PolyCash is an open source betting protocol that makes it easy to create cryptocurrencies pegged to sources of value like dollars or bitcoins.
We have been operating betting games using play money and are now taking things to the next level by launching games where you can bet with real money.

We are seeking partners to help us provide liquidity and hedge against the financial risk of bets placed by our end users. This protocol is designed to make betting as decentralized as possible. In PolyCash betting games, there is no house and odds are determined entirely by the bets placed by the players. When you bet you don’t send money to a trusted intermediary. Instead, bets are placed by sending coins to your own addresses so that you maintain control of the private keys for your bets.

PolyCash can be used for betting on any topic. We currently have games running where you can bet on events where the winner is determined at random in a provably fair manner (see decentralized Rock Paper Scissors). We also have games running for betting on the winners of eSports matches (CS:GO, Dota 2, League of Legends and more - see https://poly.cash/esports-free/)

We need commitments from several “betting hedge funds” in order to launch real money betting for eSports. Betting funds will wager money on betting events to help set the odds and to provide liquidity so that end users can bet significant amounts of money without dramatically changing the odds. PolyCash betting is designed for extremely low fees and provides odds and payouts much higher than traditional betting systems. With fees nearly at zero, it's easy for betting hedge funds to earn profit with low risk betting strategies that outperform the market.

PolyCash is a platform for stablecoins and eSports betting will operate with coins pegged to the dollar. You can buy in and sell out at any time using bitcoin, but the bitcoins will be converted to dollars based on the exchange rate at the time of each transaction.

Fees in eSports betting will be set to the low rate of 0.25% on the payouts of winning bets. You can register as a betting hedge fund by committing to purchasing as low as $1000 of in-game coins. To operate a betting fund, you should set up your own node. The eSports betting game will run on the Litecoin network so you should install a Litecoin full node in addition to PolyCash.

You can get familiarized with the PolyCash betting platform by creating a web wallet on one of our hosted nodes like https://poly.cash and betting in some of our play money games. If you’re interested in creating your own betting hedge fund, please respond in this thread with any questions, or DM me.