Bookmaker Ratings Launches Chainlink Node on Mainnet to Provide Sports Results and Proprietary Odds On-Chain
As such, we’re excited to announce that Bookmaker Ratings has launched our own Chainlink oracle node into production to sell our proprietary and aggregated sports odds and results data into blockchain-based sports markets. The Chainlink node provides us with a piece of middleware that gets our full suite of APIs blockchain-enabled, allowing us to supply our data directly into many of the leading blockchains, as well as cryptographically sign our data to verify its integrity as being directly from Bookmaker Ratings. Having access to Bookmaker Ratings’s high-quality, digitally signed data on the blockchain allows smart contract developers to provide users with higher degrees of trust and reliability in the automated settlement of various sports markets.
The initial focus of our Chainlink node is supplying a wide range of sports odds and match results on-chain in regards to football (soccer), ice hockey, basketball, as well as many more individual and team sports across different regions and leagues. With the sports betting industry increasingly embracing blockchain-based smart contracts, the Bookmaker Ratings’s Chainlink node will become uniquely positioned to support these next-generation sports markets.To learn more about the dxFeed Chainlink node and how to access our APIs on-chain, visit the developer documentation.
Using Chainlink as a Gateway to Blockchain Sports Markets
Bookmaker Ratings is the largest sports betting media in Russia and Eastern Europe, with over 6 million active monthly users from Russia, Ukraine, Bulgaria, Kazakhstan, and other countries from the region. It offers a wide range of sports betting products and content that make the game a great experience. When including our sports data and sports-related widely quoted content, Bookmaker Ratings has over 100 million audience outreach. This high demand for sports odds and results is derived from both our highly accurate betting odds and insights, as well as odds comparison and odds history products. Our rapid-response updates for a wide variety of matches allow users see game result odds changes in real-time as well as analyse the odds movements to place smarter bets.
As prediction markets and betting platforms continue to grow in adoption, we’re committed to using our API data to support this new demand, ultimately giving rise to transparent and censorship-resistant fantasy sports games, betting dApps, prediction markets, sports NFTs, and much more. All these smart contract applications need off-chain sports data or odds to function, whether it’s to determine outcomes, trigger payouts, or service ongoing odds-making. They can even power more exotic use cases like sport’s players and teams represented on-chain as NFTs, which dynamically change in composition and value based on Bookmaker Ratings’s data.
However, smart contracts do not have native access to data from systems existing outside their native blockchain, meaning they have no built-in capability of calling the Bookmaker Ratings API. They require an additional middleware component known as a “blockchain oracle,” which fetches external data on behalf of smart contracts, attests to its accuracy via digital signatures, aggregates it when multiple sources and/or nodes are involved, and submits the data onto the blockchain to then be consumed by a smart contract application.
After doing our due diligence, we found Chainlink to be the clear market leader in oracle solutions, both by being the most widely used oracle network and offering the most extensive set of features for data providers wanting to sell into blockchain markets. Some of Chainlink’s unique features include:
- Data Integrity – Our Chainlink node cryptographically signs every piece of data we supply onto a blockchain, ensuring users can prove it came from our API without tampering.
- Blockchain Agnostic – Our Chainlink node can provide data to any blockchain network, creating a single, futureproof gateway for supporting all current and future blockchain platforms.
- Large Market – The Chainlink Network is the most widely used oracle solution in the blockchain industry, presenting us with the largest accessible market of potential users that are already familiar with and rely upon Chainlink oracles.
- Secure Software – Chainlink nodes operate using thoroughly audited, open-source software that already secures billions of dollars in value, meaning it’s a proven in-production software for triggering the movement of high-value markets.
We see joining the Chainlink Network as a strategic investment into the fast growing smart contract economy, particularly to cater to the sports betting and NFT industry that’s emerging. We’re confident that our participation as a well-established data provider will bring more maturity to these decentralized sport markets, as developers and users can feel secure knowing that the data feeds being used to trigger settlements are of the highest quality and consistently up-to-date.
Bookmaker Ratings Founder Paruyr Shahbazyan, commented on the integration, stating “Today, as a part of our social responsibility, we resolve disputes between players and bookmakers. Over the years we have processed over 90 000 disputes and have returned to players over 6 million USD. This indicates the clear problem of trust between players and operators. We’re taking a deliberate step into a new vertical by running a Chainlink node. By supplying the Blockchain industry and developers with our data, we anticipate that new decentralized betting Dapp’s, prediction market applications, and NFT products will be built, thus setting the landscape for trustless betting. This will solve the problem of mistrust between the players and bookmakers once and for all. This step will also extend our existing data infrastructure into an entire new set of sports markets, enabling us to directly support and grow alongside these next-generation applications and products.”
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain. link, subscribe to the Chainlink newsletter and follow @chainlink on Twitter.
About Bookmaker Ratings
Bookmaker Ratings is the space for sports fans and sports bettors. We implement a customer-centric approach and provide the whole spectrum of products like odds comparisons, tips, and match insights, results and statistics, exclusive bonus offers, and bookmaker reviews. Along with great content, Bookmaker Ratings turns betting into an enjoyable experience. We have also returned to players over 6 million USD acting as an arbiter and doing dispute resolution between players and operators. Bookmaker Ratings is a member of Skolkovo Innovation Center and releases an exclusive yearly industry report. It is also the organizer of BR AWARDS annual international prize ceremony where the best bookmakers are nominated for their excellence.