ℹ️Preconditions for Creating a Universe of Forecasts

Bets have been a part of our life for thousands of years. In ancient Greece, viewers made predictions about the outcome of the Olympic Games. There were bets in ancient Rome as well, citizens made bets on gladiators and charioteers. Viewers made bets directly between each other.

The betting business itself originated in the UK two millennia later. In 1790, William Ogden began accepting predictions for horse racing. He pre-determined the ratio between the size of the predictions and the winnings for each horse. The first bookmaker's office was opened in 1850 by Leviathan Davis and Fred Swindell. Its founders made sports predictions and distributed leaflets with chances of winning around London.Thirty years later, bookmakers came to America, France and Germany. Back then, bookmakers used the same principle as they do now: finding debaters and providing guaranteed payments to the winners. Profit from bets became their margin.

Gambling has always been in demand both in virtual and in common reality. In a few months after the legalization of online betting, New York casinos earned $3.1 billion.

There's a high demand for a product that unites people with common interests such as gambling bringing them to one virtual world.

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