Details

Last Funding Type

Series B

Industries

Blockchain,Cryptocurrency,Gambling,Mobile Apps,Sports

Founded date

Nov 1, 2016

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

ZenSports, Inc.

ZenSports is a mobile sports betting app that is all about offering more choices to the next generation of sports bettors compared to any other platform. With ZenSports, customers can choose to bet against the house or create their own bets with their own odds and terms (peer-to-peer). Peer-to-peer bets can be shared with friends or anonymously via the app’s mobile marketplace, all without the need for a bookmaker and all right from their phone.

ZenSports also offers more options for how sports bettors can fund their accounts and which currencies they can wager in. Funding can take place using traditional fiat methods, such as debit/credit cards and wire transfers, as well as a variety of cryptocurrency options, such as the crypto form of Dollars (Tether), Bitcoin, and ZenSports’ proprietary token called SPORTS. Almost 100% of the funding in ZenSports takes place using cryptocurrencies, and over 91% of bets in ZenSports are wagered using SPORTS tokens. ZenSports is proving out a real-world use case for cryptocurrencies that consumers are using in their everyday lives.

The SPORTS Rewards Program that ZenSports has built out around its SPORTS token is a new and unique way of offering rewards that is unmatched by any other gaming provider. By betting with SPORTS tokens, customers can earn discounted betting fees, cash back bonuses, and other cool and fun rewards. Betting with SPORTS tokens gives consumers a more exciting and rewards-driven experience for wagering on sports than what traditional gaming providers offer.

ZenSports is currently operating in 87 countries outside the United States, and the company is now moving quickly to get licensed and launched in the US.