Information View Non-AMP

Betting On-Chain Got Serious: Bookmaker.xyz’s Tournament on Polygon

Published by
Sara K

As the crypto space matures, one of the more quietly evolving verticals is decentralized betting, and few platforms illustrate that shift better than Bookmaker.xyz. Built on the Azuro protocol and integrated with Polygon, Bookmaker.xyz is hosting an open on-chain tournament with up to $100,000 in rewards, aimed at experienced Web3 bettors looking for trustless infrastructure and high-stakes competition.

The tournament is live until July 27, giving players just over a week to climb the leaderboard and compete for a share of the prize pool. Full details can be found here.

A More Credible Betting Experience

Bookmaker.xyz operates on a simple, uncompromising principle: users should be able to place bets without giving up custody of their funds, signing up with emails, or dealing with withdrawal friction. The platform removes the “house” altogether by routing all bets through Azuro’s smart contract infrastructure, with odds and outcomes resolved by decentralized data feeds.

No custodial wallets. No hidden rules. No delays.

What makes the user experience stand out further is a combination of key features that directly address the shortcomings of traditional sportsbooks:

  • Gasless betting: users sign transactions, but gas fees are covered by the protocol
  • Fully decentralized: no single point of control or failure
  • Fast withdrawals: winnings are paid instantly on-chain, no manual processing
  • Seamless UX: just connect your wallet and start betting with no KYC

This isn’t gamified speculation or token farming dressed up as a sportsbook. It’s a platform built for people who already bet, and want to do it transparently and efficiently.

Inside the Tournament: Format, Rules, and Rewards

The ongoing tournament is open to all users placing bets on Bookmaker.xyz via Polygon. No registration or opt-in is needed: just connect your wallet and start betting,  eligible bets are tracked automatically.

Participants earn points based on winning bets using a simple formula:

Points = odds – 1

  • Odds 3.00 → 2 points
  • Odds 1.75 → 0.75 points
  • Losing bets don’t subtract points

To qualify, individual bets must be at least 10 USDT. Lower bets won’t count toward the leaderboard.

A built-in performance boost helps active users: if your total betting volume exceeds the player average, your score gets a 2x multiplier: a strong incentive for consistency and size.

To encourage thoughtful betting, only the first bet on a given outcome counts. This discourages repetition and levels the playing field.

The prize pool up to $100,000 is split into:

  • Weekly rewards for the top 10 bettors
  • A final leaderboard payout on July 27

All prizes are distributed directly to winning wallets with no delays, no manual claims, and no withdrawal friction.

The Broader Implication for Web3 Gambling

Bookmaker.xyz’s model reflects a broader movement in Web3 away from hype-driven launches toward actual infrastructure and usable products.

The decision to integrate with Polygon is strategic: fast finality, low transaction costs, and a strong ecosystem make it ideal for real-time betting flows. Combined with Azuro’s decentralized protocol layer, the platform delivers a fully trustless experience with no centralized bookkeeper, ever.

What’s equally important is how naturally it all fits the Web3 ethos:

  • No KYC
  • No registration
  • No deposit requirements
  • Smart contract-based payout logic

Bookmaker.xyz demonstrates that decentralized betting can match or exceed the UX of traditional platforms, without compromising on transparency or ownership.

What Comes Next?

While the current tournament wraps up on July 27, it’s unlikely to be the last. Based on engagement, betting volume, and the pace of product development, Bookmaker.xyz is clearly building for the long term.

Future updates could include new tournament formats, additional chain integrations, or even governance tools and liquidity incentives for power users.

But even today, the message is clear: decentralized betting is no longer an experiment. It’s fast, reliable, and already delivering value to real users and this tournament proves it.

Disclaimer and Risk Warning

The content provided on Coinpedia's information pages is intended to be informative and accurate to the best of our knowledge. However, Coinpedia does not guarantee the completeness, accuracy, or reliability of any information presented. The information is subject to change without notice, and readers are encouraged to conduct their research and consult with relevant professionals before acting on any details or advice. Coinpedia is not liable for any errors, omissions, or actions resulting from the use of the information provided on these pages.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Recent Posts

Will ADA Price Surge 40%, as Whale Activity Surges?

The ADA price has gained significant traction in recent days of July, driven by renewed…

July 19, 2025

Solana Eyes $185 Breakout as Multi-Exchange Liquid Staking Gains Institutional Traction, But This New Crypto Coin Is All Investors Are Talking About

The cryptocurrency market is witnessing two compelling narratives unfold simultaneously. Solana (SOL) has robust technical…

July 19, 2025

Charles Schwab Enters Crypto War, Launching Spot Bitcoin & Ethereum Trading

Charles Schwab, one of America’s largest brokerage firms with $10.7 trillion in client assets, is…

July 19, 2025

XRP News Today: XRP Rally Accelerates on Ripple’s RLUSD Launch and OCC Filing

XRP has been on a strong run lately, jumping 60% in the past month and…

July 19, 2025

Ethereum Hits 6-Month High: ETF Surge, Stablecoin Law Set the Stage

The crypto market cap currently stands at $3.93 trillion, with Bitcoin holding steady above $118,000.…

July 19, 2025

Peter Schiff Slams Trump’s Crypto Bills, Calls Bitcoin a “Ponzi Scheme”

Gold advocate and long-time crypto critic Peter Schiff has taken aim at the U.S. government’s…

July 19, 2025