Partner Betting Events

Partner betting events enable you to swap assets between the partner events.

Let's take two partner betting events (Event 1 and Event 2) and two fungible tokens (token 1 and token 2)

Event 1 sells tickets to users in exchange for token 1 and event 2 sells tickets to users in exchange for token 2.

After a certain period, both betting events end and swap their prize pools, all tokens in the prize pool of event 1 get sent to the prize pool of event 2 and all tokens in the prize pool of event 2 get sent to the prize pool of event 1.

Partner betting events can give birth to some interesting use cases:

• AMM: both token 1 and 2 can be tokens of ongoing DEFI projects and this can be used as an alternative to AMMs that is not subject to impermanent loss.

Suppose there are 10 ticket buyers in event 1 for a total prize pool of 1000 token 1's and 5 ticket buyers in event 2 for a total prize pool of 200 token 2's.

At the end of both events, each ticket buyer in event 1 will get 200 / 10 = 20 token 2's

each buyer in event 2 will get 1000 / 5 = 200 token 1's.

This makes for this partner events one token 2 worth five token 1's

• Token 1 can be a newly created token that represents a service/utility like a house/date with a girl/car/etc. and token 2 can be a tFIAT token or a Free Token. The partner betting events will then be used to determine the right price for the service/utility