The Peerplays Blockchain Standards Association (PBSA), has now announced the availability of BookiePro, a provably fair sports betting exchange, on the Peerplays blockchain mainnet.
The sports betting exchange, a peer-to-peer model with back and lay functionality, has long been dominated by a handful of centralized entities. BookiePro differs by launching as a play-for-fun exchange, meant to educate users who are more familiar with the traditional sportsbook model where users bet against “the house.”
Designed from the ground up to utilize the open public decentralized Peerplays blockchain, BookiePro effectively cuts out the “middleman” and provides a superior user experience with lower costs, higher security, and a fast and responsive interface.
Wagering will take place with the platform-specific token BitFun, which holds no intrinsic value outside of BookiePro.
“Our research showed the market was ready for a new paradigm of security, transparency, and fairness in how people are entertained through sports betting. High fees, poor security, and frustrating user experience in the hands of a largely centralized industry have been major pain points of betting exchange users for years. Our team at PBSA built this first iteration of the BookiePro functions and protocols, but it’s now completely in the decentralized hands of the Peerplays community. Going forward, PBSA will turn its focus to the development of other DApps for the Peerplays ecosystem, with a dual focus on video games and blockchain interoperability.”
– Jonathan Baha’i, President of PBSA
PBSA opted for the play-for-fun/educational model for BookiePro, which is open sourced on GitHub, in order to make it as open as possible.
Gambling laws differ from country to country – even within specific geographical regions – and a decentralized betting exchange with play tokens means more people can experience the fun of peer-to-peer betting without any real financial risk to themselves.
The DApp is ready for download now and is available on both Mac and PC.