Hello BitcoinTalk, Welcome to Bookie!
Bookie is the world’s first decentralized betting exchange.
What’s a betting exchange?
When you bet with a sportsbook, your wager is matched by the “house” (the sportsbook operator). If you win this bet, this sportsbook operator pays you directly. But with Bookie there is no house. Instead, Bookie matches your bet with other users who want to bet against you. Betting exchanges provide the user with huge flexibility - you can bet FOR Team A to win (“back Team A”) or AGAINST Team A winning (“lay Team A”).
What’s decentralized about Bookie?
Instead of running on a private, centralized server, the Bookie app plugs into the Peerplays blockchain - a custom-built gambling blockchain that scales to 10,000+ transactions per second. Backed by Peerplays, there is no central operator to run off with your funds, refuse or delay payouts, or cheat you out of money. Just as Bitcoin and its kind have decentralized currency, Bookie decentralizes sports betting.
Why should I use Bookie?
- Truly Global, 100% Secure – Anyone can place a bet, from any country in the world, with 100% secure deposits, withdrawals, and bet placement.
- Provably Fair – Traditional sportsbooks and betting exchanges run on private, centralized servers, using proprietary software. Bookie runs on 100% open-source software.
- 100% Real-time Transparency - All Bookie bets are published on the Peerplays blockchain in real-time. No secrets allowed… it’s built into the tech!
- Same Fees for All – Bookie will charge an industry-low commission on winnings to all users. Whether you bet big or small, once a day or once a year, Bookie treats everyone the same.
- Private, Anonymous Control of Funds – Bookie offers users the best of cryptocurrency: no KYC (Know Your Customer), multiple wallets/accounts, maintain anonymity while you bet.
Bookie is fully transparent, provably fair, and offers users the speed, capacity, and functionality required to become the first truly global sports betting exchange.
Launch schedule for Bookie
Bookie will be released as a downloadable app (or DApp - Decentralized Application) in Spring 2018. Here are some key milestones leading up to launch:
- Your Opinion Matters - We want your opinion on which Sports and Competitions (Leagues) to launch with! A thread was already created here and the conversation has started. Let us know what you think.
- Beta Testing - The first round of beta testing is slated to start in the coming weeks. Testers have already been approved, but if this is something that interests you, keep an eye out for future calls for more testers.
- New Website - You can find the Bookie website in its original state at bookie.exchange, but it’s being redesigned at this very moment. Stay tuned for a relaunch in the coming weeks - we’ll have more news, more info, more Bookie.
Where you can find us:
Newsletter
Website
There’s so much we’d like to share with you about what Bookie is and how it will work but we wanted to keep this short… Look forward to questions and feedback! Thank you!
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The Peerplays Blockchain Standards Association
www.pbsa.info
www.peerplays.com
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UPDATES:
January 19, 2018 - Bookie Newsletter
February 1-13, 2018 - PBSA oversees Bookie Beta Phase 1
February 23, 2018 - Bookie Newsletter
February 25, 2018 - PBSA releases Bookie Beta Phase 1: Recap, posted to Steemit