BetU will be a peer to peer sports, esports & crypto betting platform. Secured by smart contracts and powered by the BETU Token.
BetU aims to become a leader in the global sports betting market worth $391 Billion USD. With the goal of taking significant market share from global bookmakers such as Bet365, William Hill, Ladbrokes, DraftKings and FanDuel.
The BetU Platform will enable people to become their own bookmaker and bet against their peers.
Bet Makers can list bets with odds of their choice and Bet Takers can accept the best bets available in the marketplace. Individual bet details will be uploaded to a blockchain and funds will be secured by smart contracts until a winner is determined.
To ensure liquidity in all betting markets, BetU will provide bookmaking services with competitive odds. A percentage of any profits being returned to token holders in the form of token burning.
The BetU platform will be available on web, tablet and mobile.
The BETU utility token will be the sole form of currency to be used within the platform. Like casino chips must be used to play the tables at a casino, fiat and other cryptocurrency will need to be converted to BETU tokens in order to place bets on the platform.
The token will be used for betting, winnings, betting rewards and incentives, honesty reserves, staking, burning, whale holder benefits and governance of the platform.
BetU has recruited an experienced team with a proven record of building successful businesses from the ground up. With complementary experience in leading betting companies, online marketplaces, finance, marketing, technology development and blockchain.
The team is well positioned to build a market leading product, fast. Initial gaming licenses and release of Version 1 of the BetU platform is planned by 23 October 2021. BetU will adhere to all required KYC, AML and gaming license requirements internationally.
- $4,300,000,000 USD wagered on Super Bowl LV
- $23,500,000.000 USD wagered on esports in 2020
- $169,800,000,000 USD wagered on sports online in 2020
- $391,000,000,000 USD wagered on sports in 2020
- $711,400,000,000 USD global gambling market in 2020
- Europe accounts for 45.9% of the total online sports betting market, North America 25.5% and Asia 20.5%
- 26% of the planet’s population (1.6 billion people) gamble each year