DuelNow
Peer-to-peer sports prediction platform using cryptocurrency.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $11.0m | Seed | |
| Total Funding | 000k | ||
DuelNow is a decentralized, peer-to-peer social sports prediction market. The platform allows users to engage in skill-based competitions by setting their own odds and competing directly against other fans, rather than a central house. This model aims to provide a more transparent and user-controlled environment with low fees and no betting limits. Transactions on the platform are conducted using cryptocurrency, specifically its native token, $DUEL.
The company was co-founded by David Gzyl and George Paraskevakos. Gzyl, serving as the CTO, has a background in software engineering, having worked for companies like Amazon and as a lead software engineer at Uber. Paraskevakos, the CEO, brings experience from the sports and entertainment marketing world, including his role as CEO of GPAR Marketing. The platform operates in the GameFi sector, blending online gaming with decentralized finance. It targets sports fans who are also cryptocurrency users, offering them a way to monetize their sports knowledge. The business model is built around a 'winner-takes-all' system for the duels, with the platform taking a small fee from the prize pool.
Keywords: sports prediction, peer-to-peer, cryptocurrency, decentralized market, GameFi, social betting, skill-based gaming, blockchain, P2P platform, crypto sports