Prophecy

Prophecy, a pioneering prediction market platform, is set to redefine the landscape of predictive betting and engagement. Built as a decentralized application, Prophecy harnesses the support of cutting-edge partner infrastructure, including technologies like Linea, Scroll, Base, Arbitrum, Chiliz, Mantle, Starknet, Wallet Connect and Metamask. This strategic integration positions Prophecy at the forefront of innovation, leveraging the transformative power of blockchain to provide users with an unparalleled and secure betting experience.

The platform arrives at a time of tremendous growth within the sports betting and iGaming industry. Projections indicate a staggering Total Addressable Market (TAM) of $40 billion by 2030, with an expected average annual growth rate of 9.94%. This trajectory points toward a remarkable projected market value of $63.62 billion by 2027. In this dynamic landscape, Prophecy stands as a key player, poised to capitalize on this burgeoning market.

At the heart of Prophecy's appeal lies its commitment to transparency, security, and commission-free betting. Users can expect an intuitive and user-friendly experience, facilitated by technologies such as Account Abstraction, allowing seamless access to the platform and funds through Google signups. Prophecy is designed to break barriers, enabling users to engage in betting with global sports enthusiasts without constraints on time.

A unique feature offered by Prophecy is the Reputation Score system. Users can build their reputation score through active participation, creating a dynamic and engaging community. As users accumulate a participation history, they unlock access to exclusive Non-Fungible Tokens (NFTs), adding an extra layer of incentive and reward to the Prophecy experience.

In summary, Prophecy is not just a prediction market platform; it is a technological marvel that combines decentralized principles, innovative partner infrastructure, and a user-centric approach to deliver a transparent, secure, and rewarding betting experience. As the sports betting and iGaming industry continue its rapid expansion, Prophecy emerges as a leader, poised to captivate users worldwide with its visionary features and commitment to pushing the boundaries of predictive engagement.

The development and deployment of Prophecy involve a multi-faceted approach, leveraging various technologies and blockchain infrastructures. Here's a simplified breakdown of how Prophecy is made Prophecy's smart contract, governing the betting functionality, is written in a blockchain-compatible programming language such as Solidity and Cairo.

The smart contract incorporates the logic and features essential for prediction markets, including user bets, event outcomes, and reward distribution.

Contract Deployments on LINEA: LINEA is known for its scalability and efficiency. We chose Linea for its fast and low-cost transactions. SCROLL, BASE, ARBITRUM: We chose these for their scalability, layer-2 solutions, and compatibility with Ethereum, offering an enhanced user experience. CHILIZ: to bring a sports-centric focus to Prophecy. MANTLE: contributes towards the decentralized infrastructure of Prophecy, enhancing its reliability. Utilizing Filecoin Virtual Machine for decentralized storage and computation, enhancing the overall robustness of the platform.

Wallet Integrations: Metamask and Wallet Connect