SX Bet Launches Weekly Trading Competition with $750 Prize Pool

SX, a sports prediction market platform, has crossed $1 billion in total trading volume. The platform anticipates accelerated growth moving forward, building on momentum from reaching $800 million in October 2025. **Key Points:** - Total trading volume: $1 billion - Platform focus: Sports prediction markets - Growth trajectory showing acceleration The milestone represents a significant marker for decentralized prediction markets in the sports betting sector.

SX Network has rolled out a **capital efficiency upgrade** to its contracts, enabling traders to move in and out of positions without locking additional capital each time. **Key features:** - Capital is **refunded instantly** when hedging out of positions - Functions similar to margin trading mechanics - Traders can enter, exit, hedge, and re-trade using the same bankroll - Only requirement: worst-case loss must remain covered The upgrade provides **greater flexibility** for both traders and market makers, allowing them to deploy the same capital repeatedly across multiple positions rather than having funds locked in individual trades.

**SX Bet's NFL orderbooks are experiencing significant trading volume** as the platform continues to attract users with its web3 betting infrastructure. Key features: - **Quick account setup** - users can start trading in under 90 seconds - **USDC integration** for seamless transactions - Focus on NFL game lines and betting markets The platform has been consistently promoting its NFL offerings, highlighting competitive odds and fast onboarding compared to traditional sportsbooks. [Check NFL markets](sx.bet/football/nfl/game-lin)

**SX Bet continues token buyback program** with latest purchase of 90,067 $SX tokens using parlay revenue from October 27 - November 3. **Key details:** - All purchased tokens added to SX community fund - Part of ongoing buyback initiative launched October 1st - Revenue generated from platform's parlay betting activity **Recent momentum:** - Platform hit $0.8B all-time betting volume milestone - Record weekly volume of $12.2M achieved - Daily volume peaked at $2.7M+ The buybacks demonstrate SX's commitment to **value creation through platform usage**, with 100% of parlay revenue funding these token purchases that benefit the community fund.

**SX Network continues aggressive token buyback program** The platform purchased **26,410 $SX tokens** using parlay revenue from October 6-7, bringing total buybacks to **407,519 $SX** since the program launched October 1st. **Key developments:** - All parlay revenue now funds token buybacks - Cross-chain betting revenue also allocated to monthly buybacks - Community fund grows with each purchase - Platform commits to value creation through usage-driven buybacks The buyback strategy demonstrates SX's commitment to token holders by converting platform revenue directly into token purchases. Transaction details available on [SX Explorer](https://explorerl2.sx.technology/tx/0xc481fd0c085c6d4bc6e97ccdbca81d6c35afa87361cf5b24d631b48c6cb54f4a).