Market Analyse
With the time moving closer to November 2022, the attention of the Soccer increasing with the date is closer the FIFA World Cup 2022. FIFA World Cup is know as the world of the larger soccer event, the attrativeness is even more than the Olympic game. This global event not only bringing a lot of money to the host country,soccer related supply-chain industry would also benefit on it including the online sport guessing market. Integrating of blockchain solution into business workflow also accelerating the market value of the sport guessing market. Up to now, the global sport guessing market has the total capital of close to 900 billion.
According to the analyse, the market value of the global sport guessing platform still in the upward trend. The current market value of this market is still far from reaching its limit. With the increasing of the popularity on the sport game, the online sport guessing market will be grow along with the sport game popularity. However, the analyses cannot estimate the maximum market value of the global sport guessing market, but we can see that the investment on the DeFi product having the significant growing rate. Over the year, the DeFi sport investment increase from 606 million on 2022 to 640 million on 1st quarter of 2021. The growing rate of the DeFi sport showing the confident of the investor to the sport market.
Although the rate of growing showing the confident of the investor and user toward the online sport guessing market but the fairness and transparency still an issue need to dissolve urgently. The centralise way of traditional sport guessing market allow platform having the superior power on result of every bet that play placed. If we leave this question unresolve, online sport guessing will always be the banker's platform. In view of this, it is crucial to integrate the guessing game into blockchain ecosystem.
The advantages of the decentralise sport guessing platform is fairness and transparent. For a decentralise product, all the information and transaction are public. User able to see all the ledger, balance of the fund pool and the bet result. Once the ledger is public onto the chain, it is no longer allow to change. This can be make sure the fairness of the game.
From the research, average user will spend around 300 USD daily on sport guessing game. However, the total earning rate of the banker is around 30%-40% of the total bet placed. In order to reach the 900k USD revenue for banker, we only need to have 10k of active user daily. Cryptocurrency network having 110 million of user, to reach 10k of user active user in De365, we only need to making the conversion rate of less than 1%.
Last updated