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.
Funding
$11M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
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.
Target Audience
DuelNow targets sports enthusiasts and cryptocurrency users seeking a transparent, low-fee, and user-controlled sports betting experience.
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