BetProtocol enables entrepreneurs to create betting platforms in minutes. No coding required. These betting platforms are secure, scalable and regulated.
Thay have been working on our product for two years now, and using Blockchain allows them to bring more transparency and trust to online gambling.
Their vision is to enable anyone to dream of being a betting platform operator one morning, and actually be one that same day.
They have already launched a betting app in 5 minutes. Here is the demo of launching a betting app through our back-office portal on the Ethereum Testnet
Accept cryptocurrency payments on your betting platform directly to your bank account and access a $200B market.
0.5% Per Transaction
A Casino Application from Layout, Engines, Games to Deposits
A SportsBooking from Layout, Engines, Odds to Deposits
A Prediction API for the market you decide
Solution
They are many hard problems for setting up an online betting company. To solve those problems BetProtocol works with a 3 layer system defined
The problems are
Regulations (Protocol & Whitelabel & dApp)
KYC/AML/Combating Funding of Terrorism (Protocol & Whitelabel)
Player defined limits (Protocol)
Regulation defined limits (Protocol)
Operational Jurisdiction (Protocol & Whitelabel)
Age limits (Protocol & Whitelabel)
Wallet Structures (Protocol)
Tax Liability Reporting (Protocol & Whitelabel & dApp)
Overall Costs
Gaming Licenses (Protocol & Whitelabel)
Technology Side:
Odds Generation (Protocol & Whitelabel)
Event Resolution (Protocol & Whitelabel)
Payments (Protocol)
Disputes & Arbitration (Protocol)
Uptime (Public Blockchain & Protocol)
Security (Public Blockchain & Protocol)
Provable Fairness (Public Blockchain & Protocol & Whitelabel)
Auditing (Public Blockchain & Protocol)
The following topics represent ongoing work:
A full messaging system specification
Reasons:
The “Shopify” for betting apps
High Wager TPS
All Market Types
Regulatory Compliant Approach
Blockchain Independence
Wager Currency Agnostic
Charity Fund
For more information, visit https://medium.com/@betprotocol/7-reasons-why-betprotocol-is-better-than-the-competition-88d6421def5d
Comparison with Competitors:
