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    Home»Crypto News»AI Sports activities Betting Agent Goals to Disrupt Tipster Trade Utilizing Crypto – Decrypt
    AI Sports activities Betting Agent Goals to Disrupt Tipster Trade Utilizing Crypto – Decrypt
    Crypto News

    AI Sports activities Betting Agent Goals to Disrupt Tipster Trade Utilizing Crypto – Decrypt

    By Crypto EditorMay 14, 2025No Comments5 Mins Read
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    AI Sports activities Betting Agent Goals to Disrupt Tipster Trade Utilizing Crypto – Decrypt

    Sports activities tipsters, also called skilled handicappers or touts, promote their skilled betting picks to hopeful punters, making a $148.8 billion business, in line with Enterprise Analysis Insights. However most of the time, and regardless of such massive cash concerned, the business is affected by a scarcity of transparency for consumers.

    AI agent Billy Bets is trying to flip the enterprise mannequin on its head by placing the whole lot on-chain, permitting customers to know precisely how a lot this agentic tipster is successful and shedding—and dive into its thought course of. The venture has already proven sufficient promise for some notable buyers: Billy Bets simply closed a $1 million pre-seed funding spherical with participation from Coinbase Ventures, basketball participant Serge Ibaka, and CMS Holdings. 

    (Disclosure: The CEO and president of Decrypt mum or dad firm DASTAN, Loxley Fernandes and Farokh Sarmad, additionally participated on this funding spherical.)

    Billy at the moment has its personal social media profile, Solana token, and a portfolio value roughly $48,500, which it’s playing by way of numerous crypto-based sports activities books and prediction markets.

    Later this week, the Billy Terminal is ready to enter open beta permitting customers to extra simply observe the agent’s picks. And, additional down the road, Billy will be capable of make investments from a person’s self-custody pockets.

    The AI agent makes use of a basket of fine-tuned synthetic intelligence fashions. Billy Bets CEO and co-founder Joseph O’Rourke informed Decrypt that, amongst different fashions, the OpenAI SDK is getting used for some components of analysis and reminiscence embeddings, a spread of Claude fashions for its reasoning, and Grok for its persona. This agent then carries out “customized deep analysis” primarily based on a framework established by the crew behind Billy, which is being tweaked over time.

    In doing this, Billy has already had a couple of notable wins, reminiscent of appropriately selecting the successful horse for the Kentucky Derby. The agent additionally made it to the ultimate eight in a March Insanity school basketball event, and appropriately chosen the winner of the golf Masters Event.

    A part of Billy’s edge on conventional tipsters is that the agent can view each wager positioned on an occasion by way of the transparency of blockchain networks, which depend on public ledgers that anybody can view and confirm for themselves.

    “Billy can truly watch and synthesize each single wager coming into these particular exchanges. Billy’s received a feed that’s actually watching each wager are available,” O’Rourke stated. “He can see all that information and analyze it in a method that you simply undoubtedly cannot within the conventional sports activities guide. It would be like having a login to Draft Kings again finish, proper? Which clearly shouldn’t be attainable.”

    Because of this the agent should buy and promote components of a place (or all the place) as the chances of an consequence fluctuates and the agent sees worth elsewhere. That’s, maybe clearly, not out there with conventional sportsbooks that often solely provide the person an choice to money out the total pay slip.

    However Billy does not win each single wager. Whereas, on the time of writing, Billy has an 82% return on funding on his 5 golf bets, the agent additionally has an ROI of -6% on NBA video games and -4% on MLB. That’s the place it’s positioned most of its capital, so Billy’s complete portfolio is down round -3.71%.

    For comparability, in line with BoydBets, the top-level skilled sports activities handicappers solely high out at an ROI of two.29%.

    “One more reason for betting on-chain: there’s complete transparency,” O’Rourke informed Decrypt. “Each single wager we’ve made, win or loss, good or unhealthy, is on-chain. So you understand what we’re doing is legit. If we’re successful there’s proof. If we’re shedding, there’s proof. That doesn’t exist throughout all the choose promoting business—it’s principally a fraudulent recreation.”

    “Individuals are doctoring data and promoting you issues that are not correct or tracked,” he stated. “Our actual audience is anyone who’s ever subscribed to a handicapper or purchased picks.”

    On the Billy Terminal, which is getting into open beta later this week, customers can view the bot’s win price total or give attention to particular sports activities. 

    By means of the buying and selling dashboard, customers can view the entire agent’s picks rated on a conviction rating. Then, they’ll chat to Billy in regards to the choose, to know its reasoning, and can be capable of place bets by way of numerous completely different on-chain sports activities books and prediction markets, together with Polymarket, Myriad Markets, and Additional time Markets. The crew can also be trying so as to add a “one click on wager” characteristic. (Disclosure, once more: Myriad is a product of DASTAN, Decrypt’s mum or dad firm.)

    On the venture’s roadmap, holders of the BILLY Solana token, which is at the moment sitting at a $7.4 million market cap, will be capable of acquire entry to an automatic betting bot. 

    “You’ll fund your individual self-custody pockets however Billy would be capable of execute his methods in your behalf throughout these sports activities books on-chain,” O’Rourke defined. 

    O’Rourke believes that his venture is tackling points that he’s found via his decades-long betting profession. With sports activities tipsters, their course of is opaque, laborious, and even when issues go to plan, he claims, conventional sports activities books will ban you.

    “I am actually restricted at nearly each sports activities guide in New Jersey, as a result of they ban winners. And once more, it is a drawback. That’s what truly took me on-chain to start with,” he informed Decrypt. “Billy solves that by permitting you to execute on-chain in these permissionless locations.”

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