Mark Thomas, Co-Founder & CEO, ZenSports | Peer-to-Peer Mobile Sports Betting
In this episode of the #PAY Podcast Bruce Burke speaks with Mark Thomas, Co-Founder & CEO, ZenSports. Mark is a serial entrepreneur with experience founding tech startups and other businesses. Most recently, he was the Co-Founder & CEO of Reesio, a VC-backed startup within real estate technology that was acquired by Realtor.com in 2015. Mark does everything for ZenSports except coding, including Product Management, User Experience Design, Marketing, PR, Sales, Recruiting, HR, Finance, and Accounting. ZenSports is a mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker. ZenSports uses its own SPORTS cryptocurrency utility token to give bettors a cheaper, faster, and more trustworthy process for wagering on sports than traditional online sportsbooks offer. SPORTS can also be used to earn discounts, rewards, and other perks within the ZenSports ecosystem, such as discounted betting fees and cash back bonuses. By utilizing blockchain smart contracts and a defined token economy, ZenSports is able to offer a fully decentralized betting platform. Bettors can self-report betting results and dispute results that they don't agree with. Disputes are resolved by a voting marketplace via a token reward system using SPORTS. With social features such as group chat, instant messaging, live streaming, and sharing stories, ZenSports is removing the stigma around sports betting, and helping to simultaneously expand the market. ZenSports has a native iOS and Android app that you can download today to begin betting on sports! Please note that our sports betting marketplace and SPORTS utility token are currently only available to residents outside the United States (i.e. non-U.S. persons). Customers within the United States may only view sports odds and data within the app, but can't place any bets and can't buy or use our utility token. Create your own sports bets on your terms that others accept Want to bet that Lebron James will score 18 points in his next game at 20:1 odds, or that Manchester United will get shut out the rest of the season at 100:1 odds? Go for it! Accept any kind of sports bet imaginable from others in the world. If you don't feel like coming up with your own bets and terms, simply accept anyone else's bet with just a couple taps of a button. With a very creative group of bettors out there, you're bound to find bets being offered that traditional sports books don't have! Makers submit results; takers can submit disputes; marketplace can vote on disputes ZenSports is a fully decentralized marketplace that lets the Makers of bets submit their own bet results. Takers of bets can dispute the Makers' results, with the Marketplace getting to vote on any disputed results. An escrow, penalty, and rewards system ensures that all parties act in good faith. Manage funds, transactions, and bets all in one place Deposit or withdraw our SPORTS utility token, Bitcoin, or USD directly into or out of your ZenSports account. View and manage all bets and transactions in real time and in any of these currencies from our easy-to-use dashboard. In addition to betting with Bitcoin or fiat (USD), ZenSports now offers its own cryptocurrency utility token called SPORTS for betting and paying fees with. When you place bets with SPORTS, you'll pay discounted betting fees, get cash back for reaching certain betting volumes, and earn bonuses for performing other actions. Learn How ZenSports Decentralized Betting System Works: https://docsend.com/view/9s7wf9b https://www.zensports.com --- Support this podcast: https://podcasters.spotify.com/pod/show/bruce-burke/support