Background

SX Bet

The largest web3 betting plaform.

Integrationstwitter

gParlay Tournament Goes Live with $10,000 USDC Top Prize

Thu 9th Oct 2025
The **gParlay Tournament** has officially launched on SX.bet, offering a substantial prize pool for participants. **Key Details:** - First place winner takes home **$10,000 USDC** - Total tournament prize pool: **$50,000 USDC** - Competition focuses on parlay betting strategies The tournament represents a significant opportunity for skilled bettors to compete for meaningful rewards in the web3 betting space. **Getting Started:** - New to parlays? Educational resources are available - [Join the tournament](https://sx.bet/rewards/tournaments/0e2d2c5aca79) Participants can now test their betting skills against others while competing for one of the largest prize pools in decentralized betting tournaments.
Community article

🎯 SX Buybacks Hit 407K Tokens

Mon 6th Oct 2025
**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).

🏈 Wait, it's all sports?!

Thu 9th Oct 2025
The web3 betting landscape has completed its transformation into a **sports-focused ecosystem**. What started as a pivot earlier this year has now become the dominant reality - sports betting and gaming have taken center stage across the platform. Key developments: - Complete shift from traditional web3 activities to sports-centric offerings - Sunday gaming sessions becoming the new standard - Community engagement now revolves around sports events This marks a significant evolution in how web3 platforms are positioning themselves, **prioritizing sports entertainment** over other blockchain activities. The transformation reflects broader market trends toward practical, engaging use cases that drive consistent user participation.

SX Bet Verifies CoinMarketCap Listing Updates

Thu 9th Oct 2025
**SX Bet is updating its CoinMarketCap listing** with verification requests submitted on October 8th and 9th, 2025. The platform has filed **Request ID 1278330** to confirm changes to their CMC profile. This follows a previous verification attempt in April 2025 under ticket number 1093263. - Multiple verification requests suggest ongoing profile maintenance - Standard procedure for keeping exchange listings current - Part of routine compliance with CMC requirements The updates appear to be administrative in nature, ensuring accurate information display on the popular crypto data platform.

Web3 Betting Platform Faces Major Regulatory Challenge

Mon 6th Oct 2025
A major web3 betting platform is encountering significant regulatory hurdles that could impact its operations. The platform, which has established itself as a leading player in decentralized gambling, is navigating complex compliance requirements. **Key developments:** - Regulatory authorities are scrutinizing the platform's operations - The company is working to address compliance concerns - Industry observers are watching closely for precedent-setting outcomes This situation highlights the ongoing tension between **innovative web3 applications** and traditional regulatory frameworks. The outcome could influence how other decentralized betting platforms operate going forward. The platform continues to serve users while addressing regulatory requirements, but the resolution timeline remains uncertain.

Bettor Turns $250 Into $2,387 in Single Prediction Market Trade

Mon 6th Oct 2025
A trader successfully converted **$250 into $2,387** in one prediction market bet, demonstrating the potential profits available in this emerging sector. The significant return highlights a growing trend where traders are **shifting focus from memecoins to prediction markets** as their preferred high-risk, high-reward investment strategy. This follows previous success stories in the space, including another bettor who generated nearly $13,000 profit from a $1,700 wager. **Key takeaway:** Prediction markets are emerging as a viable alternative to memecoin trading for those seeking substantial returns on speculative bets.
Community article

🥊 SX Bet Momentum

Mon 29th Sep 2025
SX Bet recorded **$3.5M in matched betting volume** over 48 hours, signaling strong momentum toward their $10M weekend target. The platform's growth trajectory shows: - September: $26.7M total volume with 62,762 bets - Q3 ending near $60M (54% increase year-over-year) - Consistent acceleration heading into Q4 This recent 48-hour performance suggests SX Bet is building toward significantly higher weekend volumes as sports betting activity intensifies.
Community article

Sports Prediction Markets Moving Toward Zero Take Rates

Mon 6th Oct 2025
Sports prediction markets are rapidly approaching **near-zero take rates**, signaling a major shift in the betting landscape. This development suggests increased competition and efficiency in the sector, potentially benefiting users through: - Lower fees for participants - More competitive odds - Greater market accessibility The trend toward minimal take rates could reshape how sports betting platforms operate and compete for market share.

SX Networks Q2 2025: $60.6M in Bets, Up 38% YoY

Mon 4th Aug 2025
SX Networks reports strong growth in Q2 2025: - Betting volume reached $60.6M, up 38% from Q2 2024 - Surpassed $700M in all-time betting volume - Launched Orderbook V2, reducing failed bets - Introduced Bet Boosts feature for odds comparison - SX Rollup TVL hit ATH of $97M in July - 15 consecutive months of YoY growth, averaging +70% Key improvements include enhanced order matching and in-play betting capabilities. Platform growth driven by product strength rather than incentives. [Read full report](https://sxweekly.substack.com/p/sx-79-2025-q2-review)
Community article

SX Bet Offers Competitive Sports Betting Odds vs Pinnacle

Mon 23rd Jun 2025
SX Bet continues to position itself as a competitive alternative to Pinnacle Sports for betting odds. The platform allows users to: - Place limit orders through the UI - Request custom odds - Get fills above market rates The platform's homepage at [sx.bet](https://sx.bet) showcases these features, enabling bettors to potentially secure more favorable odds compared to traditional sportsbooks. *Key Advantage*: Users can set their own odds parameters rather than accepting preset offerings.
Community article
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