Topic: [ANN] ⚽️ FansUnite ⚾️ Sports Betting on the Blockchain - page 20. (Read 6746 times)

I like that blockchain is going to sport bets. It will be able to create a transparent bets.

Hi BuyingFast,

We're glad you approve of them! We're so excited to have Ryan on board, he's a marketing genius and is absolutely going to help us gain notoriety and marketshare. All our advisors are being compensated in tokens so their interests are aligned with us, as well as, our investors and prospective users.

We're very confident in the team and advisors we've assembled to be able to build out the platform we envision for sports bettors.

Thanks for your support.
Jonny

Reading through those, they seem very well chosen. Ryan Faber should be magical. How are advisors getting paid? FansUnite tokens?

Here's a new Medium blog highlighting the achievements of our Advisors: https://medium.com/fansunite/fansunite-meet-our-advisors-1485e6b92514

Agreed. We are welcoming all arbers!

Sports betting arbitrage will never be the same again.

Thank you so much for your support Cutekittens21!

I think there are a few important differences between ourselves, and our competitors. I do not want to unnecessarily criticize other projects that are trying to help the betting ecosystem, so I will just point out a few differences.

The major difference between FansUnite and and an exchange, from a betting perspective, is that exchanges are building a peer to peer platform. They will be building a betting exchange in which one user bets against another user. FansUnite will be building a platform more akin to a sportsbook like Pinnacle or Bet365 where members do not necessarily need a counterpart on the other side of the bet. There are other key differences, but this is the main one from a betting perspective. Likely, we will also offer a betting exchange aspect, to our platform, but it's not our main focus.

The major difference between FansUnite and other traditional sportsbooks, or blockchain based ones are, from a betting perspective, that others are building a platform and not attempting to abide by the authority of the relevant gaming authorities and likely will not apply for the appropriate licenses. From our understanding, that is not of concern to them. For us, it is important to work with the appropriate regulators.
As such, we will be working with the appropriate licensing authorities (while the platform is being developed) to receive these licenses. We are confident that our in-house legal, legal advisor, legal counsel, and relationships with various gaming authorities will help us in pursuit of these licenses. Further, all indications are that the odds offered by our competition will be more in line with the odds offered by traditional sportsbooks, while our odds will be more favourable to the individual bettor.

Lastly, FansUnite will maintain the social system that is part of our existing platform, which we believe brings another layer of transparency and verifiability to the sports betting industry. We feel that transparency is an extremely important trait.  Readily displaying statistics such as ROI will allow members to find other members who are profitable, and will aid in ensuring that people do not follow members who are in the negative. It also reduces the ability for touts to try and sell their picks and claim absurd winning percentages, all while falsifying their records. Our platform will provided a trusted third-party verification tool.  Now, for the individual bettor, if they are losing constantly, and they aren't aware of their personal ROI, then we think it is important to provide that for them as well, so that they can make decisions as to whether or not to continue.

Further, we’ve always wanted to level the playing field and we believe this new platform is giving sports bettors their best chance at being profitable. Secondly, we have put together a great team to take on this challenging build. Our team has over 50 years sports betting experience and we’ve assembled a team of advisors well versed in the legal and technical aspects of putting sports betting on the blockchain. This includes Shafin Diamond, E&Y Entrepreneur of the year in Canada, Segev LLP and Isolas for our iGaming and token legalities, Peter Smyrniotis for scalability and security, and of course the founding team of FansUnite. We also have many mechanisms in place to ensure the platform stays up and running in perpetuity, as an example, our 200M token platform supply pool as a buffer to pay out winning bets if the community is winning a lot more than losing.

Thanks for the support arseaboy. We are very happy with the team we've built to support us, from legal counsel, to accountants, to advisors with tremendous experience in scaling companies and security.

Sports betting is huge and I will 100% get behind this one. Seems like you may have a lot of competition, any idea on how you will separate yourselves from them?

I'll be joining the twitter bounty 

it will be a good impact for your site mate having someone who's familiar with all the things that he needed to be present will able to attract people to
use your platform, i'm getting curios with all the successful updates from your business and might be playing after sometime, good luck and keep it
coming.

Hi BuyingFast, thanks for the question. Yes, Segev LLP will certainly be helping us in obtaining licenses, as well as our counsel in Gibraltar. Segev LLP, specifically, has a wonderful network in the gaming/betting world, having been counsel to betting and poker companies for quite some time now.

Will they help with getting licenses too?

Hi okspam,

Yes that is correct, you will be able to send in FansUnite tokens to our bet smart contract address and enter into bets, provided that you have some ether to foot the gas cost for that transaction. Winners would automatically be paid out in FansUnite tokens after resolution of the event. For those who are less technologically savvy, or just more concerned with ease of betting, there will also be an option to deposit FansUnite tokens and bet directly on the platform.

Thanks for your question!
FansUnite

So the money would be in the player's personal wallet (even Ledger or Trezor), and a part of it would be sent to a contract only when a bet is placed? Then, after the win, the contract sends the money automatically back to the player?

Thanks for the support BuyingFast!!!

Good value for Twitter on the social bounty, I'm in.

Hi everyone, just for reference, our social bounty thread is viewable here - https://bitcointalksearch.org/topic/m.22481054

Thank you for your support Scolary!

Information regarding our bug bounty will be released in the next week or so. We will definitely provide you with the necessary information as soon as it is publicly available. Thank you for your interest, xoof.

yes I ask for it, I will keep up with updates about this project, this project looks quite interesting and I think have good potential