Chiliz sets foot in prediction markets with Azuro partnership

Developers using Azuro can now connect their apps to Chiliz Chain

Prediction layer solutions provider Azuro and sports entertainment platform Chiliz have joined forces in a partnership meant to boost the adoption of onchain sports prediction markets.

The collaboration will strive to make it easier for sports fans across the globe to interact with their favorite sports teams.

Chiliz is a comprehensive sports entertainment platform. It offers blockchain solutions enhancing fan engagement in the sports realm. Through its flagship platform, Socios.com, Chiliz collaborates with renowned soccer clubs such as FC Barcelona, Inter Milan, and Juventus and facilitates over 80 sport-related fan tokens, which are available to more than two million users.

The collaboration with Azuro has the goal of expanding Chiliz footprint in the sports realm by tapping into prediction markets as well.

Following the agreement between the two companies, Chiliz will integrate Azuro Protocol into its ecosystem potentially reaching applications focused on sports prediction markets. All developers that are using the Azuro protocol can now connect their projects with the Chiliz Chain and thus facilitate transactions with Chiliz’ native utility token $CHZ.

Azuro is a leading prediction markets protocol running on platforms like Gnosis and Polygon. It is already collaborating with 25 applications catering to transaction volumes of over $320m. Azuro offers modular tooling, oracle, and liquidity solutions, including a unique infrastructure layer for onchain predictions. Those features allow developers to engage users and monetize their projects quickly and without any upfront costs.  

Alexandre Dreyfus, CEO of Chiliz and Socios.com, commented on the collaboration:

“Integrating with Azuro marks a pivotal move for Chiliz Chain to capitalize on the rapidly expanding onchain prediction market. Leveraging Azuro’s advanced infrastructure, we are empowering developers to innovate within the sports and gaming sectors.”

What Azuro and Chiliz plan for the future is a co-sponsored grants program, which will help encourage developers to use the joint Chiliz and Azuro infrastructure for their applications. In addition, the program will boost enhanced adoption of onchain prediction markets.

In other recent news, a brand-new partnership between OKX and Chiliz Chain introduced spot trading for $CHZ tokens on the OKX exchange. The collaboration aims to bolster sports token integration by supporting the incorporation of $CHZ 2.0 mainnet.

In addition, OKX became a validator on the Chiliz Chain joining the likes of soccer club Paris Saint-Germain, which became a Chiliz Chain validator back in February.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

Similar News