Blockchain Sports Betting App to Predict Outcome of World Cup Matches

A blockchain-based application that helps sports fans receive "Reliable and transparent" betting advice has launched its main platform - only a couple of days after the football World Cup kicked off in Russia.

BlitzPredict aims to provide innovative solutions to the issues that have plagued the betting industry in recent years by recording predictions on the outcome of sporting events on an immutable blockchain.

It is hoped that this technology will enable users to make informed decisions on which betting strategies to back, as it will become harder for experts to hide their record, lie about the prices they got, and delete their losses altogether.

Users can purchase World Cup betting advice using the platform's XBP token, which is ERC-20 compliant and built on the Ethereum network.

Times are changing in the US marketBlitzPredict says May's ruling by the US Supreme Court to legalize sports betting in certain US states was particularly welcome news for the company.

Illegal sports betting is estimated to be worth billions of dollars in America alone, and the company believes that legal betting platforms have a "Tremendous market opportunity" to entice these players into using their services.

BlitzPredict says this newly established demand will be accompanied by an appetite for high-quality content and tools which can enhance a person's odds of winning a bet - and it believes its blockchain-driven tools will help it to stand out from competitors.

BlitzPredict also intends to turn its attention to the flourishing eSports market by launching tournaments and offering a smart contract betting feature.

Better prices and faster payoutsBlitzPredict says it wants to ensure that bettors can quickly and consistently find the best prices for their bets - eliminating the time-consuming process of scouring different marketplaces which offer different odds for the same event.

The company says that its soccer model is going to predict the outcome of every World Cup match based on the vital statistics surrounding each team - adding that it has a "Ton of content" planned including regular articles and a weekly podcast to ensure football fans can keep up to date on the latest twists and turns in the tournament.