Our venture, PeerBet, is a peer-to-peer (P2P) and automated market maker (AMM)-based sports betting platform designed to revolutionize the Indian online gambling market, which is projected to reach $10.78 billion by 2030. We identified major challenges in the current gambling ecosystem, such as illegal offshore platforms and informal betting systems, which expose users to fraud, lack of transparency, and regulatory risks. PeerBet stands out by providing transparent odds, requiring users to demonstrate sports knowledge, and operating within a regulated framework. We’ve chosen Goa as our launch market due to its established gambling environment and conducive regulatory framework. Our dual revenue model relies on transaction and withdrawal fees, encouraging users to stay engaged with the platform. By combining strategic advertising, regional partnerships, and pilot testing during marquee events, we aim to build credibility and drive adoption for PeerBet.
Team 5: [PeerBet]
Introducing PeerBet, an Indian Online Sports Betting Platform set to improve outcomes for bettors by using AMM and P2P technology, while breaking down the current black market for betting.
Updates
Leave feedback in the comments!
Log in or sign up for Devpost to join the conversation.