{"id":6243,"date":"2025-07-30T11:13:00","date_gmt":"2025-07-30T11:13:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-betting-pools-influence-the-future-of-ethereum-livestakes-is-about-to-find-out\/"},"modified":"2025-07-30T11:13:06","modified_gmt":"2025-07-30T11:13:06","slug":"can-betting-pools-influence-the-future-of-ethereum-livestakes-is-about-to-find-out","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-betting-pools-influence-the-future-of-ethereum-livestakes-is-about-to-find-out\/","title":{"rendered":"Can betting pools influence the future of Ethereum? Livestakes is about to find out"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Born out of ETHGlobal, Livestakes is an emerging platform that lets users bet on hackathon winners. Will betting platforms grow to shape the future of Ethereum?<\/p>\n<div id=\"cn-block-summary-block_bd014c26f5ad9c3b571305b4a9d0a4b7\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Livestakes promises a prediction market that lets traders bet on hackathon contestants while also using the bets to form a separate prize pool for the winner.<\/li>\n<li>Prediction markets like Livestakes could potentially influence the future of Ethereum by placing more power in the hands of the community.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On the ETHGlobal 2025 stage in early July, the project was first introduced to the public as a betting platform that can \u201cmake hackathon winners make more money.\u201d <\/p>\n<p>Livestakes\u2019 Content Strategist, known simply as Ziz, explained how the platform funnels in the money from bettors and creates a separate prize pool from the two established in the hackathon: the global main prize and the side track pool.<\/p>\n<p>\u201cWhat we are enabling is a completely separate pool. Let\u2019s say everyone who\u2019s betting, it reaches up to $100,000. Now we have an extra $100,000 allocated for people who are winning the hackathon,\u201d said Ziz in his introduction speech.<\/p>\n<p>In the end, the prize pool is distributed at an 80-20 ratio, with 80% divided equally between the winning bettors, while 20% goes to the hackathon winner the people were betting on. In theory, it should be able to provide a feedback loop for funding future projects born out of the hectic chaos of Ether\u2019s hackathons.<\/p>\n<p>Livestakes not only functions as a betting marketplace for traders with an appetite for placing bets, it also promises funding for would-be developers trying to find their footing. Established by a team of three, the platform\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/livestakes.fun\/\" target=\"_blank\">site<\/a> can be found on Livestakes.fun.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14401215\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">The Livestakes\u2019 main page interface | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/livestakes.fun\/\" target=\"_blank\">Livestakes.fun<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The project aims to support developers by providing funding through betting pools, similar to existing betting markets like Polymarket and Kalshi. But it adds an element of exposure, as it provides traders with short vertical videos that explain who the developers are and what their projects are about.<\/p>\n<p>\u201cIt\u2019s all this hype and energy craze that you see in meme markets, but now we have it at hackathons. So more money is coming here, more attention,\u201d continued Ziz.<\/p>\n<h2 class=\"wp-block-heading\">Prediction markets may shape the future of ETH<\/h2>\n<p>Platforms like Livestakes suggest a future where prediction markets are more than just side attractions, they become active participants in Ethereum\u2019s innovation economy.<\/p>\n<p>By letting the crowd vote with their wallets, Livestakes builds financial momentum around developer teams before they even win official prizes, potentially turning them into community favorites and attracting further support for their projects in the near-future.<\/p>\n<p>Earlier in June, Ethereum\u2019s own co-founder Vitalik Buterin was rumored to take part in an upcoming funding round for Polymarket that could see the prediction market receiving $200 million. This is not surprising, considering Buterin was one of the main investors in the market\u2019s Series B funding round back in 2024, which yielded $70 million.<\/p>\n<p>In the spirit of Ethereum\u2019s own decentralization model, prediction markets like Livestakes could put more power in the hands of the community. As they are granted the ability to fund the projects they believe in. Ethereum\u2019s future may be shaped less by centralized planning and more by coordinated conviction.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Born out of ETHGlobal, Livestakes is an emerging platform that lets users bet on hackathon winners. Will betting platforms grow to shape the future of Ethereum? Summary Livestakes promises a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6243"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6243\/revisions"}],"predecessor-version":[{"id":6244,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6243\/revisions\/6244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/4890"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}