Thanks for asking! The sportsbook will begin with the start of the World Cup!
RoBET is designed to create an innovative 'Betting Exchange' able to enhance the use of smart contracts and blockchain.
The platform is integrated with an AI engine, that elaborates odds and forecasts, supporting the needs of players and bookmakers.
Players can bet using RAC tokens or they can open a mini digital agency and have their own account.
Moreover, they can choose a cryptocurrency for their sports betting and decide a cryptocurrency for their rewards. This way, they can bet at the same time on both sports events and the trend of the crypto market.
I hope I've been exhaustive! For further information, you can read our
whitepaper I read your white paper, and even with a background in math and sportsbetting, Im still trying to get my head around what the actual product is. I think it is clear that the enterprise has the right idea regarding AI and machine learning driving efficient market models is the right direction (FYI two companies are already doing this one is called stratagem and is run by ex Goldman Sachs analysts) but I think you have fundamentally missed two vital parts and possibly shows where you think the financial market should always be the model to replicate into sportsbetting. 1. This concept is far too complicated for the layman in the st. Betfair is the pinnacle of the advancement of sportsbetting market but its by no means the most popular format or platform because the back and lay is too complexed for most bettors. The majority of global bettors want to be told: here is the event, this is the market and here is your potential winnings. People just want to gamble as simply as possible. The second part is that the resulting of markets in sportsbetting is turning into a rightsholders monopoly, whereby agencies acting on behalf of the big leagues have created specific betting rights and copyrights. Recreating or copying this data to result markets (which is a fundamental aspect of any sportsbook functionality, especially for inplay / live markets) is illegal and these HUGE corporations are starting to target any companies doing this with legal challenges. You may say this is decentralised and role out the old we use oracles to result markets but then that opens up a huge integrity question and the system is open to abuse and manipulation. Your are clearly a smart team and the product has some great promise but its been executed naively.