BetDEX Exchange
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Welcome to the BetDEX Exchange

What is the BetDEX Exchange?

The BetDEX Exchange is a decentralized sports betting exchange built on the Monaco Protocol and Solana.
A decentralized sports betting exchange is a peer-to-peer (P2P) marketplace that connects traders allowing them to trade their opinions on various outcomes in sports using cryptocurrency. In contrast to centralized exchanges (CEXs), decentralized exchanges (DEXs) are non-custodial meaning that users hold custody of their funds while using the platform.

Beta

The BetDEX Exchange has launched and is currently in beta. The product has been in open beta since October on Soalana devnet, however we need to test the BetDEX Exchange on mainnet to test load handling, responsiveness, platform stability, and more. Furthermore, additional features such as the ability to trade during matches, a my bets/my portfolio page, removing the need to contact support for certain requests are yet to be added and are coming soon.

How does the BetDEX Exchange work?

When a user submits an order on the BetDEX exchange they are interacting with a smart contract on the Monaco Protocol. These smart contracts are settled based on the outcome of something from the world of sports. They are self-executing lines of code that will match orders from users against equivalent opposing orders and will settle these trades when the outcome of the smart contract has been determined.

The Monaco Protocol

The Monaco Protocol is the underlying infrastructure powering the BetDEX exchange. It is a decentralized liquidity network for exchange-based applications and is built on the Solana blockchain. It is fully open source meaning other applications can be developed and benefit from the shared liquidity pool that the protocol provides.

Solana

​Solana is a decentralized blockchain built to enable scalable, user-friendly apps. The BetDEX Exchange has been built on the Solana blockchain network because of its speed, high transaction throughput and low transaction cost.
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Last modified 21d ago