How will UBET fit in with the Southeast Asian Betting Market
Southeast Asia is a region with a large consumer base. Esports is also rising in this region, but it’s not the esport you are thinking of. In some countries, the most popular titles are mobile games like Mobile Legends: Bang Bang and Arena of Valor. Dota 2 is still popular, as is League of Legends. Valorant is another rising title.
Betting and Esports go hand in hand, like most traditional sports you know and love. In the Philippines, betting is like a pastime for some. Cockfighting is very popular around the country and that tells a lot. Many betting sites are heavily pushing their products in Southeast Asia because of the quite loose betting rules.
Some betting sites even sponsor big events and teams in Dota 2, and they are partnered with a lot of popular streamers as well to boost their popularity. Riot however, banned betting sites from their events and teams for both LoL and Valorant. They are really going with the family friendly route in this one.
The Esport betting industry is projected to have a revenue of 2.34 billion dollars in 2023 according to statista.com (Esports Betting - Worldwide, 2023). There are a lot of games to choose from and a lot of platforms to play in. The most popular PC games to bet on are the usuals, Dota 2, CSGO, Valorant and LoL. The rising mobile gaming market is also popular for bettors. Games like Mobile Legends: Bang Bang and Wild Rift are the forerunner in this department.
The popular betting sites right now are Rivalry and 1xBet. They have a good community in Southeast Asia and they have most of the market share right now. But the industry has been quite stale, and no innovation has been made for quite a few years now. This is where UBET comes in. UBET is a web3 platform that aims to revolutionize the betting space for both traditional sports and eSports. Unlike normal betting platforms, in UBET you can:
Get your payout immediately. The platform does not hold the user’s money, the winnings go directly to the user’s wallet
Get better odds.
Bet all you want, there is no betting limit.
Gain passive income by staking in the liquidity pool.
UBET uses the polygon chain and only accepts USDC right now, a stable coin. You can buy USDC from Binance and then transfer the coins to your Metamask wallet to place your bets. All your winnings will go directly to your Metamask wallet. Gone are the days of waiting a couple of days to get your hands on your winnings, Thank God.
The platform is available in Southeast Asia, and it just launched on August 25. There are already quite a few users taking advantage of the platform. There are also a lot of upcoming contests to join in and earn a lot of money aside from your usual bet earnings.
You can join us at the links below:
Website: http://ubetsports.io/
Twitter: https://twitter.com/UBET_ESPORTS
Discord: https://discord.gg/yBbjRdZzZ4