The betting industry currently lacks convenient and trustworthy services for players all around the world. A betting service based on settlements exclusively in cryptocurrencies looks very appropriate due to natural, cheap, and fast payments for deposit and withdrawal purposes. However, centralized betting companies that can integrate the option of using cryptocurrencies as an additional option for depositing and withdrawing money along with Fiat payments (bank transfer, credit cards or electronic money systems) do not look attractive in the framework of the concept of trustless service due to a number of obvious problems. First of all, they are connected with centralization and complete dependence on the management of the company for calculating interest payments and the withdrawal process.
Betmatch creates a blockchain solution for bookmakers that allows players to bet (against each other, as well as the betting service itself, which is a supplier of liquidity to the betting market within the system) using cryptocurrency, with a trustless system of client funds storage, betting calculation and execution of payments. The house also has a second layer, which is designed to self-organize a community of people interested in sports and bets on events (forecasters, influencers, athletes, analysts, information consumers and players) with a special motivation system.
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