Congrats to @kiber0x for winning the $500 draw!
You should see $500 in bet credits in your account now 🙂 https://t.co/w8TzvTeqNW
SX Bet
Peer-to-peer crypto sports prediction market charging 0% maker fees on non-custodial contracts
3.7/ 5
Our score
Good
Market types
Sports
Settles in
USDC
Trading fees
0% maker fee, 1% taker fee on net winning profits, 5% on winning parlays
Available in the US
No
Regulated venue
Yes
What is SX Bet?
SX Bet is a non-custodial, peer-to-peer sports prediction market and betting exchange where users trade directly against each other using an order book model. Originally founded as SportX, the exchange allows participants to set their own odds as market makers or take existing liquidity on major sports competitions, with over 6,000 active markets available in October 2026.
Team and background
SX Bet was founded in December 2017 by Andrew Young (Chief Executive Officer), Julian Wilson (Chief Technical Officer), and Jake Hannah (Chief Operating Officer). The platform operates under the parent organization SX Network. After launching originally on Ethereum mainnet, where it handled roughly $10 million in transaction volume across its first two years, the team expanded to Polygon and later developed its own dedicated chain infrastructure.
Trading mechanics and architecture
SX Bet pairs off-chain order books with on-chain settlement. Users connect Web3 wallets directly without relinquishing custody of their balances to a centralized balance sheet. While the platform initially relied on the SX Network blockchain and a native gas token, the project launched its V3 platform and API architecture in August 2026 to transition toward gasless betting infrastructure. Wagers settle in stablecoins like USDC, and the exchange also introduced on-chain same-game parlays alongside single match markets.
Fee structure and licensing
Fees on SX Bet are tied strictly to betting performance. Liquidity makers incur a 0% fee on all orders they post. Takers pay a 1% fee on net profits on winning single bets, while losing wagers carry no commission. Winning parlay bets carry a 5% commission on profit. Betting transaction gas fees are sponsored and covered by SX Bet. The parent entity holds a gambling license from Curacao.
Risks and considerations
Users face jurisdictional limitations, as regulated offshore betting licenses do not permit operations in regions like the United States. In May 2026, SX Bet sunset its native SX utility token, replacing legacy token allocations with USDC Bet Credits at a fixed valuation of $0.015 per token. Because the exchange relies on peer-to-peer matching, liquidity can be thin on niche fixtures compared to major leagues like the NFL or NBA. Participants also face typical smart contract risks associated with custom rollup infrastructure.
Founders
Andrew YoungCo-founder & CEO
Julian WilsonCo-founder & CTO
Jake HannahCo-founder & COO
Best for:Crypto sports bettorsMarket makers setting custom oddsNon-US traders wanting non-custodial wagering
Pros and cons
Pros
- Zero percent maker fees on all order book listings
- Taker fees only apply to winning bets at 1% of net profit
- Non-custodial settlement keeps funds under user wallet control
- Betting transaction gas fees are covered by the platform
Cons
- Not accessible to traders in the United States and other restricted jurisdictions
- Parlay winning bets incur a higher 5% commission on profit
- Niche sporting events can suffer from thin order book liquidity
- Sunset of native SX token in 2026 altered original platform tokenomics
Our review
3.7/5
Good
SX Bet delivers zero gas costs and low fees on winning sports bets, but its narrow sports focus and ongoing chain transitions limit broader prediction market appeal.
SX Bet, originally launched in December 2017 as SportX, operates as a non-custodial, peer-to-peer sports prediction market and betting exchange. Founded by Andrew Young, Julian Wilson, and Jake Hannah, the venue moved from Ethereum mainnet to Polygon before deploying its own dedicated blockchain infrastructure, SX Network, and subsequent Arbitrum Orbit rollup technology. It holds a Curacao gaming licenseand relies on smart contracts for execution and settlement.
Trading costs favor active participants. SX Bet charges a 0% maker fee for providing liquidity, while takers pay 1% on net profit per market on single winning bets. Peer-to-peer parlay winners pay a 5% fee on net profits, and losing bets incur no commission. The platform subsidizes betting gas fees entirelywhen submitting orders.
The exchange focuses tightly on sports rather than politics, macroeconomics, or general pop culture outcomes. Over 6,000 active markets span major leagues including the NFL, MLB, NHL, and NBA, alongside player proposition markets and Same Game Parlays introduced in October 2026. Liquidity remains concentrated in popular athletic contests, supported by integrations with odds aggregation tools like PickTheOdds and SoccerBets. In October 2026, weekend trading volume reached $13.5 million.
A major structural transition occurred in May 2026 when SX Bet announced the sunset of its native SX token and original chain designto move toward a gasless rollup setup. The platform allocated USDC Bet Credits at a valuation of $0.015 per SX token based on a May 2026 snapshot. Users seeking non-custodial, liquid wagering on major sports leagues benefit from its order-book model, while traders looking for political or macroeconomic prediction contracts must look elsewhere.
Specs
| Market types | Sports |
|---|---|
| Settles in | USDC · unverified |
| Chains | Other |
| Trading fees | 0% maker fee, 1% taker fee on net winning profits, 5% on winning parlays · unverified |
| Available in the US | No · unverified |
| Regulated venue | Yes · unverified |
| Market topics | NFL, MLB, NHL, NBA, Soccer, Player Props, Parlays · unverified |
Not disclosed by the provider: Resolution source, KYC required, Mobile app, Liquidity rewards.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Peer-to-peer order book
Users can back or lay outcomes by placing limit ordersso traders can set their own odds rather than bet against a house.
Zero maker fees
Market makers pay 0% fees on all limit orders, while winning takers pay 1% on net profit per single market.
Same-game parlays
Traders can combine multiple legs within the same event into peer-to-peer parlays, subject to a 5% fee on net winning profits.
Gasless betting transactions
SX Bet covers execution gas fees on betting transactions across its dedicated rollup architecture.
V3 developer API
A Centrifugo-based WebSocket API delivers real-time market data, odds streaming, and automated order execution.
Inside SX Bet
SX Bet Exchange
A peer-to-peer sports prediction market where traders place non-custodial single bets, player props, and parlays directly against an on-chain order book.
SX Network
The custom rollup blockchain infrastructure that powers order execution and handles gasless transaction processing for platform bets.
SX Bet screenshots
What users say about SX Bet
User feedback for SX Bet is sparse, with discussions mainly focusing on its use as a decentralized peer-to-peer betting exchange.
Based on 16 Reddit posts and comments from the last 12 months, checked Oct 20, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used SX Bet? Share your experience below.
FAQ
Who founded SX Bet?
Andrew Young, Julian Wilson, and Jake Hannah founded the platform in December 2017 under the original name SportX.
What trading fees does SX Bet charge?
SX Bet charges a 0% maker fee, a 1% fee on net profits for winning single bets, and a 5% fee on winning parlays. Losing bets incur no fee, and the platform covers all on-chain betting gas expenses.
Does SX Bet have a native token?
The original SX token was sunset in 2026 as the platform moved toward a gasless chain architecture, with eligible token holders receiving USDC Bet Credits at $0.015 per token from a May 2026 snapshot.
What chains does SX Bet operate on?
Originally launched on Ethereum and Polygon, SX Bet operates on its dedicated SX Network rollup infrastructure using Arbitrum Orbit technology.
What types of markets are available on SX Bet?
The platform focuses strictly on sports prediction markets, offering singles, player props, and Same Game Parlays across leagues like the NFL, NBA, MLB, and NHL.
Latest from SX Bet on X
$13.5M was traded on SX last weekend
Same weekend last year: $3M
Everything that went live in the last 10 days is below
Quote this tweet with a screenshot of a bet you placed on SX and you’re in the draw for $500 USDC
Winner Friday, 12pm ET. Rules at the end 🧵
Same weekend last year: $3M
Everything that went live in the last 10 days is below
Quote this tweet with a screenshot of a bet you placed on SX and you’re in the draw for $500 USDC
Winner Friday, 12pm ET. Rules at the end 🧵
This week we're introducing NFL player prop markets, Polymarket odds comparisons, and a brand new UI for events on SX Bet.
Now on @ev_strike 🚀 https://t.co/oXqhlX5SCU
Recent public posts from @SX_Bet, shown as published. Not reviewed or endorsed by CryptoReview.
Alternatives to SX Bet
CFTC-regulated prediction market exchange offering binary event contracts settled in US dollars
KYC requiredPolitics · Sports +4OtherAvailable in the US
CFTC-regulated prediction market exchange for trading sports, politics, and macro event contracts
KYC requiredPolitics · Sports +2OtherAvailable in the US
Prediction market on Polygon, founded in 2020 and backed by Founders Fund
Politics · Sports +3PolygonUMA Optimistic Oracle
CFTC-regulated prediction market operated by DraftKings via its proprietary exchange DKeX
KYC requiredSports · Politics +1Available in the USRegulated venue
CFTC-regulated prediction market backed by Crypto.com trading sports, politics, and culture
KYC requiredSports · Politics +2Available in the USRegulated venue
BNB Chain prediction market with yield on open positions and $1.8B+ cumulative volume
Politics · Sports +1BNB Chain · OtherUSDT and USDC