stop_sending's comments

On: Peer-to-peer sports betting inside the Bitcoin blockchain

[stop_sending]

XBet.io uses Counterparty, a protocol build on top of Bitcoin, to match and settle all bets: XBet never holds your funds (only you do).

[kristianp → stop_sending]

Is XBet.io's commission programmed into Counterparty somehow?

[PhantomPhreak → kristianp]

Exactly. All bets are matched and all fees are handled by the Counterparty protocol. The only thing that XBet.io does is broadcast the results of the games (and provide a nice UI for making bets on those future broadcasts).