DuelNow – a first-of-its-kind prediction market that eliminates the need for a traditional house by allowing bettors to set their own custom odds for crypto-based sports bets, has officially launched to the public. The marketplace offers users a decentralized, peer-to-peer betting experience that is easier, fairer, and more secure, with the added advantage of removing commissions and reducing fees.
Building on this foundation, DuelNow elevates the betting experience by operating on the battle-tested Ethereum Layer-2 blockchain Arbitrum. This technological backbone enables true P2P betting with complete transparency, lightning-fast speeds, and enhanced security. The platform improves protection with Web3 Authentication (W3A) on top of secure blockchain technology, allowing users to enjoy their betting experience fully.
At launch, DuelNow will feature betting opportunities across a range of major sports events, including Basketball (NBA/NACAA), Baseball (MLB), American Football (NFL/NCAA), MMA, and Soccer (EuroCup 2024/Premier League). Future updates promise more sports, expanding the platform’s appeal to a broader audience.
DuelNow will launch with payments and betting supporting $USDT, $ETH, $ARB, and $STMX, with further plans for additional payment options coming soon. Complementing these developments is the upcoming release of the DuelNow token, which will power the platform’s unique token economy. This new system will give users valuable bonuses as they engage in betting activities, enhancing the overall user experience.
The platform’s fully customizable bet creation feature is central to the prediction marketplace appeal, empowering users to craft bespoke predictions based on their interests and beliefs. This flexibility allows sports bettors to avoid relying on house-set odds and take control of their betting experience.
An example of this customization is the daily or weekly “Pick ’em Bets,” where users can predict winners based on spreads. These bets cater to different sports schedules: weekly pick’em challenges apply to NFL and NBA games, while daily pick’em challenges are tailored to leagues like MLB, reflecting their unique scheduling constraints.
For those interested in individual player performance, DuelNow also offers player prop bets with the ability to bet on specific outcomes, such as total rushing yards, completed passes by an NFL player, or total offensive rebounds by an NBA player. This variety ensures that there is something for every type of bettor.
Adding to its versatility, DuelNow allows users to choose from various odds formats, including American Moneyline, European Decimal, British Fractional, Malaysian, Hong Kong, and Indonesian. This feature ensures that users can join and view predictions in their preferred odds settings, further personalizing their experience.
DuelNow has plans to include ‘Custom bets’ towards the end of the year, and will present the opportunity to bet on global events outside of sport, for example, the winner of the 2024 USA Presidential Election.
DuelNow has generated considerable pre-launch buzz, with significant investments totalling $11m from GEM Group, Charlie Lee, the creator of Litecoin, Richard Ma, the founder & CEO of Quantstamp, and Billy Markus, the creator of Dogecoin, as well as projects such as Crypto Rand, Mooncat and more. With their support, DuelNow can achieve its mission of empowering bettors, giving them a voice, and taking control away from bookmakers. This is disruption at its finest.
“DuelNow is not just a platform; it’s a complete overhaul of how sports betting and prediction marketplaces work,” said Simon Yu, CEO of DuelNow. “We’re blending the excitement of sports with the innovation of blockchain technology to create an unparalleled user experience. Our goal is to empower users with a decentralized, transparent, and secure way to engage with sports predictions, transforming both the crypto and betting landscapes in the process.”
To stay updated on the token launch, follow DuelNows updates on Twitter.
About DuelNow
DuelNow is an innovative sports prediction marketplace powered by peer-to-peer wagers and prediction marketplace narratives to provide a bookie-free sports prediction experience. Create custom predictions, set odds, and compete directly with others, taking the house advantage entirely out of the game and disrupting the decentralized sports betting industry.
