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ZenSports

Peer-to-Peer Mobile Sports Betting

USA, California
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 07/22/2019
Min investment
$  75.000
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Total required
$ 1.500.000
Rating
equalizer 224 из 1000
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Idea

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 bookmaker.

Bettors can easily fund their accounts right from their phone, and can create their OWN bets with their own odds and terms that others in the marketplace will accept. This gives bettors a cheaper, faster, and more trustworthy process for wagering on sports than traditional online sports books offer.

ZenSports is the only native mobile app that offers peer-to-peer sports betting on both the App Store and Play Store.

Market

Our customers fall into 3 demographic buckets:

1) Professional or semi-professional sports bettors that have $5,000+ per month in betting volume.

2) Semi-casual sports bettors that have between $1,000-$4,999 per month in betting volume.

3) Very casual sports bettors that have less than $1,000 per month in betting volume.

Problem or Opportunity

Traditional sports bookmakers come with outdated technology, high fees, lack of trust and transparency, and a huge conflict of interest (because they only make money when YOU lose). The ultimate definition of a middleman is a bookmaker, and ZenSports is disrupting this centuries old model.

Solution (product or service)

ZenSports is a peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world.

Bettors can easily fund their accounts right from their phone, and can create their OWN bets with their own odds and terms that others in the marketplace will accept. This gives bettors a cheaper, faster, and more trustworthy process for wagering on sports than traditional online sports books offer.

ZenSports is the only native mobile app that offers peer-to-peer sports betting on both the App Store and Play Store.

Competitors

Our competitors are traditional online bookmakers like Bovada and William Hill.

Advantages or differentiators

We are better than the competition because we offer a truly mobile peer-to-peer platform that eliminates the bookmaker, charges lower fees, is more transparent and free of conflicts of interest, and uses cryptocurrencies and blockchain to create a more seamless betting experience.

Finance

ZenSports takes an average fee of 3% from the total betting volume in our app.

Business model

ZenSports takes an average fee of 3% from the total betting volume of all customers in our app.

Money will be spent on

Marketing, additional gaming/sports betting licenses, and continued product development.

Offer for investor

We are raising this round of funding on a $4.75M pre-money valuation using a SAFE. Investors also have the option instead of purchasing our security token instead of equity.

Team or Management

Risks

The biggest risks we face are the same risks that all startups face -- namely being able to execute and grow quickly.

Incubation/Acceleration programs accomplishment

Acceleprise

Won the competition and other awards

The winner of The Startup Conference pitch event.

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address