Simbull operates a blockchain-based platform that allows users to trade virtual stocks in sports teams, with prices determined by supply and demand. Users earn cash dividends for each game their teams win, providing a new way to engage with sports fandom while potentially profiting from their investments.
Funding
$120K 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.
GFounders
Product
Problem
Traditional sports betting often involves short-term wagers with limited potential for long-term gains, while direct investment in sports teams is typically inaccessible to the average fan. This leaves a gap for fans seeking a more engaging and potentially profitable way to leverage their sports knowledge.
Solution
SimBull operates a virtual sports stock market where users can buy and sell shares of professional and college sports teams. Unlike traditional sports betting, users invest in teams with prices fluctuating based on supply and demand, mirroring a real stock market. SimBull offers a unique feature where users earn cash dividends each time their teams win, providing ongoing returns on their investments. This platform allows sports enthusiasts to profit from their knowledge and fandom through a dynamic, market-driven environment.
Target Audience
The primary audience is sports fans who are interested in a more engaging and potentially profitable way to invest in their favorite teams beyond traditional sports betting.
Features
- Virtual stock market for NFL, College Football, NBA, MLB, and NHL teams
- Team share prices determined by supply and demand
- Cash dividends paid out for each team win ($0.50/win for NFL & CFB, $0.10/win for NBA & NHL, $0.05/win for MLB per share)
- Mobile app available for iOS
- Open market system where users trade against each other, not against SimBull