I try to stay up to date with all the latest news and developments from Blockchain Projects that offer Sports Betting making a report each month with my personal experience and insights on how this space is evolving.
Market Overview
It's almost exactly 2 months since my last update but I still keep my eye on this market. Some new projects got on my radar while others I completely removed from the list...
Removed Projects
The projects I removed are Decent.Bet(DBET) from which the website doesn't even seem to work anymore, It's been around for long but I never took it seriously or had a deeper look into it. Acedbets.io (ACED) as I literally have zero interest in it. Peerplays (PPY) as it has been around since 2017 but nothing ever came from it and I'm not expecting this to change. Bethereum (BETHER) from which to concept has always been a joke to begin with and I never ever was going to take it seriously. The site is also offline. This is also the case for Stox (STX) which has existed for a long time but nothing ever came from it. Defibet.pro (DBET) seems to be in the same case. So it also goes for betswamp (BETS)
New Projects
From a quick glance at this it seems to be something for tipsters similar to Blitzpick. It feels like it goes back to the 2017 ICO time with a pre-sale of the BETX token. So right now, I know it exists but don't have any intention to look deeper into it until they actually have a product out that has a bunch of users. It feels like one of those projects that is highly unlikely to succeed.
I'm not sure where I came across it but it's in my bookmarked list. At first glance I'm actually intrigued and don't write it off instantly as many others (See Whitepaper). The website is vertimemarkets.xyz. It feels like a regular bookmaker and from what I understand they get their odds from Pinnacle which is good. It also works with chainlink to settle the bets and you can log in and place bets using arbitrum or optimism with USDC and they don't have their own coin. The belgian league is not supported but I will keep an eye on it for sure and maybe try using it at times.
This is another one I bookmarked at some point in time. The Website is aver.exchang and it looks to be a betting exchange on the Solana blockchain with a working product. From what I'm reading, they will have an AVER token which is not released yet. it looks like it will operate in a way to give discounts on comissions along with other use cases.
Governance
Liquidity provision rewards
Staking rewards
Reduced platform fees
Revenue sharing
So testing the platform might give you an airdrop of this one when the token is launched.
beta.goal3.xy is one that got on my radar as a potential dividend-sharing coin for passive income but I had not taken a closer look into it yet. it operates on zkSync. ZKG will be the native token. Right now it is in beta and I haven't interacted with the zkSync chain yet but might try it out in the near future when I find some time. The Whitepaper Link.
Just copied from the Website: Divvy.bet is a decentralized betting protocol. Our mission is to build a frictionless betting ecosystem and empower anyone to Be The House. All bets placed are 100% anonymous and guaranteed by immutable smart contracts built on the blockchain. Connect your favorite compatible wallet and get started today. There is also a Whitepaper. They have a DVY token but I'm not sure if it is released yet. Another one that I will try to look into later down the line.
betero.io is one of the many crypto bookies under the umbrella of OwlDao similar to Openbetai. I'm not 100% how it works exactly but I assume these are easy to set up and just act as a skin to Owl.Games with some kind of revenue share for bringing in new players. They do have a BTE coin and there is some kind of revenue share mechanic
According to their blog (Link there was a $21,337 profit in June. BTE can be staked on portal.betero.io and a whitepaper can be found on docs.betero.io. The marketcap however is 2.5 Million already which is more than Owsdao as the platform they use for their casino & bookie.
chancer.com is another ICO presale of a betting platform according to the site "The world’s first decentralized social predictive markets platform has landed!'. The token will be on the BNB chain and at first glance it's not something that I'm taking all too seriously.
Existing Projects
Rollbit.com recently seems to have gotten under the rader of some youtubers and I fee like 'dumb money' entered into the coin creating a big Pump & Dump with the price reaching a high of 0.12$ which now seems to be going back down again as the actual earnings haven't seen an increase to really justify the move.
RLB Supply
| Month | Supply | Change | Market Cap |
|---|---|---|---|
| March 2023 | 3,268,326,679 RLB | - | 105M |
| May 2023 | 3,268,533,188 RLB | -0.3% | 113M |
| July 2023 | 3,218,633,758 RLB | -1.5% | 291M |
As the price recently went a lot higher, less RLB will be entered in the lottery (unless the prize pool goes up a lot) and less of it will get burned. I do expect the coin to trace back more even though I also never saw such a big pump coming.
The same story continues for Wagerr.com/sportsbook with the change that there actually was a close to 4 Million WGR burn last month. The price however continued to trend down and the overall volume is also down a lot as everyone is waiting for the long overdue v5.0 release.
| Month | Total Supply Change | Change | Total Bet | Volume $ |
|---|---|---|---|---|
| July 2020 | +7,546,461 WGR | - | - | - |
| January 2021 | +9,418,870 WGR | +779,991 WGR | 570M WGR | - |
| January 2022 | +29,269,337 WGR | +10,747,096 WGR | 1,165B WGR | 2.9M |
| February 2022 | +31,819,476 WGR | +2,550,139 WGR | 1.217B WGR | 1.1M |
| March 2022 | +28,303,524 WGR | -3,515,952 WGR | 1.284B WGR | 1.6M |
| April 2022 | +37,689,941 WGR | +9,386,417 WGR | 1.351B WGR | 1.4M |
| May 2022 | +38,914,960 WGR | +1,225,019 WGR | 1.383B WGR | 462k |
| June 2022 | +38,514,659 WGR | -400,301 WGR | 1.393B WGR | 123k |
| July 2022 | +38,819,256 WGR | +304,597 WGR | 1.403B WGR | 77k |
| August 2022 | +39,234,305 WGR | +415,049 WGR | 1.423B WGR | 136k |
| September 2022 | +38,180,565 WGR | -1,053,740 WGR | 1.449B WGR | 171k |
| October 2022 | +39,566,970 WGR | +1,386,405 WGR | 1.484B WGR | 280k |
| November 2022 | +40,953,375 WGR | +1,386,405 WGR | 1.518B WGR | 190k |
| December 2022 | +43,794,404 WGR | +2,841,029 WGR | 1.579B WGR | 306k |
| February 2023 | +45,645,324 WGR | +1,850,920 WGR | 1.632B WGR | 280k |
| May 2023 | +57,483,248 WGR | +11,837,924 WGR | 1.7456B WGR | 372k |
| July 2023 | +53,646,610 WGR | -3,836,638 WGR | 1,768B WGR | 66k |
There was the 8th quarterly token Burn for FUN, this time around 20.52 Million FUN were burned which at the current price comes down to 91k Dollars or close to 0.2% of the supply. This doubled the price overnight but it got dumped back down. It might be a good trading opportunity right before the next quarterly burn as liquidity seems to be low enough for it to create a big pump to possibly take profit on.
50% of profit is used to buy back and burn tokens, these are all the burns so far that have taken place...
FUN Token Quarterly Burns
| Burn # | Quarter | Date | FUN Burned | Value |
|---|---|---|---|---|
| #8 | Q2 2023 | 1 July | 20,520,853 FUN | 91k |
| #7 | Q1 2023 | 1 April | 19,809,555 FUN | 129k |
| #6 | Q4 2022 | 1 January | 18,342,050 FUN | 112k |
| #5 | Q3 2022 | 1 October | 17,451,853 FUN | 127k |
| #4 | Q2 2022 | 1 July | 14,468,541 FUN | 109k |
| #3 | Q1 2022 | 1 April | 11,845n521 FUN | 137k |
| #2 | Q4 2021 | 1 January | 5,750,930 FUN | 85k |
| #1 | Q3 2021 | 1 October | 5,000,000 FUN | 90k |
Listed Projects (CoinMarketCap)
18/05/2023 --> 20/07/2023
| Rank | +/- | Project | Token | MCap | Price | 24h Vol | |
|---|---|---|---|---|---|---|---|
| - | (-) | Rollbit.com | RLB | 298M | 0.09031$ (+163%) | 18M | |
| 365 | (-4) | FUNToken | FUN | 49M | 0.004989$ (-11%) | 900k | |
| - | (-) | Betfury.io | BFG | 48M | 0.0152$ (-7.8%) | 108k | |
| 547 | (-234) | Augur | REP | 24M | 2.18$ (-67%) | 28M | |
| - | (-) | SX Network | SX | 11.5M | 0.1043$ (+8.5%) | 319k | |
| 3091 | (+217) | OwlDAO | OWL | 2.3M | 0.0046 (-51%) | 105k | |
| xxx | (-) | Sportbet.one | SBET | 1.66M | 0.003315$ (+4.9%) | ??? | |
| 2580 | (+425) | Winr.Games | WINR | 1.26M | 0.01405$ (-77%) | 334k | |
| - | (-) | Wagerr | WGR | 774k | 0.00296$ (-4.3%) | - | |
| 1497 | (+72) | Dexsport.io | DESU | 517k | 0.005$ (-57%) | 3k | |
| -/a> | (-) | openbetai.io | OPENBET | 198k | 0.01989$ (-43%) | 818$ | |
| - | (-) | Blitzpick | XBP | ? | 0.0001189$ (-13%) | 66$ | |
| 2628 | (+597) | Betswap.gg | BSGG | 17M | 0.001706$ (+40.2%) | 300k | |
| - | (-) | zensports | SPORTS | 572k | 0.000114$ | 22k | |
| - | (-) | betero.io | BTE | 2.5M | 0.002214^ | (-) | 1.9k |
| - | (-) | Vanilla Network | VNLA | - | - | - | |
| - | (-) | Scorum | SCR | - | - | - | |
| - | (-) | Bitbook Gambling | BXK | - | - | - | |
| - | (-) | Degens | DEGENS | - | - | - |
| Project | Token | Type | Website |
|---|---|---|---|
| Fairlay | BTC | Exchange | Fairlay.com |
| Fansunite | FAN | Sports Betting | fansunite.com |
| Mevu | MVU | Social Betting | mevu.bet |
Previous Monthly Reports On Blockchain Betting Projects
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...
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