The rising popularity of decentralized betting has opened up new opportunities for users seeking alternatives to traditional sportsbooks. In this article I’ll be going over the Top SX Bet Competitors for Peer-to-Peer Web3 Odds, looking at platforms like BetDEX, PRED, Polymarket, Aver Exchange and other emerging alternatives. I will compare their betting models, supported sports, odds structures, blockchain networks, cryptocurrency options, liquidity and key features to help readers understand which platforms fit best with their betting preferences.

Benefits of Using Peer-to-Peer Web3 Betting Platforms

Peer-to-peer betting: With Web3 betting, users can place bets against one another directly, providing alternative betting opportunities without relying entirely on traditional bookie-controlled odds.

Transparent Blockchain Transactions: Blockchain technology records the transactions of betting on distributed networks which helps users verify the transaction activity, settlement records and payment movements through publicly accessible on-chain data.

Competitive Odds & Pricing: Users can view odds determined by market demand, available liquidity, and participant bids. They may be able to offer more competitive pricing than traditional sports betting platforms.

Cryptocurrency-Based Payments: Web3 betting platforms support cryptocurrency transactions. Eligible users can deposit, wager, and receive payouts using supported digital currencies and stablecoins.

Smart Contract Automation: Smart contract automation can automate bet execution, payment distribution, and settlement based on predefined conditions, reducing reliance on manual processing and enhancing operational transparency.

Flexible Market Participation: Users can explore various sports, competitions, and event-based prediction markets, offering greater flexibility in choosing wagering opportunities across supported categories.

Non-Custodial Wallet Control: Some decentralized betting platforms enable users to connect compatible wallets and maintain greater control over their digital possessions without needing traditional sportsbook accounts.

Global Reach: Blockchain-based betting apps can reach users from various geographical locations. However, actual participation depends on platform availability, local gambling regulations, and any geographic restrictions that apply.

How to Choose the Best SX Bet Alternative

Evaluate Betting Models: Choose a platform that provides the preferred betting structure, whether it’s peer-to-peer betting, order-book trading, or liquidity-pool markets, to fit your betting requirements.

Examine Supported Sports: Check the sports, leagues, tournaments, and betting markets offered by the platform to ensure it has enough options for your favorite competitions and betting preferences.

Evaluate Odds Competitiveness: Look at the odds offered, the number of markets, the pricing strategy, and potential payouts, to find sites that offer competitive betting options for various sports markets.

Check Liquidity and Market Depth: Opt for platforms with enough liquidity, active participants, and reliable order execution, to avoid difficulties when opening, matching, or closing betting positions.

Look at Blockchain Compatibility: Check supported blockchain networks, transaction speeds, wallet compatibility, and network fees to ensure convenient cryptocurrency transactions and smooth betting operations.

Compare Fees and Payments: Compare deposit fees, withdrawal fees, trading fees, network gas fees and the supported cryptocurrencies to get a sense of the overall cost of using each platform.

Prioritize Security and Transparency: Research smart-contract audits, wallet security, transactions visibility, settlement mechanisms and dispute-resolution procedures before you trust a platform with your digital currencies.

Legality and Availability: Make sure the platform is available in your region, whether it is licensed and which gambling laws apply. Also, examine account requirements and withdrawal restrictions to ensure you can access the platform legally and in a practical way.

Top SX Bet Competitors for Peer-to-Peer Web3 Odds

Platform	Key Point	Rating
BetDEX	Solana-based peer-to-peer sports betting exchange supporting back-and-lay bets, real-time odds trading, and non-custodial transactions.	4.8/5
PRED	Sports-focused exchange where users trade positions through an order book, with market-driven pricing and on-chain settlement on Base.	4.8/5
Polymarket	Decentralized prediction marketplace where users trade event outcomes, including sports, politics, cryptocurrency, and other real-world events.	4.7/5
Aver Exchange	On-chain sports prediction exchange built on Solana, focusing on non-custodial wagering, peer-to-peer markets, and USDC transactions.	4.6/5
Overtime	Web3 sports betting platform offering smart-contract-based markets, decentralized liquidity, and sports prediction opportunities across multiple blockchain networks.	4.5/5
Azuro	Decentralized betting infrastructure that enables applications to offer sports markets, shared liquidity, and blockchain-based betting settlements.	4.5/5
DuelNow	Sports prediction platform focused on user-created odds and direct wagering opportunities between participants rather than traditional bookmaker pricing.	4.4/5
Hedgehog Markets	Solana-based prediction marketplace where participants can create or join markets covering sports, cryptocurrency, technology, and other events.	4.3/5
Myriad Markets	Multichain prediction marketplace supporting event-based markets across sports, cryptocurrency, politics, economics, and entertainment.	4.2/5
Predict.fun	On-chain prediction market built on BNB Chain, offering sports, cryptocurrency, politics, and other event-based prediction opportunities.	4.1/5

1. BetDEX

BetDEX is a decentralized Sports betting exchange on Solana built on Monaco Protocol Users trade peer to peer, as opposed to betting against a bookmaker. Odds are determined by supply and demand, matched through an order-book system. Its primary focus is on the major sports markets where it provides competitive odds and live trading.

The platform is non custodial, which means users connect their own Solana wallets, remain in control of their funds and receive settlements directly after events have settled. BetDEX takes around 3% of net winnings, divided between BetDEX and the Monaco Protocol. There are no premium charges or account restrictions. Low transaction costs (often less than $0.01) on Solana make trading cheap. It has intelligent contracts and result oracles for automated settlement.

Key Features

1. Sports Prediction Markets: Enables users to trade on sports-related outcomes, such as match results and sporting events.
2. Decentralized Exchange: Employs blockchain technology to facilitate peer-to-peer sports betting and market trading.
3. Non-Custodial Trading: Allows for a model where users have more control over their funds.
4. Competitive Odds: Offers market-based pricing to enable users to compare potential outcomes and trading opportunities.

Benefits

• Decentralized Sport Betting Exchange Model.
• Peer-to-peer betting options.- Integration of Solana blockchain.
• Accepts crypto gambling.
• Market trading and exchange style odds

Cons

• Sports betting is the biggest thing in coverage of prediction-markets.
  Markets have different levels of liquidity.
• Blockchain transactions must be network-compatible.
• Availability is subject to regional restrictions.

2. PRED.

PRED is a peer-to-peer sports prediction exchange on Base, an Ethereum Layer-2 network. Users buy and sell binary Yes/No outcome contracts in the range of $0 to $1. Winning contracts redeem for $1 USDC and losing contracts expire worthless. It uses an exchange betting model, not a bookmaker model, with traders providing liquidity via limit orders and prices reflecting real-time market probability.

PRED covers football, basketball, American football, motorsport and other major sports including moneyline, spreads, totals and outright markets. It trades and settles in USDC and provides wallet-based access with email or social-login onboarding via Privy. Takers pay a variable fee of 2.5% * price * (1-price) and makers pay no fee. Base’s low gas costs and ~200ms finality enable fast trading.

PRED.

Prediction Markets: Allows users to join markets where they can bet on real-world events and future outcomes.
2. Crypto Integration: Links participation in prediction markets with cryptocurrency transactions.
3. Event-Based Trading: Enables users to take positions on different outcomes instead of only relying on traditional betting formats.
4. Market Opportunities: Enables users to speculate about what is coming and to express those predictions in a variety of ways.

Benefits

• Trading sports peer-to-peer.
• Shared order-books based trading model.
• Odds and pricing from the market.
• Built on base blockchain.- USDC settlement support.

Drawbacks

• Oriented to sports predictions.
• Liquidity depends on active traders.
• Limited appeal to users not interested in sports prediction.
• Order execution is subject to availability of counterparties.

3. Polymarket

Polymarket is a general-purpose prediction market. Users trade shares on outcomes of events instead of making traditional sportsbook bets. It has a peer to peer CLOB where participants can buy and sell Yes/No positions. Prices reflect implied probabilities. Winning shares pay $1, losing shares are worth nothing. It includes politics, economics, crypto, finance, culture, weather and some sports-related markets, but is broader than a sportsbook.

Polymarket is built on Polygon and uses pUSD/USDC-style collateral, with every Yes/No pair fully backed by $1. Existing Safe and Proxy wallets are still supported, and smart wallets allow trading without needing to manually approve each transaction. Sports takers pay a fee of 0.05%. Makers pay 0%. Eligible makers receive a 15% rebate.

Key Features

1. Wide-ranging Market Categories: Politics, sports, crypto, economy, entertainment, and world events.
2. USDC-based trading: Trade and settle positions in USDC on supported markets.
3. Live Market Pricing: Shows probabilities that fluctuate with user buying and selling.
4. Blockchain Settlement: Employs blockchain infrastructure to facilitate transparent transactions and market settlement.

Advantages

• A lot of prediction markets to pick from.
• Coverage of sports and non-sports events.
• Pricing according to market conditions.
• Blockchain transactions based on USDC.- Users can trade positions ahead of resolution.

Disadvantages

• Not limited to sports betting.
• Market events have different liquidity.
• Disputes over resolution can delay settlements.
• Geographic barriers to access.

4. Aver Exchange

Aver is a decentralized betting and prediction exchange on Solana, aiming to combine on-chain settlement with a Web2-like trading experience. It uses a full on-chain order book to place, match, resolve, and settle bets, enabling peer-to-peer trading without a centralized house. Aver supports sports, political and other event markets, with users able to trade outcome contracts and manage positions before resolution.

Non-custodial: Players use funded Solana wallets, store unused capital in their own wallets and receive payouts directly on settlement. Fees are charged only on winnings and are usually 0.5% to 2% of trader profit. The model is friendly to winning traders. Transactions are underpinned by Solana’s low-cost, high-speed infrastructure with matching, resolution and payouts handled by protocol-level smart contracts.

Key Features

1. Sports Prediction Markets. Refers to the trading of markets based on sports events and their results.
2. Peer-to-Peer Trading – Enables participants to exchange positions with other market participants.
3. Positions on Outcomes: pro having positions on the various possible outcomes of sports events.
4. Decentralized Infrastructure: Blockchain based technology to support market operations and settlement.

Advantages

• Designed for peer-to-peer betting.
• Integration in the Solana ecosystem.
• Sports-oriented wagering feature.- Possibility of finding exchange-like odds.
• Transparency of blockchain transactions.

Cons

• Market depth may differ.
• Smaller ecosystem than the existing prediction markets.
• Few sports coverage.
• Users must have compatible access to the blockchain.

5. Overtake

Overtake is a fully on-chain sportsbook and prediction protocol that uses an automated market maker instead of a traditional order book. Users bet against liquidity pools with odds algorithmically generated from Chainlink and approved data feeds. Markets include moneylines, spreads, totals, parlays, same game parlays, futures, player props and live betting. It also offers Speed Markets, which are short-term UP/DOWN positions on ETH and BTC prices.

Overtake operates on Ethereum Layer-2 networks like Optimism, Arbitrum and Base. Intelligent contracts handle collateral, pricing and automatic settlement. It’s non-custodial and requires a crypto wallet, although social-login account abstraction can help with onboarding. Supported assets: USDC, USDT, DAI, ETH, WETH, ARB, OP, OVER. Users pay the network gas, the protocol takes a ~2% AMM fee and $OVER fees go to buyback-and-burn mechanics.

Overtime

1. Sports Based Markets: Offers prediction markets that are focused on professional sports and sporting competitions.
2. Multiple Bet Types: It includes various match results and market selections related to sports.
3. Blockchain Integration: Leverages blockchain technology for crypto-based participation and transactions.
4. Trading Experience: Offers a digital interface to navigate the sports markets and assess the predictions available.

Advantages

• Sports betting features on blockchain.
• Supports crypto-native wagering
• Automated bet settlement using intelligent contracts.
• Sports markets with various betting options.
• Decentralized betting infrastructure.

Cons

• Uses pooled liquidity instead of a pure peer to peer exchange.
• Liquidity exposure is affected by pool conditions.
• Market selection focused on sports.
• Blockchain transaction costs could impact smaller bets.

6. Azuro

Azuro is not a betting site, it is a permissionless protocol that offers intelligent contracts, liquidity infrastructure, odds and oracle tooling for third-party prediction and sports-betting applications. It uses a peer-to-pool model, with liquidity providers depositing into shared pools and bettors placing bets through connected front ends. Pooled liquidity backs markets, rather than requiring a separate book for each event.

It supports sports and political markets such as live betting and non-binary outcomes with its LiveCore and relayer architecture. Azuro is EVM-compatible and has been deployed across networks such as Gnosis Chain, Polygon, Base, and others.

Users are using their own EVM wallets such as MetaMask, and placing their bets directly through smart contract platforms, with the funds often remaining under the user’s control until a bet is placed. Azuro provides infrastructure, not a fixed consumer interface, so fees, gas sponsorship and settlement mechanics depend on the integrating application.

Key Features

1. Shared Liquidity Pools: Connects multiple betting applications through a shared liquidity backbone.
2. AMM-Based Markets: Relies on automated market-making technology and does not exclusively utilize traditional order books.
3. Live Sports Odds: Provides odds that are updated in real time for sporting events, including in-play markets.
4. Developer Infrastructure: Intelligent contracts, SDKs and tools to build decentralized prediction apps.

Pros

• Shared liquidity infrastructure between integrated apps.
• Prefers decentralized sports betting markets.
• Gaming operations on the basis of intelligent contracts.
• Compatibility with multi-chain ecosystem.Third-party developer infrastructure.

Cons:

• Integrated apps affect user satisfaction.
• Not a stand alone consumer betting platform.
• Embedded betting costs in odds.
• The outcome resolution depends on the data providers designated.

7. DuelNow

DuelNow is a peer-to-peer sports prediction marketplace where users are able to create and take custom bets, removing the traditional bookmaker. Bettors can set their own odds, stake sizes and market terms, with counterparties taking the other side, giving it particular flexibility for customized wagers and player-prop markets. It also covers popular sports such as NBA and NCAA basketball, MLB, NFL and NCAA football, MMA and soccer. And it features different odds formats such as American, decimal and fractional.

DuelNow is built on Arbitrum, an Ethereum Layer-2 network, selected for its quicker transactions, lower fees and transparent on-chain settlement. It will launch with payment options including USDT, ETH, ARB and STMX, and more are on the way. This platform is based on Web3 authentication and blockchain settlement, which is designed to lower commissions and allow for a more secure, decentralized betting experience.

Key Features

1. Sports Predictions: This type of participation is based on prediction of sporting events and competitions.
2. Peer-to-Peer Format: It emphasizes user involvement instead of relying solely on traditional bookmaker frameworks.
3. Competitive Challenges: Enables users to challenge each other with sports predictions.
4. Digital Platform: Provides an online location to find predictions and manage your participation.

Advantages

• Highlights SportsPrediction experiences.
• Supports user-to-user wagering concepts.
• It offers an alternative to the traditional sportsbook model.
• Attracts competitive sports bettors.
• Peer-to-peer betting offers various betting options.

Cons

• Liquidity in the market may be uneven.
• The functions of the platform must be checked individually.
• Coverage of sports may vary.
• Access can be limited regionally.

8. Hedgehog Market’s

Hedgehog Markets is a prediction-market platform on Solana that enables users to trade in traditional outcomes as well as unique “no-loss” prediction pools. In the Versus peer-to-peer format, one user creates a Yes/No bet at a specified size and odds, and the other user takes the opposite side. Funds are kept in on-chain escrow until the bet is settled. It also features AMM-based share markets and parimutuel pools where winners split the deposits of the losing side.

Markets on sports, crypto, politics, tech and other verifiable events. Hedgehog uses Solana wallets and USDC-based collateral. You’ll need SOL for network fees and account rent. Standard markets have historically charged around 2% while no-loss pools charge 0%. Solana network fees are usually below $0.01. Smart agreements hold escrowed funds and manage settlement, with oracle verified outcomes determining winning positions.

Key Features

1. Prediction Markets: Users are able to create and engage in markets for cryptocurrency, politics, technology, and other events.
2. Peer-to-Peer Betting: Users can propose their own odds and allow others to bet the opposite position.
3. Automated Market Making: Allows for AMM-based markets, where users can buy and sell shares of YES or NO.
4. On-Chain Transactions: utilizes blockchain infrastructure to record transactions and offer transparent market settlement.

Advantages

• Prediction functionality with a sports focus.
• Provides an alternative way to be in the sports market.
• Might appeal to strategy-minded bettors.
• Offers chances to look into event-based roles.
• Adds diversity to Web3 sports prediction offerings.

Cons

• Confirm product functionality is exactly as specified.
• Don’t assume market liquidity.
• Limited coverage of sports markets.
• Not necessarily a replacement for direct peer-to-peer exchange.

9. Myriad Markets

Myriad Markets is a decentralized, web-native prediction market protocol that seeks to put markets directly into news articles, social feeds, and video content. Users buy and sell shares in the outcomes, which are priced between $ 0 and $ 1 ( winners pay $ 1, losers pay $ 0 ). Markets include crypto, politics, sports, entertainment, finance and cultural events . Its trading model combines AMM liquidity with a central limit order book, offering real-time price discovery, limit orders, slippage controls, and dynamic fees.

Myriad has been active on Abstract, Linea and BNB Chain, with later seasons focusing on BNB Chain and USD1 settlement. It supports non-custodial wallets, including a Myriad Wallet with MoonPay onboarding, and accepts stablecoin deposits and fiat on-ramps. Market fees on buys are between 0% and 2% and a small app gas fee of about $0.0085 per transaction.

Key Features

1. Multi-Category Predictions: Covers cryptocurrency, politics, finance, sports, entertainment and other real world events.
2. Non-Custodial Trading: Wallet-based trading lets users retain custody of their funds.
3. Multiple Trading Models: Supports CLOB & AMM markets.
4. Developer Integrations: Allows developers to incorporate prediction markets into applications, and enables the automation of trading via bots and AI agents.

Pros:

• Supports different types of prediction markets.
• Enables participation in the market on an event-driven basis.
• Combines predictive experiences with content delivery.
• Provides market infrastructure on blockchain.
• Supports markets other than traditional sports betting.

Cons

• Liquidity is different in each market.
• Not just sports betting.
• Spreads can be wider in smaller markets.
• Multiple blockchain integrations can make the experience more complicated.

10. Predict. fun

Predict.fun is a prediction market built on BNB Chain where users can trade Yes/No and multi-outcome contracts on sports, politics, crypto, culture and current events. It is a hybrid model, with an off-chain CLOB matching orders for speed, and on-chain intelligent contracts executing trades, managing ERC-1155 outcome tokens and settling markets. Unique feature is yield-bearing collateral.

Open-position funds can be routed through Venus Protocol, which allows users to earn lending yield while waiting for resolution. Predict predicts deposits of USDT and USDC, smart wallets using email, Google or X login and gasless trading with sponsored transactions.

Makers pay no fee and can receive rebates while takers pay a variable fee that decreases with the increase of the share price. There is no platform fee for deposits and withdrawals but cross-chain deposits may have about 0.1% slippage. UMA’s Optimistic Oracle validates outcomes.

Key Features

1. YES/NO Trading: Users can buy and sell shares on the future probability of events.
2. BNB Chain Integration: Leverages BNB Chain for blockchain prediction market transactions.
3. Types of markets: Politics, cryptocurrency, sports and other real life prediction markets.
4. Rewards and Points: Provides a point-based reward system via qualifying trading activities.

Pros:

• Prediction market functionality based on Blockchain.
• Allows you to bet on event-outcome.
• Integration into BNB Chain ecosystem
• Provides an alternative to traditional betting sites.
• Incorporates non-sport prediction chances.

Cons:

• Not a real sports betting exchange.
• Liquidity in the market is based on participation.
• Structure of prediction markets is different from traditional back and lay betting.
• Blockchain and wallet requirements may introduce friction in onboarding.

Conclusion

The best SX Bet competitors provide different takes on peer-to-peer Web3 betting, decentralized odds, and prediction markets. BetDEX, PRED and Aver Exchange focus more on sports betting exchanges, while Polymarket, Azuro, Overtime and Myriad Markets offer different prediction-market or decentralized betting models.

Make sure you compare the sports they cover, how competitive the odds are, the liquidity, the blockchain networks, the cryptocurrencies they accept, the transaction fees and the security features before you decide upon an alternative.

Ultimately, the right platform depends on individual betting preferences, regional availability and legal requirements. Always be aware of the platform’s transparency and the risks before you engage in cryptocurrency-based wagering.

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