SX Bet Revolutionizes Prediction Markets with P2P Parlays and $50K Tournament

SX Bet, the leading on-chain prediction market for sports, has launched the industry's first peer-to-peer parlays alongside a $50,000 USDC tournament. The platform's upgrades enhance liquidity and execution, tightening spreads and improving fill rates. In just four days, SX bought back over 380,000 SX tokens using platform fees, directing 100% of these fees to buybacks and community funds.

"Parlays have always been a cash cow for traditional sportsbooks," said Jake Hannah, co-founder of SX Bet. "We've made them peer-to-peer and open source, so prices are discovered by competition, not house lines. This is a fundamental shift for the industry."

The new parlay system transforms a house-priced product into an open marketplace. Bettors create cross-event tickets, while API-connected market makers compete to price the combined outcomes, offering better odds and true price discovery. Stakes are held in smart contract escrow, with payouts settling on-chain after the final leg, ensuring transparency and eliminating clawback risks.