Fairlay is one of the most thorough platforms in the world of trading events. It is known as the future of reliable information. If you want to get the best odds in the bitcoin industry, fairlay claims to be the best betting exchange in the prediction market.
The Bitcoin betting market has been around for years and the internet revolutionizes this betting market. Leading the revolution were the betting exchanges and fairlay is one of these.
The largest bitcoin-based prediction market fairlay was founded in 2014. It is based in Germany. One of the co-founders of Fairlay Martin Koppelmann (now Gnosis founder) was interviewed in Coin News Asia last 2015. He said in the interview that Fairlay was started June of 2013. The site launched was early of 2014. Since then, fairlay has been one of the biggest and well-known betting exchange in the industry.
Fairlay search for a crowd-sourced data by offering an open prediction market. Fairlay works like a conditional betting exchange. It allows users to bet and see public confidence on bitcoin and related events, as well as news and sports. Through utilizing Bitcoin, any users of fairlay can collectively get the wisdom of the mainstream. Moreover, the working prediction market can deliver all the best available projection leading to a more improved prediction while being rewarded.
If you’re planning to join fairlay, signing up for an account and creating new events is easy and fast. Fairlay is accessible to UK residents and the main target market is within the USA.
The fairlay website looks simple and basic but their edge comes from their concept and odds of having the best prediction betting exchange market.
How does Fairlay work?
The basic idea of Fairlay betting exchange is that you don’t bet against the house, but against other users. Fairlay matches bettors and the winner earns the losers money. When it comes to earning money, fairlay take a 2% commission on the winnings. This is considerably lower than rival exchanges and this de facto 1% house edge is actually low for the industry.
Fairlay's main target market is on sports betting exchange. They support varied sports betting exchange. These sports are tennis, baseball, MMA, basketball, football, rugby and much more. You can check their site to know more about the sports prediction market by Fairlay.
Since Fairlay is a user-generated prediction market, they differ from a traditional bitcoin sportsbook. They have a larger variety of themes. Users make all of their bets and odds fluctuate based on how the users vote.
Moreover, Fairlay also targets non-sporting events like general news and politics. Fairlay can also provide an entertainment based betting exchange. They can even provide you to make your own forecasts.
Fairlay Promotions and Other Features
Once you signed up at Fairlay, you will receive an email, which includes a free welcome bonus when you deposit. The payment is 1mBTC. Once you deposit you will receive a free coin.
Fairlay has a tipping service focused mainly on Reddit and Twitter. It works as a cryptocurrency tipping bot that permits to tip with BTC, ETH, LTC, BCH, and DASH. For example, to tip on Reddit, you can reply by mentioning the user /u/fairlaytip. This type of tipping feature promotes appreciation and support to people who you think deserves it.
Latest News and Development
Prediction market Fairlay was relaunched last October of this year 2017. The website platform allows users to make prediction markets beyond wagering system and as well as for any events in the binary industry.
As mentioned, fairlay was launched last 2014 by the founders of Gnosis but recently was relaunched to provide better betting exchange market. The new fairlay team is larger and better and they come along with a new website interface. However, the previous interface remains for users who prefer it.
The fairlay platform is still centralized but the new team wanted it to become more secure. They are aiming for Bitcoin sidechain RSK and Ripple. According to Oliveira, Fairlay CEO, he believes that Ripple-RSK hybrid is something that he could trust for the future developments of Fairlay.
Customer service is available via e-mail. You can also visit their site if you have inquiries. FAQ’s are available and can help you to be more acquainted with fairlay.