[ICO] ANN Zensports Peer-to-Peer Sports Betting

[dzkrb1966]

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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[TheCraMan]

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

Read it Here:

https://markets.businessinsider.com/news/stocks/zensports-launches-peer-to-peer-sports-betting-app-1027538892

[TheCraMan]

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

Click to Read More

[TheCraMan]

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.

[TheCraMan]

P2P Sports Betting Platform ZenSports Launches Token Sale

Read About it Here:

https://venturebeat.com/2018/11/30/p2p-sports-betting-platform-zensports-launches-token-sale/

[emanueleferra1981]

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[Nadia_l]

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!!!

[Nadia_l]

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

[Nadia_l]

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

[Nadia_l]

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.

[OcTradism]

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.

[tippytoes]

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.

[OcTradism]

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.

[Lanatsa]

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.

[CaVO32]

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.

[freedomgo]

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.

[fiulpro]

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.