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MetaPredict

Decentralized Pari-Mutuel Betting Platform

Name: MX

Date: 31.Aug 2024

Goal: CrossChain the Prediction Market

What is MetaPredict

Introduction

Crosschain Prediction Market

Powered by Wormhole

Technical Architecture


        +----------------------------+       +----------------------------+       +----------------------------+
        |                            |       |   Cross-Chain Messaging    |       |     Arbitrum Sepolia       |
        | - Prediction Market Smart  |<----->| - Listens to Events        |<----->| - Mirror Market Creation   |
        |   Contract (createMarket)  |       | - Relays Market Data       |       |   destination chain        |
        |                            |       | - Uses Wormhole            |       |                            |
        +----------------------------+       +----------------------------+       +----------------------------+
                         ^                                                                
                         |                                                                
                                                                                            
        +----------------------------+                                        
        |        User (Frontend)     |                                         
        |   Interacts with Market    |                                         
        |   on source chainX         |                                         
        |                            |                                         
        +----------------------------+                                         
        

Market Potential

Market Potential

  • Industry Size: Predicted $500 billion by 2028
  • Target Audience: Crypto, Sports bettors, eSports enthusiasts, and casual gamblers who seek transparency and fairness.
  • Competitive Advantage: Trustless environment, lower operational costs, global accessibility.

Revenue Model

Revenue Model

  • Fee Structure: Revenue generation through small fees on each transaction (e.g., a percentage of the total pool).
  • Additional Revenue Streams: Partnerships, sponsored markets, or premium features.
  • Growth Potential: User acquisition and retention strategies to drive platform growth.

Demo

Demo