UBet Sports
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | <1m | 2.1m |
% growth | - | 115 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Seed | ||
* | $2.7m | Seed | |
Total Funding | $2.7m |
Related Content
Recent News about UBet Sports
EditUBET Sports is a decentralized sports betting platform that operates in the burgeoning market of online sports and esports gambling. The company's primary clientele consists of sports enthusiasts and online gamblers who are interested in betting on various sports leagues and esports tournaments.
The business model of UBET Sports is based on the use of blockchain technology, which provides a secure and transparent platform for users to place bets. Users need to purchase USDC (a type of stablecoin pegged to the US dollar) and MATIC (a cryptocurrency used for transaction fees on the Polygon network) to place their bets. The company generates revenue through the bets placed by users on the platform.
In addition to traditional betting, UBET Sports also offers a unique feature called the Bet Race Tournament. In this competition, users can climb the leaderboard by placing bets and stand a chance to win from a large prize pool. The top seven participants on the leaderboard have the opportunity to win $500 per month.
UBET Sports also offers a staking feature, where users can earn money by staking in the liquidity pool. This feature allows users to earn passive income while they sleep.
The company prides itself on its user-friendly interface, fast payouts, and excellent customer service. It also boasts a strong community of users who provide support and inspiration to each other.
Keywords: Decentralized Sports Betting, Blockchain Technology, Online Gambling, Sports Leagues, Esports Tournaments, Bet Race Tournament, USDC, MATIC, Staking, Liquidity Pool.