Issuing a market update, blockchain-centric sports betting exchange Bookie has detailed that it plans to ‘go live’ with its initial public beta ahead of World Cup Russia 2018 (14 June – 15 July).
Bookie’s beta launch will allow players to compete for ‘real bitcoin prizes’ as the operator releases a series of betting competitions and leaderboards to test its proprietary platform.
Toby Lynas, Head of Operations at PBSA, said: “After months of hard work from the entire Bookie team, we are thrilled to be sharing this game-changing new betting exchange with the public ahead of the World Cup.
“The betting exchange has not received a great deal of love in recent years, and we’ve spoken to lots of punters who are not happy with the current products. Bookie addresses these concerns by offering a sustainable, fair and transparent model that returns the betting exchange back to its roots.”
Bookie’s beta announcement is accompanied by the launch of a test website property, where the Bookie Public Beta app will be available for download closer to the World Cup.
As an industry start-up, Bookie seeks to develop a crypto-centic betting community, in which players and stakeholder are informed of the benefits of blockchain for sports betting.
The decentralized nature of Bookie means a full launch requires a majority approval by the Witnesses who run the Peerplays blockchain.
Jonathan Baha’i, President of PBSA, added: “The launch of Bookie Public Beta marks an important moment in the development of provably fair sports betting for the Peerplays blockchain, and we are thrilled to see a play-for-fun product live in time for this summer’s World Cup.
“It is important that Bookie is properly tested in a public, live, play money environment. There will be some fantastic bitcoin prizes to be won across a series of competitions and leaderboards, and we look forward to spreading the word further in the run-up to Bookie Public Beta launch.”