GoWagr is a social wagering app that enables users to create and manage informal bets on various topics, including sports and personal opinions, using a secure in-app wallet for transactions. The platform addresses the need for a reliable and transparent way to wager with friends or others, ensuring that commitments are fulfilled and disputes can be resolved effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Informal wagering among friends lacks secure and transparent platforms, leading to unfulfilled commitments and disputes. Existing solutions often lack in-app wallet functionality for seamless transactions and reliable dispute resolution mechanisms.
Solution
GoWagr is a mobile application that provides a secure and transparent platform for creating and managing informal wagers on diverse topics, including sports, gaming, and personal opinions. The platform enables users to challenge friends or others, adding a stake to their arguments and ensuring commitments are fulfilled. GoWagr features an in-app wallet for deposits and withdrawals, facilitating seamless transactions in local currency or USDT. The app incorporates a dispute resolution process, requiring both parties to acknowledge or dispute the wager outcome, ensuring fairness and transparency.
Target Audience
GoWagr targets individuals who engage in informal wagering with friends or within communities, including sports fans, gamers, and those with strong opinions on various topics. The platform also caters to Fantasy Premier League managers seeking to monetize their skills.
Features
- In-app wallet for secure deposits and withdrawals in local currency (Naira) and USDT.
- Customizable wager creation with user-defined terms and stake amounts.
- WagrTag system for easy identification and invitation of friends.
- Wager marketplace for posting and discovering wagers from other users.
- Dispute resolution process requiring acknowledgment or dispute of wager outcomes by both parties.
- Referral rewards program for continuous cash rewards when referring friends.
- Partnership program for content creators, communities, and influencers to earn monthly income.
- WagrBoard leaderboard rewarding top users with cash prizes weekly.
- Fantasy Premier League (FPL) contests for weekly free and paid group competitions.