EtherSport: Blockchain Sports Prediction Platform

EtherSport improves the service in the prediction of the results in the sports business field by introducing new technologies, that namely are: blockchain, smart contracts and cryptocurrencies.

Type of content: Assets

Type of asset:

Portal

Big data potential

Yes

Policy domains: Education, Youth, Culture & Sport

Phase in the policy cycle:

Policy Implementation

TRL

Implementation/customisation cost

Low

Open license availability

Yes

Ease of use

High

Website

https://ethersport.io/

Tags: Predictive analytics Citizen-centered policy making

Serves:

Involvement of the public and citizens, as well as the development of citizen-centred policy making

Addresses:

SWOT Analysis for EtherSport: Blockchain Sports Prediction Platform
	Helpful	Harmful
Internal	Strengths• Provides a completely new betting experience for players all over the globe. • Easy registration that requires a minimum of personal information. • No third-party system will hold the user data. • No limitations on bet and reward amounts. • Fast and cheap withdrawals in cryptocurrency. • No hidden fees and manipulations. • Transparent results and payout system. • Every 4 hours a new lottery ticket comes out. • It contains the most popular sport events from all around the world. • Easy to play: Just get a lottery ticket with a line of sport events and predict results. Win a prize or even a jackpot! • Earn money	Weaknesses• The usage of cryptocurrency and insufficient legal support may result the problems in the business processes. However, the probability of these factors is low • The weak brand recognition (i.e., insufficiently developed marketing policy) • Insufficient funds may affect holdups and delays of withdrawals, which may in its turn affect reputational losses, downgrades in professional rankings. • Lack of worldwide network of analysts
External	Opportunities• Growth of internet gambling market • Regular increase of online traffic due to availability and quality of the network • Increase of mobile platforms users.	Threats• State-Regulations (including tax laws) • Competition: The dumping price of services on the market and weak brand recognition can lead to a slow-down of the product development, including additional services and new gambling markets releases, games. • Low legal support may result a negative reputation on the market. • Fixed matches may result losses sometimes, but the ratio of such games is extremely low, about 0.01%. • Lack of working assets and the possibility can significantly affect the financial condition of the company. Particularly critically important is the capital for marketing purposes. • Insufficient funds may affect holdups and delays of withdrawals, which may in its turn affect reputational losses, downgrades in professional rankings. • Hacker attack (DDoS, stolen funds) • Reputational losses • Possibility of sanctions from the local state.

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