Launched in March 2019 by a Canadian team, SportX is a community-owned sports betting exchange and political prediction market. It consists of the SportX protocol, the SportX.bet exchange, and the SX token.

The SportX protocol encompasses a set of open source smart contracts that power the entire SportX ecosystem. It handles the creation, processing, and settlement of all bets on-chain. The protocol includes control mechanisms, configurable fees, maintenance controls, and rules that govern the network. It also incorporates governance logic, allowing SX stakers to control the Community Treasury.

The SportX.bet exchange is a non-custodial front-end interface that allows anyone with a Web3 wallet to place bets using the SportX protocol. It concentrates liquidity in one central location, providing users with the best odds and depth. Being non-custodial, SportX.bet offers personal privacy, security, and transparency that traditional centralized platforms cannot replicate. Users can access SportX.bet through its leading API or the SportX.bet front-end.

The SX token enables shared community ownership and decentralized governance for SportX. It helps SportX become the world's first community-owned sports betting platform and enhances liquidity, security, and reliability. SX is an ERC-20 token on the Ethereum and Matic blockchain networks.

The SX token has three main uses: 1) Governance: SX allows token holders to control parameters of the SportX protocol smart contracts through the governance.sportx.bet user interface. 2) Staking: Token holders must stake their tokens to participate in governance votes and earn staking rewards. 3) Fee Discount: Staking SX tokens provides a reduction in exchange fees paid while using SportX.

SportX is a peer-to-peer betting exchange that allows users to both offer and take bets, unlike traditional sportsbooks where users can only take bets offered by the company. This peer-to-peer model leads to better odds and eliminates owners exploiting users for profit. There are no betting limits as users can offer or fill any available offer without restrictions.