SX Bet Ignites Prediction Market Revolution with First-Ever P2P Parlays and $50K Tournament

Prediction markets just got a major upgrade as SX Bet launches groundbreaking peer-to-peer parlays alongside a massive $50,000 tournament.

Game-Changing Features

The platform introduces the industry's first P2P parlay system, allowing users to create and share custom betting combinations directly with other participants—cutting out traditional intermediaries and their hefty margins.

Massive Prize Pool

A $50,000 tournament kicks off the launch, attracting both seasoned prediction market veterans and newcomers looking to capitalize on the innovative betting format.

Because what's more revolutionary than letting people bet against each other while the house still wins? The decentralized future looks suspiciously like the old centralized one, just with better marketing.

First-ever Peer-to-Peer Parlays

SX Bet’s parlays transform a house-priced product into an open marketplace. Bettors build cross-event tickets, and API-connected market makers compete to price the combined outcome, delivering better odds and true price discovery for bettors.

Once a bet is confirmed, stakes are held in smart contract escrow and payouts settle on-chain after the final leg. The design preserves custody, introduces price discovery, and supports the high-upside bets bettors actually seek—without post-hoc “reviews” or clawback anxiety.

For market makers, this opens up a high-margin product historically limited to sportsbooks. Combined with free API access, traders can programmatically quote multi-event risk, win order FLOW on price, and compete in a free and open market like never before.

$50,000 USDC Tournament with a New Scoring Model

To mark the launch, SX Bet is running a $50,000 USDC tournament using a new Potential Return format that rewards ambition, not just results. Each parlay placed earns points equal to its potential profit at the accepted price—so a +10,000 (101.00) parlay with a $100 stake generates 10,000 points. The Top 100 participants share the prize pool, and losing bets do not deduct points. The tournament is set to kick off on October 9.

SX Token Buyback

SX has introduced a 5% fee on winning parlay tickets and a 3% fee on cross-chain bets. Revenue generated will be used to buy back SX tokens and to add to the community fund, aligning long-term network initiatives with product usage.In the first four days alone, SX has already bought over 380,000 SX tokens, demonstrating how real product usage directly drives value back to the network. All single bets remain 0% fee, and losing parlays incur no fee.

Faster Live Execution, Tighter Spreads, and Lower Minimums

SX has upgraded its live engine to reduce failed bets; orders are now matched against any available liquidity at a user’s price or better, replacing the old exact-match requirement. A new slippage feature has also been added to increase fill rates for those looking to prioritize depth. Tick size has been refined to 0.125, enabling finer quoting and tighter spreads.

The minimum bet size has been reduced to $1 USDC, making it easier to test ideas and attract retail bettors.

About SX

SX Bet is the leading sports-focused on-chain prediction market, offering users a secure, transparent, and scalable environment for forecasting outcomes. Built on the SX Network blockchain, the platform has surpassed $780 million in prediction volume, solidifying its position as the global liquidity hub for sports prediction markets.

SX Bet is not available in the United States or other prohibited jurisdictions.

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