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BetMoose Launches, Stands Out in Prediction Market

Chris in Bitcoin Gambling published on 23, June 2014


BetMoose, a new user-driven betting exchange, has launched a series of outstanding services that make betting on future events more flexible, rewarding, and enjoyable.

Still in beta, this peer-to-peer gaming platform is one of this year’s recent additions to the growing prediction market that banks on the technology of Bitcoin, and has since then been operating in full swing while improving the services along the way.

The newcomer that allows for anonymous and registered betting outshines the traditional prediction markets by offering bettors the freedom to place bets on a wide range of topics, including sports, entertainment, politics, eSports, news, and even the digital currency Bitcoin among many other categories in aim to maintain its restriction-free betting environment.

Based on its mechanics, matched bets are rewarded with respect to their time-multiplier while all placed bets are pooled together, eliminating the concept of playing against the house and unflattering spreads or odds.

BetMoose also gives bettors the ability to become a host, which is tasked to create relevant and creative bets, as well as to provide up to five options or sides, giving bettors more choices to bet on and make the Bitcoin gambling experience more interesting.

According to the website, taking on this role earns the hosts a small commission from the bet pot as long as they correctly resolve their bets; at the same time, they can earn levels based on their reputation. Failure to present accurate resolutions, however, results in the loss of commission and bad record.

Meanwhile, this gaming platform continues to beef up its services, and the latest improvements included the security enhancements of cold storage, backups, and infrastructure, UX/UI improvements, availability of promo coins, and support for private or unlisted bets among others.

Although new in the Bitcoin betting scene, BetMoose has ensured the security within its platform by integrating 2-factor authentication for withdrawal changes, disabling unauthorized users from cashing out funds into their Bitcoin wallet.