LiveDuel Brings Web3 Sports Betting to Avalanche

Avalanche

The sports betting world is ripe for disruption, and LiveDuel is using Avalanche to up the ante in this fast-growing sector of entertainment. Centralized platforms are plagued by high fees, limited markets, and lack of transparency. LiveDuel will be leveraging an Avalanche Subnet to create a decentralized sports betting exchange built for the future.

Underscoring its potential to reshape a fast-rising industry, LiveDuel was recently recognized as the Best Startup at the ICE Sports Betting Conference in February, the world’s biggest sports betting conference.

How can LiveDuel use Avalanche to improve sports betting? By allowing the dApp to creatively implement blockchain features, enhancing sports betting in key ways:

Enhanced Transparency: Immutable transaction records provide a clear audit trail, eliminating concerns about manipulation and fraud.
Global Accessibility: Permissionless blockchains open doors to a global audience, unrestricted by geographical limitations.
Greater Efficiency: Smart contracts automate processes, reducing costs and streamlining operations.
Innovative Markets: Decentralization unlocks the potential for a wider variety of betting options, catering to diverse preferences.

Features Unlocked by Avalanche

Avalanche allows LiveDuel to build uniquely towards its vision. The network’s high throughput, scalability, and reliability lay a robust foundation for developing a user-friendly sports betting experience. Here's how LiveDuel leverages Avalanche's features:

Subnet Power: LiveDuel’s own custom Subnet will be tailored to the specific needs of sports betting, optimizing speed, security, and regulatory compliance.
Fast Settlement: Avalanche's near-instant transaction finality ensures quick and secure settlement of bets, eliminating waiting periods and frustrations.
Customizable Markets: LiveDuel can create an expansive range of betting markets, from traditional wagers to more niche propositions, leveraging the flexibility of Avalanche's smart contracts.
Community Governance: LiveDuel's tokenized structure empowers its community through on-chain governance, allowing users to help shape the platform's future.

How Web3 Improves the Sports Betting Experience

LiveDuel prioritizes user experience, improving it by integrating Web3 properties. For instance, LiveDuel adopts automated Market Makers (AMMs) and liquidity pools, bringing Decentralized Finance (DeFi) to sports betting. This approach offers several advantages:

Effortless Betting: The AMM integration simplifies the betting process for users, eliminating the need to find a counterparty for their wagers.
Enhanced Liquidity: Liquidity pools ensure users can almost always place bets, even on less popular markets.
Rewarding Participation: Stakers who contribute liquidity to the pools earn rewards, creating a win-win scenario for both bettors and the platform.

The Future of Sports Betting is Live

LiveDuel harnesses the power of Avalanche, aiming to offer a decentralized, transparent, and user-centric platform for the Avalanche community and beyond. More details to come as the dApp gets closer to release.

The games begin with soccer. Users will vote to expand the platform to other sports. Sign up to join the waitlist at LiveDuel.com

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About LiveDuel

Decentralized sports betting built on blockchain to provide a fairer and more transparent experience than traditional sports betting sites.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

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