Monday, 10 December 2018

Looking to the future: BookiePro outlines plans

BookiePro, touted as the world’s first decentralised sports betting exchange, has been turning heads in the gambling world.
Read an excerpt from an interview with Toby Lynas, Head of Operations at the Peerplays Blockchains Standards Association (PBSA), to find out what the blockchain-focused startup has in store, both short-term and long-term.

“The gritty reality is that many of the new products and operators we saw rolled out during the World Cup will not be around by the time the Euro 2020 rolls around. There is a danger that even those who enjoyed successful launches during the summer showpiece will blithely assume their model will automatically succeed in the tougher conditions of the customary calendar.

“Clearly, the test is for any operator to stand out from their rivals in a largely standardised marketplace for prices and promotions. Client acquisition and reactivation is one thing, but long-term retention is the ultimate goal. By its peer-to-peer model, BookiePro has these goals enshrined in its very architecture.

“The bitcoin model, of course, does pose challenges, particularly in terms of fees and speed, but new technical advances are already providing potential solutions. But the use of bitcoin as a betting currency does not rule out also using alternative blockchain technologies to deliver the gaming benefits of true decentralisation in which BookiePro will specialise. In fact, secure bitcoin betting can be offered via a fully decentralized betting operation built on top of a completely separate, non- bitcoin blockchain.

“As for the sports themselves, following the World Cup beta launch, BookiePro will be offering many more sports include European Football league and NFL. in good time for the renewal of the Premier League season this August. All major European football leagues will be covered too, alongside the NFL and MLB stateside. Obviously, though, this is just the beginning for BookiePro whose scalable offering will soon provide an all-encompassing sports portfolio.

“It’s also been so reassuring to hear from our beta testers that our user experience effortlessly avoids the sometimes clunky blockchain journey. However, at its core, this project is all about fairness. In an industry which can tread the ethical tightrope, BookiePro brings a game-changing auditable and transparent framework which can raise the bar for both player value and credible integrity.

“Even our rules are written into smart contracts which can only be amended by democratised voting, rather than the seemingly capricious whim of an operator. It’s a brave new world, and the blockchain will deliver it.”

Totally Gaming says: Anything blockchain-related immediately causes a stir amongst those in the sports betting industry. There’s the old-guard, who are reluctant to embrace it; while conversely there is a younger crowd intent on grabbing their piece of the pie. BookiePro is certainly an interesting addition to gambling, but time will tell whether or not it possesses any real staying power.


source: totallygaming.com
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