Ubet, A Decentralized Sports Prediction Market, Raises $2.7M Capital
05/17/22, 9:17 AM
Location
Money raised
$2.7 million
Round Type
seed
via CryptoCurrencyWire
Company Info
Location
toronto, ontario, canada
Additional Info
Creating a “permissionless market,” the platform will allow sports fans to predict the market outcomes at any amount without the need for broker’s approval. The UBet platform will be on the Polygon blockchain, which is fully compatible with Ethereum (ETH). UBet is a peer-to-pool decentralized, free market economy where the odds are algorithmically created based on market demand, not profit margins. UBet is at the cutting edge of the disruption between sports entertainment and the decentralized finance industry by using smart contracts on blockchain technology to set the prices. About UBet UBet is a decentralized peer-to-peer sports prediction market.