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Vendetta Markets Docs

Introduction

What is Vendetta Markets?

Vendetta Markets is a decentralized betting platform built on the Neutron blockchain, offering users a transparent, fair, and secure environment for betting. Initially focusing on esports, Vendetta Markets provides betting opportunities on popular titles like League of Legends, Counter-Strike: Global Offensive (CS:GO ), Dota 2, and Valorant.

Recognizing the growing demand in the broader sports betting market, Vendetta Markets plans to expand its offerings to include live sports such as Tennis, Soccer, NBA, NFL, and others, thereby catering to a wider audience of live sports enthusiasts.

How does it work?

Vendetta Markets leverages smart contracts on the Neutron blockchain to facilitate betting activities. Users can engage in various betting markets, including parimutuel, fixed odds, and order book markets. While the platform emphasizes decentralization, it currently utilizes centralized oracles to ensure accurate and timely result reporting. This hybrid approach combines the benefits of decentralized infrastructure with the reliability of centralized data sources, ensuring fair and transparent bet settlements.

Why use Vendetta Markets vs. Centralized Bookmakers?

  • Transparency: All transactions and bet outcomes are recorded on the blockchain, providing an immutable and auditable ledger that enhances user trust.​
  • Security: The decentralized architecture reduces the risk of data breaches and unauthorized access, safeguarding user funds and personal information.​
  • Fairness: Smart contracts automatically execute bets based on predefined rules, eliminating the possibility of manipulation by intermediaries.​
  • Lower Fees: By removing intermediaries, Vendetta Markets can offer more competitive odds and reduced fees compared to traditional bookmakers.​
  • Global Accessibility: As a decentralized platform, Vendetta Markets is accessible to users worldwide, bypassing regional restrictions often imposed by centralized bookmakers.

How can I start using it?

  1. Create an Account: Visit vendetta.markets and sign up using your email address or just connect your neutron wallet.​

  2. Fund Your Account: Deposit USDC into your wallet to begin placing bets, don’t forget NTRN for gas fees (What are gas fees?).​

  3. Explore Markets: Navigate through the available betting markets, including both esports and, in the future other live sports events.​

  4. Place Bets: Select a market and place your bets accordingly.​

  5. Monitor and Claim: Track your bets in real-time and claim your winnings securely to your account once events conclude.​

For more detailed guidance on each step, go to the Onboarding page.