DuelNow

About DuelNow

DuelNow operates a peer-to-peer sports prediction platform built on the Base blockchain. Users challenge each other directly with their sports picks, eliminating the traditional house edge found in conventional sportsbooks. This platform facilitates real-stakes wagering directly between participants based on their predictions.

```xml <problem> Traditional sports betting platforms often involve bookmakers, leading to opaque odds, high fees, and limited user control over the betting process. This can result in unfavorable conditions for bettors and a lack of transparency in how odds are determined. </problem> <solution> DuelNow is a decentralized sports betting platform that eliminates the need for bookmakers, allowing users to create and join crypto-based bets with self-determined odds. This approach fosters a transparent and low-fee betting environment where individuals have greater control over their betting experience. Users can create custom bets on various sports, including NBA, MLB, and MMA, and choose to make them public or private. The platform also supports users new to crypto by offering wallet creation services. </solution> <features> - Creation of custom crypto-based bets with user-defined odds - Support for multiple sports, including NBA, MLB, and MMA, with plans to integrate soccer, American football, and Formula 1 - Transparent fee structure with fees as low as $0.25 - Option to make bets public or private - Wallet creation for users new to cryptocurrency - Partial bets, allowing multiple players to match larger 1v1 bets - Upstake feature to increase stake amount after joining a group bet - Roadmap includes custom bets, live chat, public profiles, in-app notifications, and DuelNow Quests </features> <target_audience> DuelNow targets sports enthusiasts and cryptocurrency users seeking a transparent, low-fee, and user-controlled sports betting experience. </target_audience> ```

What does DuelNow do?

DuelNow operates a peer-to-peer sports prediction platform built on the Base blockchain. Users challenge each other directly with their sports picks, eliminating the traditional house edge found in conventional sportsbooks. This platform facilitates real-stakes wagering directly between participants based on their predictions.

Where is DuelNow located?

DuelNow is based in East New York, United States.

When was DuelNow founded?

DuelNow was founded in 2024.

How much funding has DuelNow raised?

DuelNow has raised $11.0M.

Who founded DuelNow?

DuelNow was founded by Simon Yu.

  • Simon Yu - Co-Founder/CEO
Location
East New York, United States
Founded
2024
Funding
$11.0M
Employees
7 employees
Major Investors
GEM Digital

DuelNow

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

DuelNow operates a peer-to-peer sports prediction platform built on the Base blockchain. Users challenge each other directly with their sports picks, eliminating the traditional house edge found in conventional sportsbooks. This platform facilitates real-stakes wagering directly between participants based on their predictions.

duelnow.com700+
Founded 2024 – East New York, United States

Funding

No specific funding rounds found.

Total Funding

$11.0M

Backed by

GEM Digital

Team (5+)

Simon Yu

Co-Founder/CEO

Company Description

Problem

Traditional sports betting platforms often involve bookmakers, leading to opaque odds, high fees, and limited user control over the betting process. This can result in unfavorable conditions for bettors and a lack of transparency in how odds are determined.

Solution

DuelNow is a decentralized sports betting platform that eliminates the need for bookmakers, allowing users to create and join crypto-based bets with self-determined odds. This approach fosters a transparent and low-fee betting environment where individuals have greater control over their betting experience. Users can create custom bets on various sports, including NBA, MLB, and MMA, and choose to make them public or private. The platform also supports users new to crypto by offering wallet creation services.

Features

Creation of custom crypto-based bets with user-defined odds

Support for multiple sports, including NBA, MLB, and MMA, with plans to integrate soccer, American football, and Formula 1

Transparent fee structure with fees as low as $0.25

Option to make bets public or private

Wallet creation for users new to cryptocurrency

Partial bets, allowing multiple players to match larger 1v1 bets

Upstake feature to increase stake amount after joining a group bet

Roadmap includes custom bets, live chat, public profiles, in-app notifications, and DuelNow Quests

Target Audience

DuelNow targets sports enthusiasts and cryptocurrency users seeking a transparent, low-fee, and user-controlled sports betting experience.

Sources:

1
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DuelNow - Funding: $11.0M | StartupSeeker