UBET SPORTS works on
the most complex & interesting challenges
in the betting, trading, and gaming space.
Explore our research and observe the benefits!
We innovate & disrupt
the betting industry through
cutting-edge FinTech, AI, and Blockchain research solutions.
We transform betting from Unfair to Fair:
Our mission is to create a transparent, trustless, and decentralized system that benefits bettors.
So far, our UBET AMM has been shown to address challenges seen in traditional AMMs like Uniswap.
We demonstrate this through pricing odds in sports betting.
Publications
UAMM: UBET Automated Market Maker
Automated market makers (AMMs) are pricing mechanisms utilized by decentralized exchanges (DEX). Traditional AMM approaches are constrained by pricing solely based on their own liquidity pool, without consideration of external markets or risk management for liquidity providers. In this paper, we propose a new approach known as UBET AMM (UAMM), which calculates prices by considering external market prices and the impermanent loss of the liquidity pool. Despite relying on external market prices, our method maintains the desired properties of a constant product curve when computing slippages. The key element of UAMM is determining the appropriate slippage amount based on the desired target balance, which encourages the liquidity pool to minimize impermanent loss. We demonstrate that our approach eliminates arbitrage opportunities when external market prices are efficient.
Onchain Sports Betting using UBET Automated
Market Maker
The paper underscores how decentralization in sports betting addresses drawbacks of traditional centralized platforms, ensuring transparency, security, and lower fees. Non-custodial solutions empower bettors with ownership of funds, bypassing geographical restrictions. Decentralized platforms enhance security, privacy, and democratic decision-making. However, decentralized sports betting necessitates automated market makers (AMMs) for efficient liquidity provision. Existing AMMs like Uniswap lack alignment with fair odds, creating risks for liquidity providers. To mitigate this, the paper introduces UBET AMM (UAMM), utilizing smart contracts and algorithms to price sports odds fairly. It establishes an on-chain betting framework, detailing market creation, UAMM application, collateral liquidity pools, and experiments that exhibit positive outcomes. UAMM enhances decentralized sports betting by ensuring liquidity, decentralized pricing, and global accessibility, promoting trustless and efficient betting.
“Enhancing the experience of betting, trading, gaming with state-of-the-art research and scientific rigour”
— UBET Sports Team
