Spredict - WhitePaper v1.0
  • 📽️Introduction
    • About us
    • What makes us different?
      • Spredict runs on Abstract
      • Fixed predictions and Live Odds
      • PvP - Player vs Player
      • Discord Prediction Bot
      • Sponsor and Custom Pools
  • 🏆What is Spredict?
  • 🎮Spredict overview
    • Connect your wallet to play
    • Games
    • Games modes
    • Play-To-Earn mechanisms
      • Free-To-Earn
      • The Spredict Pass as a path to the Predict-To-Earn experience
      • Predict-To-Earn with $SPI token
      • Predict-To-Earn in Discord
      • Custom-To-Win
  • 🔍Market & Competition
    • Market analysis
    • Competitive landscape
    • Sports betting market
  • 🪙$SPI Token
    • $DAOG Migration
    • A new token and a new chain
    • $SPI Token and Utility
    • $SPI Launch
    • Use of funds
    • Tokenomics
  • 📊Economic model
    • Swap Tax revenue
    • Spredict Pass: Predict-To-Earn
      • Predict-To-Earn: Token Fee Model
      • Predict-To-Earn: Discord Bot Token Fee Model (White Label)
    • Other platform revenue streams
  • 🛣️Roadmap
    • Product & Development Roadmap
    • Marketing/Expansion Roadmap
  • 🏘️Our People
    • Partners
    • Founders
    • Core team
    • Ambassadors
  • 🎭Community
  • 🚨Disclaimer
    • Nature of the Whitepaper
    • Risks and uncertainties
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  1. Market & Competition

Market analysis

PreviousMarket & CompetitionNextCompetitive landscape

Last updated 4 months ago

The prediction and gambling market caps in November 2024 are approximately $500M combined.

Despite the highly competitive market, the PredictFi and the GambleFi narratives are yet to be fully explored as many projects are replicating traditional online casinos or sports betting web2 platforms by implementing a simple payment system in cryptocurrency.

As the majority of the projects in these narratives have not incorporated blockchain technology fully, Spredict is confident on its potential at growth and building market share both short and long-term.

Below, we can see the main Spredict competitors by their market capitalization. Spredict will have an initial market cap of $95k at listing and a FDV (Fully Diluted Value) of $480k. The growth potential of Spredict in the relatively new blockchain prediction/gambling market is huge.

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Competition analysis from November 2024