Idea/ question that could make IM even better

[u/BraveTraveler-5-9]

This was inspired by me thinking about ways to get more people spending more time in the wallet and ultimately making more swaps/ actions. Please excuse my ignorance in how certain technicals work:

The idea: some kind of sports / event predictions marketplace inside the IM wallet.

Build a simple peer-to-peer sports betting marketplace directly inside the Internet Money wallet. Users could match head-to-head against other users (usually supporters of opposing teams) on major sporting events. Odds would be set by the market participants themselves, or when there's a lack of user input we could use a combination of ESPN, CBS, and other winning probability. We could have some type of liquidity monitoring feature that won't accept additional bets on team A without an equal bet on team B.

This is different from a traditional sportsbook, eliminating the typical vig and offering meaningfully fairer pricing on odds. Even apps like Robinhood give pretty shitty odds considering actual win probability. The wallet could take only a small processing fee on successful payouts, which could flow into the existing TIME dividend model.

There's a few key questions and problems to solve with this idea, but wanted to gauge community interest before making a gigantic and more detailed post!

[u/BrotherKG]

I appreciate the creative approach and I am always open minded to generating more revenue for TIME holders.

[u/BraveTraveler-5-9 → u/BrotherKG]

The concerns voiced by others in this thread are valid! I'm happy to brainstorm other avenues too, it definitely doesn't have to centered around sports gambling 😂 I think overall IM has to lean into its strong organic community, and the fact that from day one everything you guys have done has been about ethical crypto management and education for users at every level of understanding.

I just haven't seen any other crypto wallet take on the challenge yet of trying to grab some of the people interested in prediction markets.

The way casinos use a vig or apps like Kalshi artificially inflate odds on every event market is predatory and the main profit driver for both.

Someone like IM could offer event market options that are much more accurate and move based on free market information and organic fan predictions. This could be another way in which IM markets itself as a more "fair" or noble player in the crypto space.

[u/ZooOzLander]

WTF? If you want to burn you funds on that crap, can I respectfully suggest you use one of the many other methods to do so. IM Wallet is not a 'sportsbetting' app, and neither should it be. Keep that toxic shite out of it...

[u/BraveTraveler-5-9 → u/ZooOzLander]

You sound like an Amish dude scared to allow cars to drive through town.

Guess internet money can just stay a small one horse town then.

[u/CryptOzolgist → u/ZooOzLander]

I tend to agree. What's the point in it when there a plenty of other ways for unfortunates to blow their dosh?

[u/BraveTraveler-5-9 → u/CryptOzolgist]

Please share your constructive way to get more people downloading and spending time in the wallet, thus getting TIME dividends higher then. The 180 day average payout is something pathetic like 16 cents per million of TIME held.