Overview
Last updated
Last updated
FlowBetPalace is the decentralized sports betting platform powered by Flow Blockchain. It provides a safe way for users to bet for their favorite sports team across different sports such as basketball, soccer, football, UFC and MotoGP.
Contract on-chain: https://flow-view-source.com/testnet/account/0xd19f554fdb83f838/contract/FlowBetPalace
The global architecture of FlowBetPalace involves the creation on-chain of different sports events (bets), with custom made child bet types such as (match winner, total points, number of fouls, etc). It involves a smart contract factory which is in charge of creating both the events, and afterwards the custom bet types depending on the creator's desire.
The smart contract stores information such as the match start date, end date, category, description and name; while it also saves the result of the custom bets in order to ensure a smooth and transparent event.
Once users choose the desired bet, an on-chain interaction is required in order to send the funds to the smart contract, which will be available to reedem at the end of the match in case the user has a winning bet. It is worth noting a user can have multiple bets of the same type, but the final reedem of the bet will be in one transaction.
Users are also able to visualize NFTs from the collections NBA Topshot, La Liga Golazos, MotoGP-Ignition, UFCStrike and NFAllDay directly on the bet window. The leverage of the Flow Blockchain allows us to have the most efficient sports betting hub, while connecting fans with their favorite teams through NFTs