I would like to offer a complete and fully functional
Bitcoin Betting Exchange/Prediction Market for sale.
Intrade is gone, Bitcoin rules, but parimutuel sucksSince InTrade has disappeared, I think Bitcoin has a huge opportunity to show the way in peer-to-peer betting. The problem is that the current model dominating on bitcoin sites (parimutuel betting) is unfit for serious betting. What is needed is a proper Betting Exchange!
A
betting exchange is a peer-to-peer platform for betting: instead of betting against the house, the users bet amongst each other. A betting exchange is much more flexible than existing bitcoin betting sites in that it allows multiple outcomes and also allows the users to bet at the odds they like.
The site operator earns money on charging a small commission on winnings, rather than being a counterparty to the bets like a traditional bookmaker.
It is a well-established and popular form of betting: check out
http://www.betfair.com/ and
http://www.betdaq.com/ for successful non-bitcoin examples.
The bets that can be made on the site can be anything from sports to politics to financial bets - it all works the same.
Advantages of Betting Exchanges- Peer-to-peer betting gives great odds and no "house edge"
- Users set their own odds
- Allows betting for or against each outcome
- Enables users to trade and arbitrage
- Bets are between users, site operator has no risk
The Advantages of Using Bitcoin for a Betting Exchange- Simple: no signup, registration or login needed to bet means low barriers
- Security: no personal information, credit card numbers or bank details are needed
- Accessible: open to a worldwide audience
- Users can be as anonymous as they like
- No frozen assets
- Instant payouts
- Low fees
- All customer funds sent directly to an offline wallet
Great idea, but why sell if it's already finished???I believe the site could be a
great success if run by the right person (I would in fact be a big customers myself). It would enter the void left by the Intrade shutdown, and help show the world the power of Bitcoin. I expect it would also generate a handsome profit through commissions taken off the winnings. It has been developed after the model of Betfair and Betdaq (links above) - which are reputable and highly successful (non-Bitcoin) betting platforms. The exchange I have developed essentially clones their functionality, but brings in the power of Bitcoin.
I have developed the site/software myself over the course of one year, with the intention of running it myself. However, am am now looking to sell because I realize I simply do not have the time to operate such a site.
I prefer to sell to a trusted community member who understands the concept well and has (access to) the necessary technical expertise to run the betting exchange.
Technical InfoBuilt on Lighttpd + web.py + Twitter Bootstrap + mySQL. Users funds stored entirely in cold wallet. Fully functional, very polished and well-tested. Some rebranding probably necessary, but essentially ready to launch.
DEMOYes. Demo is available, please PM me!
PriceNegotiable. Escrow encouraged.
Please feel free to ask any questions, either in this thread or by PM.
Edit: Forgot to say that it also allows user-created events, and will share the commission between the event creator and the site owner.