Sports Betting Exchange

Problem to Solve:

Global sports betting is a multi-trillion dollar industry. However, this industry is highly fragmented with multiple players providing poor products at high margins, all driven by low or fragmented liquidity across the gambling markets.

Possible Solution:

One solution is building decentralized sports betting exchange on top of the Monaco Protocol. The Monaco protocol is open sourced and provides for pooled liquidity, allowing new exchanges to tap into the entire liquidity pool of the protocol on day one. This allows the exchange to offer markets with high liquidity from the start, giving users the best possible experience, and improves the liquidity and experience for other exchanges built on the Monaco Protocol.The Monaco Protocol streamlines the wagering process, helps provide greater liquidity for participants, reduce spreads, and offer lower prices. It lowers the take rates of institutions and middlemen and reduces settlement times, increases transparency, and improves capital efficiency -- all leading to a better user experience in the world of sports betting!

Resources:

1. Monaco Protocol Docs
2. The Monaco Protocol SDK
3. A list of DeFi projects that have won Solana global hackathons in the past

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