SX Bet, a pioneering blockchain-based sports betting platform, has taken a significant leap forward in its mission to revolutionize the industry. In a landmark move, the platform has eliminated commission fees, meaning both makers and takers pay 0% commission on all bets, including parlay bets.
‘While exploring different monetization routes, SX has taken the step to cut commission rates to zero for the time being,’ Andrew Young, Project Lead at SX, explained, highlighting the platform’s commitment to reducing vig in sports betting to zero while also drastically increasing fairness.
Remarkably, SX Bet goes beyond just eliminating fees; it rewards bettors weekly in its native governance token $SX for using the platform. This means the net commission paid on bets is actually negative; SX bettors are effectively being paid to bet.
In tandem with this groundbreaking change, SX Bet is also pioneering the industry as the first cross-chain gambling application, starting with an imminent launch on Arbitrum on March 19th. This expansion onto Arbitrum signifies SX Bet’s entry into capturing the vast, untapped crypto-native audience across multiple chains.
The Arbitrum launch is accompanied by a series of exciting incentives and promotions, including an Airdrop and a $69,420 betting tournament, all aimed at celebrating the milestone and encouraging widespread participation.
SX Network, the blockchain behind SX Bet, combines smart contracts with an on-chain treasury and prediction market protocol. It offers low-cost transactions and a PoS-based consensus, making it ideal for developers with EVM compatibility. SX Bet, the network’s flagship platform, is the largest blockchain betting platform in the world, having processed over $437,000,000 in betting volume.
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