Kutt is a peer‑to‑peer betting app that lets users create and accept wagers on sports, politics, entertainment, finance and user‑generated events. It uses a custom odds builder and pre‑funded escrow to eliminate bookmaker margins and guarantee payouts, while a social layer with friend lists, leaderboards and challenges adds competitive engagement.
Funding
$1.5M 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.
LCFounders
Product
Problem
Traditional sportsbooks charge high vig, offer fixed odds, and lack a social component, making it difficult for friends or community members to wager against each other on a wide range of events with transparent, guaranteed payouts.
Solution
Kutt provides a peer‑to‑peer (P2P) betting platform that lets users create and accept wagers on sports, politics, entertainment, finance and other events directly with friends or other participants. The app enables users to set their own odds, eliminating the bookmaker’s margin and reducing fees. All bets are pre‑funded into an escrow pool, ensuring that winnings are paid out automatically and securely. By integrating social feeds, leaderboards and community challenges, Kutt turns betting into a competitive, interactive experience while maintaining regulatory compliance and data privacy.
Target Audience
The primary users are sports enthusiasts, pop‑culture fans, and politically engaged individuals who want to bet socially with friends or like‑minded community members, as well as casual bettors seeking lower fees and guaranteed payouts.
Features
- Peer‑to‑peer matching engine that connects bettors in real time without a traditional bookmaker intermediary
- Custom odds builder allowing users to define stake, payout ratio and terms for each wager
- Pre‑funded escrow system that guarantees payout and prevents default on bets
- Multi‑category market support covering sports, political elections, pop‑culture events, financial outcomes and user‑generated markets
- Mobile‑first iOS application with integrated deposit/withdrawal options and secure payment processing
- Social layer featuring friend lists, activity feeds, leaderboards and community challenges to drive engagement
- Low‑fee, no‑vig pricing model that reduces the cost of betting compared to conventional sportsbooks