Gamewagrs

GameWagrs.com revolutionizes the intersection of video game e-sports and wagering. Our platform and app utilize real-time API data from game developers, enabling players to wager on their everyday gaming activities. We offer unique features such as a parlay system, where users set profitable, in-game goals and achievements for themselves, enhancing both engagement and earning potential. Problem Addressed: Gamers often face challenges when engaging in wagers due to the lack of a trusted mechanism to verify performances, leading to payment disputes. GameWagrs.com provides a secure platform where players can confidently compete, knowing they will receive their winnings. Our Personal Parlay feature also addresses the “burn-out” many gamers experience, offering a profitable alternative to in-game currencies. Our Solution: We provide them with real incentive to keep playing the games they love, because they are able to make real profits (if they're good enough). GameWagrs secures contestants' funds in an escrow account and uses real-time game data from our desktop app/API to determine winners. This approach simplifies the wagering process, making it secure, transparent, and user-friendly. Key Features: Micro-Tournaments: Frequent, skill-based competitions for real money. Personal Parlay: Challenge yourself to beat personal records for additional profits. Real-Time Data: Ensures transparency and trust in determining winners. User Engagement and Growth: Since launching, we have attracted over 100 active users and gained 1,400+ organic social media followers. Our weekly live streams challenge viewers and build community engagement. With a planned mobile app launch on iOS and Android, we are set to increase our reach. Revenue Model: We charge a nominal fee for each wager made on our platform, in addition the the parlays each user is unsuccessful in achieving. For example, if a user is unsuccessful in meeting their requirement of 5 goals in a game, we retain their 'buy-in' amount when the submitted the parlay. All backed by Paypal and Venmo, ensuring sustainable revenue while providing users with a fair and transparent gaming experience. Market Opportunity: The esports market is expected to grow to $1.62 billion by 2024, with an annual growth rate of 11.1%. The online gambling market is also booming, projected to reach $127.3 billion by 2027, growing at a CAGR of 11.5%. By expanding into new popular games and gaming platforms like Xbox and PlayStation, GameWagrs aims to capture a significant market share. Our strategy includes broadening game offerings and enhancing user experience to tap into these lucrative markets. Competitive Advantage: GameWagrs leverages real-time data validation, eliminating the need for contestant live streams and ensuring a seamless user experience. This accessibility prevents classification as gambling and allows for broader marketing efforts. Team: Andrew L (CEO): Visionary leader driving the platform's growth Kevan (COO): Operational expertise ensuring smooth execution Nico (CMO): Esports expert leading our marketing efforts Andrew H (CTO): Technical mastermind behind our innovative platform Alejo (Mobile Dev): Leading the development of our upcoming mobile app Future States: GameWagrs envisions deep integrations directly into the most popular triple-A games across all platforms, offering our services to any gamer who wants to profit from their skill and daily activity. We aim to empower all gamers to make real profits from their favorite games without the need to become a streamer or "go pro." By providing a transparent, skill-based gaming environment, we seek to shift market perception, gain industry recognition, increase engagement, expand our market presence, and diversify the gaming ecosystem.

Domain

gamewagrs.com

Country

United States

Industry

Contests

Employees

1-10

Last Funding

$0.0M

Founded

2022