Fairlay - prediction market/betting exchange - we offer the SAME ODDS and LOWER FEES than betfair
We are a Bitcoin prediction market with the same concept as betting exchanges such as betfair. We have been around since February. It is a hard thing to get a betting market started since you have a "the chicken or the egg" problem. If you do not have enough users then there is not enough liquidity in the market and that results in bad odds -> you don't get new users.
However - with the great interest caused by the world cup we have overcome this level. Additionally, the number of events you can bet on is still very limited with only 'to qualify' bets. I think we can now say that we offer the best odds on the internet with a liquidity that is at least a reasonable.
For those of you who are used to the befair website with lay odds: To make it easier for beginners we have converted all odds to "back odds". So whether you choose "yes" or "no" (lay) the odds will always reflect your possible return.
Most importantly, thanks to Bitcoin we only take a 2% fee of your winnings while betfair starts at 5%.