SX Bet (originally SportX) is a sports prediction market on Polygon, powered by the SX Network. It combines sportsbook-style betting with decentralized liquidity pools, letting users bet on sports, esports, and crypto markets without a central bookmaker. It’s one of the longest-running prediction dApps — but is SX Bet really a powerhouse in 2025, or has it been outshined by Polymarket?
Background & Reputation
SX Bet launched in 2019 as SportX, positioning itself as the first decentralized sportsbook. In 2021, it rebranded into SX Network, building its own L2 chain focused on betting apps.
Reputation: strong as a pioneer, with a loyal Polygon user base. It’s respected as one of the few prediction projects with staying power, though it doesn’t grab headlines like Polymarket.
Features
- Sports & Esports → football, basketball, UFC, LoL, CS:GO.
- Crypto Prediction Markets → BTC, ETH short-term moves.
- Liquidity Pools → peer-to-pool betting instead of house odds.
- SX Token Utility → staking, governance, fee discounts.
- Cross-Chain Expansion → runs on Polygon + SX Network.
- Community Governance → SX token holders vote on protocol changes.
Feels like a decentralized sportsbook wrapped in prediction market logic.
Safety & Risks
Pros:
- Transparent, smart-contract betting.
- Long track record, active since 2019.
- SX Network adds infra beyond just betting.
Cons:
- Liquidity smaller than centralized sportsbooks.
- UX still clunkier than Stake or Rollbit.
- SX token volatility affects economics.
- Doesn’t offer cultural/political markets at Polymarket scale.
Safe as tech, but niche compared to big hybrids.
What Players Say
- Fans → “the OG decentralized sportsbook, still going strong.”
- Critics → “feels too small, Polymarket stole the spotlight.”
- On Reddit and Discord, SX Bet gets respect as a survivor, but not hype as a “degen playground.”
It’s respected but not trending.
Who Uses It
- Sports bettors who prefer on-chain play.
- Polygon natives looking for dApps.
- DeFi LPs farming fees by providing liquidity.
- Esports degens betting on gaming events.
SX Bet = solid for niche loyalists, less for casual newcomers.
Real Stats
- Launched: 2019.
- SX Token market cap (CoinGecko, 2025): around $40M.
- Daily active wallets: a few thousand (DappRadar 2024).
- Total historical volume: hundreds of millions USD since launch.
Numbers prove it’s one of the most persistent prediction dApps.
Degen Tip
Best angle: be an LP in SX pools — you earn fees on sports betting action instead of trying to time markets.
Final Degen Verdict
SX Bet is the OG decentralized sportsbook, still alive and kicking in 2025. It’s not as flashy or hype-driven as Polymarket, but it remains a respected option for sports and esports bettors who want DeFi-style transparency.
For long-term grinders, wagmi. For meme-chasers looking for hype, ngmi.
SX Bet proves consistency matters — even in the degen jungle.
