Chancer on a lightning presale, but how huge will P2P betting be?

• Chancer revolutionises betting by making it possible to predict multiple events.

• Chancer launched a presale on June 13, which has been happening fast.

• The token is a 50x investment in the future as blockchain-based betting gains prominence.

A few weeks since Chancer launched a presale, investors have accumulated more than $1 million of the tokens. Very few presales raise these amounts that quickly, underlying a strong interest in the token of the peer-to-peer betting platform. As the world’s first decentralised betting ecosystem, investors believe Chancer could be revolutionary. That stems from the growing interest in betting, which Chancer aims to take to the blockchain. 

About Chancer and its P2P betting model

Chancer is a new blockchain-based betting platform. The platform will be powered by a $CHANCER token. The token will be the platform’s medium of exchanging value and claiming winnings on successful bets and other rewards. There are a total of 1.5 billion Chancer tokens in supply, but only 65% are available for presale.

Chancer aims to become the go-to destination for decentralised social and predictive markets. Betting on Chancer occurs through a P2P model, where users set their rules and odds.

Picture this: You expect candidate X to win an election. Your peers may hold a contrary opinion. So, you place a bet against them for this probabilistic outcome. Under normal circumstances, you won’t be able to bet on such a political event. Chancer allows betting via these less popular events.

Through Chancer, investors can bet on many events. They simply create a P2P Chancer market for the particular event or incidence and bet on it. In other words, Chancer increases investors’ choice and flexibility in betting. This makes the platform a remarkable way to decentralise betting and enable investors to be in charge. 

The exciting bit is that users are rewarded for creating the P2P markets. The use case makes Chancer more than a betting platform. Users can also generate passive income by sharing the platform and staking the native token.

How big is the P2P betting opportunity?

Since P2P betting is new, estimating the market size is down to estimations. However, it is easy to predict based on the market size and trends in traditional betting. 

Market reports point out that online sports betting was valued at $70.23 billion…