Interviewing Neil Zhang, Co-Founder of Frontrunner

Frontrunner is a A decentralized sports prediction market built on blockchain. It is the first zero gas fee, decentralized sports prediction market built on blockchain where you get the best odds with no house edge. Frontrunner is a decentralized sports prediction market where users can buy shares of sports propositions and trade them like they would stocks or options. Unlike traditional sportsbooks where users place a bet and wait, Frontrunner gives users full control over their portfolios, allowing them to dynamically buy and sell positions as the odds change. By leveraging the power of free markets and the blockchain, we create transparent markets and liquid positions to reduce counterparty risk, create new types of sports-related markets, and fundamentally change the way in which people invest in their sports knowledge and beliefs. To learn more, visit www.getfrontrunner.com

In this conversation, Neil talks about how because of a full level of control in traditional sports betting, the house always wins. Frontrunner was started on one of the core themes that there's a convergence of gaming, finance and crypto and web3 and so they began building a ‘Robin Hood’ style sports betting platform built on a decentralized web3 backend. Making it a market driven model rather than a user or price book model. He talks about how there are an increasing number of firms who are now interested in the sports trading world. Their demographics are shaded about 50/50 between the western world and the asian markets. Frontrunner aims to target the smaller communities to see if they can get a proof point there with users who are looking for new things.

Hosted by Rohn Malhotra from SportsTechX - Data & Insights about SportsTech startups and the surrounding ecosystem.