20 June 2019, (Debert, Nova Scotia, Canada) – The Peerplays Blockchain Standards Association (PBSA) today announces the availability of BookiePro, the world’s first provably fair sports betting exchange, on the Peerplays blockchain mainnet. This is the first of multiple DApps (decentralized applications) in development at PBSA that are expected to launch this year.
The sports betting exchange, a peer-to-peer model with back and lay functionality, has long been dominated by a handful of centralized entities. BookiePro differs by launching as a play-for-fun exchange, meant to educate users who are more familiar with the traditional sportsbook model where users bet against “the house.” Designed from the ground up to utilize the open public decentralized Peerplays blockchain, BookiePro effectively cuts out the “middleman” and provides a superior user experience with lower costs, higher security, and a fast and responsive interface.
Wagering will take place with the platform-specific token BitFun, which holds no intrinsic value outside of BookiePro.
“Our research showed the market was ready for a new paradigm of security, transparency, and fairness in how people are entertained through sports betting” said Jonathan Baha’i, President of PBSA.
“High fees, poor security, and a frustrating user experience in the hands of a largely centralized industry have been major pain points of betting exchange users for years. Our team at PBSA built this first iteration of the BookiePro functions and protocols, but it’s now completely in the decentralized hands of the Peerplays community.”
“Going forward, PBSA will turn its focus to the development of other DApps for the Peerplays ecosystem, with a dual focus on video games and blockchain interoperability.”
PBSA opted for the play-for-fun/educational model for BookiePro,