"One of the competitors in blockchain prediction markets will likely be arbitrage syndicates – groups that look to buy up contracts at a 1-2% discount to provide liquidity to customers that don’t want to wait. The notion of arbitrage is foreign to most bettors, and BlitzPredict plans to offer a simpler mechanism for the users to achieve liquidity. There is no shortage of touts and affiliate sites in the sports betting space. There is no real accountability - touts can misstate their records and some affiliate sites manipulate data to create inaccurate records.

In a fractured market rife with misleading statements and outright lies by “experts,” BlitzPredict will bring accountability to sports betting with time-stamped predictions against real market odds. Requiring experts to stake BPZ in order to submit their picks or models should help guard against fraud and abuse. Most traditional affiliate sites, like Covers and Sports Insights, tend to have web-based, antiquated platforms. They have communities of contributors but no way for them to get rewarded. Aggregators like OddsChecker have a regional focus and do not include blockchain platforms.

Ultimately, success will be determined by the strength of the platform, network, predictive models, and the diversity of the markets that team addresses. It’s important to note that prediction markets like Gnosis and Augur, as well as sportsbooks and other betting vendors, are not competitors. The goal is to drive business to these platforms and open them up to users who may not otherwise use them. As these companies succeed, so will BlitzPredict. The team plans to collaborate with these companies with the common goal of bringing blockchain technology to the masses."