SX Wager, the main sports-focused on-chain prediction market, unveiled the business’s first peer-to-peer parlays, a brand new $50,000 USDC “Potential Return” event, and a set of liquidity and execution upgrades that tighten spreads and lift fill charges throughout the venue.
The launch additionally introduces actual protocol income: within the first 4 days, SX purchased again over 380,000 SX tokens from platform charges, with 100% of these charges flowing to SX buybacks and the neighborhood fund.
“Parlays have all the time been a money cow for conventional sportsbooks,” mentioned Jake Hannah, co-founder of SX Wager. “We’ve taken that product and made it peer-to-peer and open supply, so costs are found by competitors moderately than decided by a home line. It’s a basic shift in how this business ought to work.”
First-ever Peer-to-Peer Parlays
SX Wager’s parlays rework a house-priced product into an open market. Bettors construct cross-event tickets, and API-connected market makers compete to cost the mixed end result, delivering higher odds and true worth discovery for bettors.
As soon as a guess is confirmed, stakes are held in sensible contract escrow and payouts settle on-chain after the ultimate leg. The design preserves custody, introduces worth discovery, and helps the high-upside bets bettors really search—with out post-hoc “evaluations” or clawback nervousness.
For market makers, this opens up a high-margin product traditionally restricted to sportsbooks. Mixed with free API entry, merchants can programmatically quote multi-event danger, win order movement on worth, and compete in a free and open market like by no means earlier than.
$50,000 USDC Event with a New Scoring Mannequin
To mark the launch, SX Wager is operating a $50,000 USDC event utilizing a brand new Potential Return format that rewards ambition, not simply outcomes. Every parlay positioned earns factors equal to its potential revenue on the accepted worth—so a +10,000 (101.00) parlay with a $100 stake generates 10,000 factors. The Prime 100 individuals share the prize pool, and shedding bets don’t deduct factors. The event is ready to kick off on October 9.
SX Token Buyback
SX has launched a 5% charge on successful parlay tickets and a 3% charge on cross-chain bets. Income generated can be used to purchase again SX tokens and so as to add to the neighborhood fund, aligning long-term community initiatives with product utilization.
Within the first 4 days alone, SX has already purchased over 380,000 SX tokens, demonstrating how actual product utilization instantly drives worth again to the community. All single bets stay 0% charge, and shedding parlays incur no charge.
Sooner Reside Execution, Tighter Spreads, and Decrease Minimums
SX has upgraded its stay engine to cut back failed bets; orders are actually matched in opposition to any obtainable liquidity at a person’s worth or higher, changing the previous exact-match requirement. A brand new slippage characteristic has additionally been added to extend fill charges for these seeking to prioritize depth. Tick measurement has been refined to 0.125, enabling finer quoting and tighter spreads.
The minimal guess measurement has been lowered to $1 USDC, making it simpler to check concepts and appeal to retail bettors.
About SX
SX Wager is the main sports-focused on-chain prediction market, providing customers a safe, clear, and scalable atmosphere for forecasting outcomes. Constructed on the SX Community blockchain, the platform has surpassed $780 million in prediction quantity, solidifying its place as the worldwide liquidity hub for sports activities prediction markets.
SX Wager isn’t obtainable in the US or different prohibited jurisdictions.
Disclaimer: The knowledge offered on this press launch isn’t a solicitation for funding, neither is it supposed as funding recommendation, monetary recommendation, or buying and selling recommendation. Investing entails danger, together with the potential lack of capital. It’s strongly beneficial you apply due diligence, together with session with knowledgeable monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities. Neither the media platform nor the writer shall be held liable for any fraudulent actions, misrepresentations, or monetary losses arising from the content material of this press launch.
