👋Welcome

A decentralized PVP betting platform based on the Ethereum Virtual Machine (EVM)

For a long time, one of the biggest criticisms of Web3 has been its perceived lack of practical applications. However, PVPBet is an experiment that challenges this notion by showcasing the potential of decentralized applications.

We invite you to join and participate in this decentralized application experiment.

🌈 Overview

PVPBet is a decentralized PVP betting platform built on the Ethereum Virtual Machine (EVM). Focused on short-term prediction markets, while also allowing players to create their own predictions and earn profits. Players can participate in betting simply by making a transfer. Once the result is confirmed, rewards are automatically distributed. Throughout the process, players do not need to connect wallets or register, ensuring a safer, simpler, and faster experience.

🐌 Traditional Offline Betting

When a group of people wants to place a bet on a prediction, they first need to find a Notary to ensure that, once the outcome is revealed, the losing party will fulfill their obligations.

However, in practice, it’s often difficult to find a suitable notary, or the notary lacks the enforcement power. If the losing party refuses to honor the bet, the agreement cannot be fulfilled, leading to an unresolved and unsatisfactory outcome.

🚀 PVPBet Decentralized Betting

PVPBet uses Smart Contracts to act as the Notary, where participants transfer their funds directly to the contract. Once the prediction result is announced, stakers of the platform’s governance tokens vote to determine the winner, and the contract automatically distributes the rewards, ensuring the bet is executed smoothly.

🤔 How is voting fairness ensured❓

The value of the platform’s governance tokens is closely tied to the platform’s credibility. To obtain voting rights, governance token holders must stake their tokens for the long term, meaning they cannot sell them freely. In this way, they become shareholders of the platform, aligning their interests with the platform’s success. If they vote unfairly, they harm their own interests. Thus, from a human nature perspective, it’s reasonable to trust that those who have staked their governance tokens will vote fairly.

🎯 Our Vision

Polymarket has shown that prediction markets are both vast in scale and rich with potential, with Web3 holding natural advantages in this field. Unlike Polymarket, which focuses on long-term predictions with trading on prediction curves, PVPBet centers on directly trading prediction outcomes, making it more suitable for short-term prediction markets. We believe that in the near future, PVPBet will emerge as a leader in the short-term prediction market.