will now have to adapt under new regulatory changes. Others are beginning to emerge, giving them the advantage of being able to both adapt and grow with the industry, and implement new technologies into their platforms faster than established organizations can.

One emerging platform called ZenSports is creating the world’s largest peer-to-peer sports betting marketplace. On the platform, anyone can create and accept bets for live sporting events with anyone else in the world. While this seems like a lofty goal, through blockchain, smart contract technologies, and cryptocurrencies they’re offering a better experience to bettors across the globe.

What makes ZenSports unique
Over 1,000 online sports betting products already exist in the marketplace, but less than 40 of them accept cryptocurrencies. Of those 40, none of them use smart contracts or peer-to-peer betting. ZenSports incorporates both crypto and blockchain technology into their platform. In doing so, ZenSports mitigates issues with outdated payment systems, limited types of bets offered, and odds stacked in favour of the sports book.

By allowing users to fund their online accounts with cryptocurrencies, the process of placing bets becomes easier and joining fees are reduced. Funds in users’ accounts are protected through smart contracts, which act as an escrow for currencies exchanged through ZenSports.

ZenSports also is unique in that theoretically users can place an almost infinite type of sports bets and set their own odds for said bets. When a user creates a bet, it then becomes available for anyone else on the platform to take. When each bet is made, a smart contract is created, locking all parties into the bet. A decentralized token economy allows bettors to self-report results and the marketplace to resolve all disputes (oracle system). This removes the need for a centralized bookmaker and properly incentivizes all parties to act in good faith. Smart contracts handle all payouts and keep track of bets so users can feel confident their funds are secure and will never be handled by a malicious third party. Because the entire process is taken care of through smart contracts and blockchain technology, users are able to manage the end-to-end betting process by themselves.

ZenSports’ decentralized sports betting network is emerging at a unique time in the market. Sports betting sits at an unusual intersection of all of the major tech trends that are driving digital transformation, including digital security, blockchain, data, predictive analytics, mobile development and more.

By incorporating these elements into a new sports betting platform in time for changing legislation, ZenSports could revolutionize online sports betting and lead the way for similar platforms to follow suit.
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November 02, 2018, 02:55:11 PM
 #6

By: Hayley Davison, MLG Contributor

This piece is part of a collaboration with MLG Blockchain Consulting,  a leading global blockchain development and consulting firm headquartered in Toronto, Canada, with a distributed team across North America, Europe and Asia that is focused on building next generation applications using blockchain and smart contract technology.

The legality of sports betting has long been contested both in the US and across the globe. But with the May 14th ruling in favour of legalizing sports betting in the US, things are about to change.

Whether you enjoy betting or not, the legalization of sports betting will probably affect you in some way or another. Coupled with the enhanced digital technology of today, sports betting will look completely different than how it looked twenty, ten, or even five years ago.

The industry as it is today
The sports betting industry currently generates about US $120B in revenues. With the loosened legislation around sports betting in the US and innovations in the industry, it is predicted that within five years the industry will generate between $300B and $400B annually.

Over the years, gambling has evolved significantly. With the rise of the internet, one can place a bet online, from a mobile phone, without visiting a casino. Now, with the development of blockchain and smart contracts, the gambling industry is undergoing another major shift. 

One of the most significant digital transformations has come from the implementation of blockchain in sports betting. Due to its secure, decentralized design, blockchain opens doors in the realm of sports betting that was a mere idea in the past.

How blockchain is changing sports betting… for the better
Through the implementation of the blockchain, the payment methods can be simplified down to sending funds through your digital wallet, placing bets digitally, and then easily be paid out by sending funds back to your digital wallet.

Blockchain’s decentralized ledger also enables safer transactions and creates trust due to its transparent nature. Sports bettors no longer need to go through unreliable third parties to place bets or transfer funds. The open transparency also mitigates the risk of betting houses from setting up their users to fail. The decentralized technology offers a type of digital transparency between platforms and users that never existed before.

Which betting platforms are using blockchain?
Many betting platforms, both established and emerging, are beginning to implement blockchain into their design. While some are succeeding, less than 40 platforms accept cryptocurrencies and none of them use smart contracts or peer-to-peer betting.

With the evolving adoption of blockchain technology, sports betting is about to undergo a major transformation.

ZenSports is an emerging peer-to-peer sports betting marketplace that utilizes blockchain technology and enables users to create and accept sports bets without a centralized bookmaker. ZenSports aims to become the world’s largest platform for sports betting through smart contract technology, blockchain and cryptocurrencies.


While outdated payment systems result in additional fees and delays for bettors, using cryptocurrencies to fund betting on ZenSports reduces almost all of that start-up hassle. ZenSports also allows bettors to set the odds and parameters for almost any type of bet imaginable – a feature that would never have been possible without blockchain. Every time one of these bets is made, a smart contract is formed. The smart contract sets the rules for how a bet is won or lost, who gets paid out, and other important details that need the kind of transparency blockchain allows.

Disputes within the platform are settled through its own tokenized economy. Bettors are penalized for self-reporting incorrect information and users who vote with the majority on disputed results are rewarded. Through this method, users feel a deeper sense of connection with the marketplace and help to keep their peers accountable.

Conclusion
The unique features of ZenSports allow users to self-manage the entire end-to-end betting process. Through secure, decentralized data storage, blockchain enables platforms like ZenSports to offer bettors flexibility and transparency to make their bets.

Whether it is peer-to-peer betting, betting using cryptocurrencies, or being involved in the betting process from beginning to end, it is undeniable blockchain will have a notable effect on the sports betting industry as a whole.

 


TheCraMan
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November 05, 2018, 11:46:36 AM
 #7

Learn more about ZenSports use of smart contracts at:
TheCraMan
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November 06, 2018, 07:20:29 AM
 #8

3 ICON DAPPS FIGHTING THE FUD

Read it here:
TheCraMan
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November 07, 2018, 12:37:43 PM
 #9

Tune in for ZenSports interview with Coin on Nov. 12 7 PM PST!
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November 07, 2018, 07:19:02 PM
 #10

It seems to you that you are too clever writer - philosopher? Maybe it is so. But, while I read to the end, I forgot about what was written at the beginning. The ancient Greeks invented conciseness. Express laconic - this means a minimum of words, maximum meaning. The project is good, but marketing verbal chatter is annoying.

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November 07, 2018, 08:14:51 PM
 #11

We invite you to bring your project to our exchange, Altmarkets is a Cryptocurrency 6,000 members and over 100 coins listed. Focusing on lower-tier altcoins we push each coin listing with social media announcements as well as to our growing social channels.

Our BCT Announce: https://bitcointalk.org/index.php?topic=4687148.0
Discord Channel: https://discord.gg/p4NwBdE

Request a listing with us via the above thread / announce post or visit http://www.altmarkets.cc - We aim to reply within 24 - 48 hours.
TheCraMan
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November 09, 2018, 12:29:56 PM
 #12

Click below for full article:
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November 12, 2018, 12:30:36 PM
 #13

Stripe’s Decision To Cut Off ZenSports Is Why We Need Cryptocurrencies

The email from Stripe’s support team came on November 5th:

Because of the new legal peer-to-peer sports betting features that ZenSports launched on September 12, 2018, Stripe had made the decision that they were cutting off ZenSports from all further credit card processing using its third party API. Cutting us off without any kind of real research into the exact nature of our business. Cutting us off without reading the legal opinion on how everything we’re doing is completely legitimate and legal. And cutting us off without any warning whatsoever and leaving our customers in a complete lurch so that effective immediately, their payments could no longer be processed within ZenSports.

This kind of blanket authority should send chills down everyone’s spine. A centralized figure head or group of people at Stripe were able to come up with a policy to ban businesses that it finds unsavory or doesn’t approve of, despite the fact that those businesses are 100% legal. While any company can of course choose to do business or not do business with any other company for any reason, the decision to not do business because one doesn’t “approve” of the nature of someone’s new product suite (even though it’s 100% legal) is scary.

We need cryptocurrencies and blockchain technology to eliminate Big Brother’s control

So what can be done about the overreaching nature of these financial tech giants that want to exert their control over the little guy? The solution lies within the world of cryptocurrencies and blockchain.

Cryptocurrencies are a form of digital currency that use a distributed, online ledger called the blockchain to manage sending payments from one person to the next. The blockchain is “decentralized”, which means that it’s fully run and managed by technology without a centralized authority telling people how they’re allowed to send money or for what purpose. With blockchain and cryptocurrencies, you can send money to another person through ZenSports or via any other application, and you can do so for any reason — without having to get any person’s or company’s approval saying that you’re allowed to do so. You, the people, have full control over the management of your money. Which is how it should be.

As part of ZenSports current Token Sale, ZenSports will actually be launching its own cryptocurrency token next month and integrating it into our product in Q1. Anyone can purchase our cryptocurrency tokens, use them for anything they want within our app, and not have to worry about some out-of-touch executive saying “sorry, you can’t do that” or “we don’t want your business”. The power is yours to send and receive money whenever and however you want. There will also be the ability to exchange these tokens back to fiat (government currencies like dollars) if anyone so chooses.

We concede that despite the myriad of frustrations around traditional, centralized payment solutions like Stripe, that the entire world is not yet ready to begin using crypto. For those that still prefer paying for products within ZenSports using traditional fiat, we’ll be implementing a new, gaming/betting friendly credit card processor who will have no problem taking our or your business. This will happen in the next 30–45 days (we’re currently vetting out different providers).

Even though cryptocurrencies haven’t gone mainstream yet, it’s decisions like these from Stripe that hammer yet another nail into the coffin of centralized payment authorities. People will not be denied the ability to pay for legal, legitimate goods just because these financial service providers refuse to join the 21st century. Time is on the side of crypto, blockchain, and decentralization — not Big Brother telling everyone what they can and can’t do with their money.

Try sending me a cancellation email on that one.

If you need any further clarification about Stripe’s decision, please contact their support team directly at support@stripe.com or on Twitter @Stripe. You can follow ZenSports on Twitter @TheZenSports

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November 13, 2018, 02:38:05 PM
 #14

Blockchain in sports betting could provide a new kind of fan experience

With the recent legalization of sports betting in the US, many professionals in the industry are waiting in anticipation to see what happens next. Big changes are happening across the sector, which could affect how fans interact with the sports they love.

While traditional gambling brings to mind slot machines, smoky casinos and dealers running card games, today’s world of sports betting is extremely far removed from what gambling once was. Ted Leonsis, former AOL exec turned sports mogul, said it best when he compared sports betting with trading stocks.

“I liken sports betting more to Wall Street. I don’t believe it’ll be considered a game of chance,” says Leonsis. “I think it will be a game of skill, just like you can be a day trader - you can be at Goldman Sachs, making billion-dollar bets on companies.”

As sports betting moves into the mainstream, legalization opens new doors for the industry. For example, fans could be able to place bets in real time.

Imagine visiting a place specifically designed for sports betting. Like a casino, but more advanced. A space outfitted with the latest viewing technology, with screens showing games and matches from around the world and bettors being able to place bets as each play happens. Traditional sports bets can still be placed, but opportunities for additional prop bets keep fans engaged throughout the game.

This is the future Leonsis believes is coming.

Eventually, sports betting will become the norm in arenas across the country. Fans will be able to place bets from their seats and updated odds will appear on the jumbotron in real-time during the game. Soon every fan will be able to place bets straight from an app on their phone, no matter where in the world they may be.

But with increased online betting comes increased data collection. Fans’ data will be collected by teams, by betting platforms, and even potentially by other bettors. Because of this, it is essential for platforms to be backed by a secure, decentralized network to ensure users’ data is secure.

Blockchain technology as the backbone for sports betting platforms allows bettors to feel confident that their data is safe. As an added bonus, blockchain also ensures there will always be a record of the bets they placed.
Some companies have introduced blockchain technology into their sports betting platforms already. One platform, ZenSports, sees the potential of blockchain in sports betting, and how it could allow for a new kind of fan experience.

Through the use of cryptocurrencies and smart contracts, ZenSports lets users place peer-to-peer bets without the need for a centralized bookkeeper. Because of blockchain’s efficient structure, it allows users to place bets in real time.

Platforms backed by blockchain, like ZenSports, provide users the opportunity to place bets on anything, and to set their own parameters and odds on each one. Smart contracts are created each time a bet is made, and these inform how a bet is won or lost, who gets paid out, etc.

The platform has partnered with ICON, one of the world’s largest blockchains, to build smart contracts and allow bettors to use SPORT, ZenSports’ own cryptocurrency, or ICX as an alternative to traditional funds. Using cryptocurrency to place bets is cheaper (as there are little to no upfront fees), faster and more trustworthy for bettors.

A platform like ZenSports shows us what the future of sports betting may look like. Rather than sitting back and watching passively, allowing play-by-play betting means fans will stay attentive throughout the entire game or match.

With the opportunity to place any bet they want, with anyone they want, bettors have more opportunities to engage with their favourite sports than ever before.

Decades ago, professional American leagues were publicly opposed to sports betting after dealing with match-fixing and point-shaving scandals. But after public approval and the recent legalization, most have now come around, with the NBA and MLB leading the way. It won’t be long before all leagues see the potential for sports betting.

With new technology and legislation comes a new fan experience. The potential for real-time sports betting, whether from the comfort of your couch or the stands of an arena, will bring fans into a new era of professional sports.
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November 14, 2018, 11:31:12 AM
 #15

Former NBA commissioner David Stern hopes to see legalized betting expand in U.S.
Play video here:


Former NBA commissioner David Stern, a longtime ardent opponent of sports betting legalization, said Thursday that his position has evolved to a point where he now hopes to see legal sports betting expand in the United States.

Stern, speaking to a crowd at the American Gaming Association's Global Gaming Expo on Thursday in Las Vegas, said the notion that gambling will lead to bad things is "outdated."

Read the full article here:




TheCraMan
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November 17, 2018, 06:54:03 AM
 #16

Coin Interview with Zen Sports

ZenSports is a peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker.

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November 19, 2018, 12:50:50 PM
 #17

Mark Thomas, Co-Founder & CEO of ZenSports, explained their product to be an in-game and real-time betting DApp for traditional games. Their philosophy is: "sports are more fun when there's money on the line."
Click to play

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November 20, 2018, 07:32:41 AM
 #18

Click to play

Rosse Gates of Alphagrowth interviews Mark Thomas of ZenSports at Epicenter during SF Blockchain Week.
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November 21, 2018, 01:18:57 PM
 #19

Click to Play

Check out ZenSports' presentation at Acceleprise NYC Demo Day in June 2018 from our Co-Founder & CEO, Mark Thomas.
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November 21, 2018, 01:27:52 PM
 #20

I am still confused between ICX and Sports tokens, so you will create 2 tokens? What's the difference between the both?
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November 21, 2018, 09:11:42 PM
 #21

The site is interesting in terms of design. There is information about the team about the project. I would like to see the interface of your platform, the mechanism for setting sports betting.
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November 23, 2018, 03:32:45 PM
 #22


ZenSports Launches Peer-to-Peer Sports Betting App
PRESS RELEASE PR Newswire

SAN FRANCISCO, Sept. 17, 2018 /PRNewswire-iReach/ -- ZenSports, a mobile app that manages everything for recreational sports, is shifting its focus today by launching a new peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker. Users generate their own bets and content, and ZenSports is the marketplace that brings both Makers and Takers of bets together.

According to ZenSports Co-Founder & CEO, Mark Thomas, there are a lot of problems with traditional sports bookmakers that ZenSports is now solving for with this new product. "Traditional bookmakers only make money when you lose because they're always on the other side of the bet," says Thomas. "So they naturally always stack the odds and terms in their favor. Plus, they only offer certain kinds of bets because they have limited technologies and underwriting capabilities to offer all types of bets both before and during a game. With ZenSports, you're in full control of which bets you want to create and on which terms. And if you prefer to just accept bets that others have created, that's fine, too. ZenSports does not create bets or provide bookmaking services of any kind. Users generate their own content and their own sports bets. Bets are never affiliated with or provided by ZenSports in any way."

Here's how ZenSports peer-to-peer sports betting works:

Anyone can create any kind of sports bet that they want with their own odds, payout, and wager amount. Those bet creators are called Makers.

Anyone that accepts a Maker's bet is called a Taker. Takers can accept the entire bet from a Maker or just part of a bet if they want to wager less than what the Maker is offering.

When the bet is over, the Maker submits the results of the bet outcome. To prevent a Maker from submitting false results, Makers have an escrow fee equivalent to 10% of their bet set aside in case of a dispute by the Taker.

If the Taker disputes the Maker's submitted results, they have an escrow fee equivalent to 5% of their bet aside (to prevent the Taker from submitting false disputes).

If a dispute is submitted, it goes to the marketplace for a vote. The marketplace is incentivized to vote correctly because they will receive half of the losing party's escrow amount if they vote along with the majority of voters. The prevailing party in the dispute receives a refund of their full escrow fee, along with half of the losing party's escrow fee. All bet winnings are paid out accordingly.

The goal, according to Thomas, is to create a fully decentralized sports betting marketplace where no centralized sports book is necessary to create or manage bets. "We think of ZenSports as being more like a trading platform where there are Makers and Takers that are controlling for themselves the price that they want to buy and sell at. The trading platform is just a matchmaking service bringing both parties together. ZenSports is doing the exact same thing, bringing together and matching up bettors from both sides of a bet. There's no reason for some centralized bookmaker to control every aspect of the betting process. We feel our format is much more user friendly."

ZenSports is initially launching its sports betting app everywhere except the United States, Canada, Europe, and Australia. The company is currently working on the legal requirements to begin operating in those jurisdictions. Users in the U.S., Canada, Europe, and Australia can still access its previous recreational sports product.

Coming soon: Cryptocurrency and Smart Contracts Integration

There are several other payment and funding issues with traditional bookmakers, which ZenSports will be solving for in the future as well (but which are not part of this launch). Despite the fact that it's perfectly legal for people to bet on sports, both online and in land-based sportsbooks, many banks refuse to fund gaming accounts through credit cards or wire transfers. This makes funding betting accounts a complicated and arduous task. Even when banks do allow their customers to fund betting accounts, there's often a lag of 1-5 days before the funds are made available, and there are fees associated with credit card payments or wire transfers.

ZenSports will attempt to solve for all of these payment, funding, and payout issues by integrating cryptocurrencies and smart contracts into its app. Bettors may be able to fund their accounts, place bets, pay commissions, and cash out their winnings via cryptocurrencies.

There's also the trust issue that bookmakers won't run off with customers' funds. "Traditional online sports books haven't proven to be trustworthy institutions when it comes to handling people's money," says Thomas. "There have been numerous cases of sports books stealing money, not paying out bets when they're supposed to, etc. And there's absolutely no recourse for users when that happens. With what ZenSports is building, we hope to improve bettors confidence that they can move money into and out of their ZenSports account efficiently, quickly, and without a middleman getting involved."

All of the interactions between bettors and the ZenSports app are anticipated to be handled through smart contracts built on ICON's blockchain, so as to further prevent any centralized party from accessing betting funds or doing anything nefarious with those funds. All transactions are anticipated to be recorded on ICON's blockchain, which has been known to be fair and verifiable. This aims to give bettors a cheaper, faster, and more trustworthy process for wagering on sports than traditional online sportsbooks offer.

"We anticipate ZenSports to be viewed as a fair brand that all sports bettors can trust because we can't be in the middle of a transaction even if we wanted to, and all transactions are verifiable on the blockchain," said Thomas.

ZenSports plans on integrating cryptocurrencies and smart contracts by Q1 2019. In the meantime, users can deposit funds via credit card, wire transfer, or cashier's check.

ZenSports is available for download in both the App and Google Play Stores.

Media Contact:Mark Thomas, ZenSports, 888-688-7767, mark@zensports.com


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November 26, 2018, 12:46:11 PM
 #23

Sports Betting Is NOT Gambling. It’s Skill-Based

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November 28, 2018, 11:15:47 AM
 #24




Company name: ZenSports
Founder(s): Mark Thomas, Karsh Kumar, Etan Mizrahi-Shalom
Headquarters: San Francisco, CA
Website: http://zensports.com/
1. What is your elevator pitch?
ZenSports is a social network for recreation and amateur sports that makes it easy for you to find and schedule matches with other individual players and teams near you, as well as find, register, and pay for leagues, tournaments, pickup games, and social sporting events.
2. Problem & Solution
There are over 52M people in the United States that play in recreation and amateur sports each year, and hundreds of millions of more worldwide. The current landscape for these players is extremely fragmented, and it’s very difficult to find and connect with other players and competitions in order to play and compete. Currently, anyone looking to play a pickup game of basketball or play in a tennis tournament has to use a combination of text, Facebook, or Meetup to find friends or new people to play with. There’s no quick and easy way to find other players in your area that are into the sports you’re into, and that you can instantly schedule a match or competition with.

In addition, there’s no software component with those other products to manage your competitions, such as brackets, match play results, etc.

From a broadcasting and going live perspective, the problem with Facebook Live and YouTube is that your sports live streaming gets lost in all of the other noise that those social networks have. With ZenSports, you know that the live streams that you’re getting notified about are 100% geared towards the sports that people that you’re following are playing. Similarly, when you broadcast your live stream, you know that your audience is 100% interested in watching you play sports. This kind of focus is crucial when it comes to targeted, relevant content.

Lastly, once your competition is over, there’s no central database that exists right now to manage all of the stats, ratings, and record keeping for recreation/amateur sports.
3. Market – your target market and the overall market
Our target market is the 52M people in the United States that play in recreation and amateur sports, and the hundreds of millions of more worldwide. These people spend billions every year on competition entry fees/dues and sporting equipment. It's a huge market.
4. Business Model – how do you make money?
We're not currently charging for our product, since we're a social network and discovery platform for amateur/recreational sports. However, there are several ways that we can monetize once we're ready to generate revenue:

1) Offer a marketplace where players can buy/sell sporting goods, and take 10% of the GMV. There's been an explosion in Facebook groups that allow for buying/selling of sporting equipment. We’ve had several users already ask for this feature.

2) Charge competition directors/organizers 10% of player entry fees and dues that are processed through ZenSports.

3) Charge facilities for helping players make reservations there when scheduling a competition or a match. We can recommend nearby facilities to hold a match or competition, allow the players to pay for a reservation through ZenSports, and then take a 10% cut before paying the facility.

4) Run competitions ourselves and keep all of the entry fees/dues. While it’s certainly more work than being purely a technology company, we would also get to keep a higher percentage of the entry fees/dues (from 20%-25% instead of 10%).

5) Ads. This can take several forms. Directors could pay to promote their competitions locally or nationwide. Sporting equipment manufacturers could accurately target their products to players within a given sport. We can also allow service providers, like coaches or trainers, to advertise their services.
5. Management Team – with titles
Mark Thomas - Co-Founder & CEO
Karsh Kumar - Co-Founder, CTO, & Chief iOS Engineer
Etan Mizrahi-Shalom - Co-Founder & Chief Android Engineer
6. Financial Needs: are you currently looking for investment? Have you raised investment already? If so, who are your investors?
We're going to begin fundraising on September 7, 2017 for a $1M seed round.

We've already raised a $215K Friends & Family round so far. Notable investors include Steven Fan from Tencent and Johnson Juanda - member of the Poker Hall of Fame. Mark Thomas has also invested in the company since he had a successful exit with his prior startup.
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November 30, 2018, 01:02:57 PM
 #25



P2P Sports Betting Platform ZenSports Launches Token Sale

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November 30, 2018, 01:18:09 PM
 #26

DOES DEV TEAM INTEREST TO LIST YOUR ICO ON ICOBASE PREMIUM PLATFORM?

ICOBASE is one of the first premium ICO list platform designed to give visibility to the ico that meets our requirements
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June 12, 2019, 09:40:00 PM
 #27

ZenSports Launches In-Game Betting! (and 10 More Soccer Leagues)

ZenSports is a mobile-first, peer-to-peer sports betting platform, that are giving sports bettors a breath of fresh air with their native iOS and Android mobile apps that allow you to create and accept bets on your terms with other peers from across the world who are just like you.

Now they had announced that ZenSports customers could do In-Game betting, which means you can bet in real-time on your favorite team, player, sport, or league while that actual sporting event is happening.

And get ready, cos this will be HUGE!
Starting from now 10 additional soccer leagues are available in ZenSports app!!!
They’ve added 10 new soccer/football leagues and tournaments into ZenSports, giving us a total of 16 soccer/football leagues that we now offer games/teams/players/bets for. Here are the 10 new leagues and tournaments that we’re now offering:

Africa Cup of Nations
A-League
Argentine Primera División
Brazil Serie A
Copa America
Eredivisie - mmmmmmmWohoooo!
FIFA World Cup
Liga MX
MLS
UEFA Europa League - cool!!!
And of course, we still have the 6 leagues that we had before: England Premier League, German Bundesliga, Italy Serie A, France Ligue1, Spain La Liga, and the UEFA Champions League.

So, it's really nice to see how this project continues its development and actually never stop it, nevertheless the fact that the SPORT token - the native token of the betting app marketplace is still not implemented in the betting marketplace app.
Their telegram community is always active and do make bets every day with their own odds.
Congrats with a great job to all Zensports team!!!

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June 22, 2019, 07:10:01 AM
 #28

The last weekly update from the ZenSports team is fabulous!!!



The last product update that was released in the ZenSports app earlier this week now allows making bets on sports with your credit card!
And this is available due to the recent big partnership and integration with Skrill, which is actually one of the world’s largest fiat currency payment processors for the gaming industry.


So now you can deposit funds into your ZenSports account from credit cards, ACH, and even cash deposits at local businesses!
 
Also, ZenSports team has greatly improved the speed and loading time within the app: you could do creating, accepting, closing, deleting, and submitting results on a bet in times faster than it was before (f.e. loading time has been reduced from about 10 seconds down to 2 or 3 seconds).


The link to the last weekly update - https://www.zensports.com/updates?utm_source=sendicate&utm_medium=email&utm_campaign=2019-06-21+Wanna+bet+on+sports+with+your+credit+card%3F+Now+you+can%21

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June 26, 2019, 09:31:33 PM
 #29

As was said previously, finally you can now also make a deposit using Skrill in the Zensports app if You use an Android phone too!
You'll see the "Skrill Digital Wallet" option on the Deposit Funds screen, and despite a deposit using Bitcoin, Ethereum, or Litecoin starting
from now you can make a deposit via Skrill if your country is supported.

So, here is the list of the countries that are blocked from using Skrill, and customers from these countries must deposit via cryptocurrencies instead:
Germany, Great Britain, Belgium, France, Spain, Japan, Turkey, Australia, Poland, Sweden

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July 05, 2019, 04:56:39 AM
 #30

And here are the words of Lorenzo Pellegrino, CEO of Skrill Ltd., NETELLER, and Income Access at Paysafe, about the recent partnership with ZenSport:
“We’re excited to partner with ZenSports to diversify the brand’s payments offering. The concept of peer-to-peer sports-betting is highly innovative, and we’re confident that ZenSports will enjoy strong growth with the support of our Skrill digital wallet and our long heritage in the sports-betting space.”
This is really a big step for ZenSports as those who are experienced in sports betting knows that Skrill is widely-established in the global sports-betting,
so it`s very popular among bettors throughout the world and has many long-standing payments partnerships with leading online sportsbooks.

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August 22, 2020, 02:06:29 AM
 #31

I visit the site with Tor, and the site allows Tor, like it.

Check the Terms & conditions: No rules on VPN or Tor as well as IP address.
Check FAQs: no content so it should be updated soon.

I am happy to see some updates on the Product update

Suggestion, the ANN thread should be more regularly updated by developers.

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August 22, 2020, 04:22:45 AM
 #32

Wow, after almost 2 years this project becomes alive again in this forum. Is that because of their current sig campaign? The devs should really come to this thread and update the community about their current progress and it seems that their sportsbetting site is already fully operational. Just right timing that sports events are coming live again.

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August 22, 2020, 07:19:57 AM
 #33

The latest update is on 11 August. For more updates in 2020, you can easily get it on their Product updates page.

Added support for U.S. based customers going through the KYC/AML process. We are now asking for the country of issuance for the documentation on the Upload Documentation screen. From there, if you choose the U.S., we then ask additional questions such as what your state of residency is, along with your social security number. The flow remains the same as before for international customers, with the exception of asking for the Document ID in addition to the Document Type.
Updated the content for the KYC/AML Verification screen tooltip to make it clear what the requirements are for the KYC process. For U.S. customers, the main thing to pay attention to is the formatting of your address for the State and Zip Code fields.
Improved the user experience for uploading documents for the KYC process. We are now showing a pop up after the document is selected to let customers know how long the upload process could take.
Fixed a bug on the Favorites screen where the search bar would disappear if your search criteria returned zero results.
Fixed a bug where CS:GO Write In bets were not allowed to be created.
Fixed a visual bug on the Submit Results screen for Android where the Delete and Close buttons were appearing (nothing would happen if you tapped on them since the bet had already been accepted).
Fixed some visual design issues throughout iOS.
Fixed a bug on the Prize Money screen within the tournament feature for Android where it was not showing the prize money value if the number was too large.

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August 22, 2020, 11:53:52 PM
 #34

Wow, after almost 2 years this project becomes alive again in this forum. Is that because of their current sig campaign? The devs should really come to this thread and update the community about their current progress and it seems that their sportsbetting site is already fully operational. Just right timing that sports events are coming live again.

I have checked their site due to their current signature campaign but sadly this is only an app and can only be accessed through app installation. Hopefully they consider on making a website platform
but im not saying that their current development is bad.Its just a personal preference though.

Good luck on Zensports team.. As suggested they should really be active on this forum if they do really like for some recognition.

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August 22, 2020, 11:57:01 PM
 #35


I have checked their site due to their current signature campaign but sadly this is only an app and can only be accessed through app installation. Hopefully they consider on making a website platform
but im not saying that their current development is bad.Its just a personal preference though.

Good luck on Zensports team.. As suggested they should really be active on this forum if they do really like for some recognition.

I agree with this. Some of us still prefer the web application. On my end, I like to access via web so my screen is bigger and easy for me to navigate. But yes, it is true. It is more of personal preference. With about 2 years here, they should have web app already. But with their current campaign, maybe this will help them attract some gamblers to install their app and bet on them.

Normally, we are used to seeing a gambling site developed first via web app and later on mobile but this one is the other way around.

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August 23, 2020, 09:56:04 AM
 #36

Wow, after almost 2 years this project becomes alive again in this forum. Is that because of their current sig campaign? The devs should really come to this thread and update the community about their current progress and it seems that their sportsbetting site is already fully operational. Just right timing that sports events are coming live again.

I have checked their site due to their current signature campaign but sadly this is only an app and can only be accessed through app installation. Hopefully they consider on making a website platform
but im not saying that their current development is bad.Its just a personal preference though.

Good luck on Zensports team.. As suggested they should really be active on this forum if they do really like for some recognition.

They might be active or will hire a representative in the forum since they are running a signature campaign.

I was surprise as well that the site can only be access through application since this is my first time, most of the sportsbook I'm using either only access through web browser or both application and web browser. Still, I'll check the site and experience using an app, maybe it would give a better experience.

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.Duelbits.
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August 25, 2020, 03:15:37 PM
 #37

Wow, after almost 2 years this project becomes alive again in this forum. Is that because of their current sig campaign? The devs should really come to this thread and update the community about their current progress and it seems that their sportsbetting site is already fully operational. Just right timing that sports events are coming live again.

I have checked their site due to their current signature campaign but sadly this is only an app and can only be accessed through app installation. Hopefully they consider on making a website platform
but im not saying that their current development is bad.Its just a personal preference though.

Good luck on Zensports team.. As suggested they should really be active on this forum if they do really like for some recognition.

I do believe that the offline apps are much better for the betting , online betting is good but at the same time the app is :

1. More secure
2. You can keep all the info. With you
3. It's somehow more organised
4. Regular updates are on time and you can keep receiving the notifications every now and then
5. Interaction is more real

Much more , As for me I do prefer the betting to be offline but if users will have an option it would not only increase the reach of the casino but there will be even more people engaging in the same.

.
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..Play Now..
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