Delphy to Inaugurate Predictive DApp before the 2018 FIFA World Cup
In a few weeks, Russia will host the biggest football tournament in the world, the FIFA World Cup 2018 edition. As a result, many enterprises are moving fast to capitalize on the frenzy mood that is often associated with this soccer carnival. Among the platforms to take an interest in the World Cup are blockchain-based score prediction decentralized apps.
The last edition of the World Cup was watched by over 3.2 billion people, making it the most popular sporting event on television. This, coupled up with the popularity of the football game, has created an intense demand for prediction of match outcomes. The Delphy (DPY) project is looking to get the most out of this demand by launching the Delphy DApp before the tournament starts in mid-June. In this regard, the company has been working hard, particularly on advertising and development.
Delphy is already a household name in China, having attracted over 200,000 pre-orders to date. This large numbers signify the extent of the demand for prediction apps in the global market, especially China. The inaugural DApp, known as Delphy predictions markets, will go public on 1st June 2018. The application will feature numerous markets, with several being specifically tailored on anticipation to the FIFA World Cup.
The Delphy DApp is built on the decentralized Ethereum blockchain, rendering it entirely unalterable. This boosts the app’s credibility, given that the gambling industry is often marred with cases of outcome fixing. Furthermore, the DApp implements three of the mandatory requirements for crowd wisdom, including decentralization, diversity of opinion and independence of opinion.
Prediction markets that leverage crowd wisdom have been existent for a relatively long period. Fundamentally, these are platforms that fuse crowdsourcing with financial markets to establish contracts that enable individuals to earn profits from betting. The price of the investment (betting odds) fluctuates in accordance with the bettor’s choices (bets).
The Delphy prediction markets DApp will have two different types of users. The first category of users will be gamblers who predict match outcomes using the application. The second group will be investors who will use the prediction markets data as an entity of their due diligence in external investments. As per Fox Holt, the VP of Business Development at Delphy, their DApp is the world’s first predictive algorithm that integrates crowd wisdom as a data set. Therefore, this data is statistically important in algorithms that wish to predict the outcome of upcoming events.