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SX Network

The world’s highest-volume Web3 sports betting exchange.

Founded
2019
Valuation
—
Regulated
❌ No
Gambity Prestige
Active
SX Network maintaining dominance as top on-chain sports exchange through 2028
72%
— Zaid Al-Rashidi

SX Network (originally launched as SportX) was founded in 2019 by former trading floor professionals Andrew Young, Jake Hannah, and Julian Wilson in Toronto as a peer-to-peer Web3 betting exchange built to eliminate middleman margins and limit restrictions.

Operating as an EVM-compatible Layer-2 application chain leveraging Arbitrum Orbit and Polygon technologies, SX Network provides custom sports orderbook infrastructure, non-custodial smart-contract escrow settlement, and native cross-chain wagering capability.

The ecosystem is powered by the native $SX token, which governs the on-chain treasury, offers trading fee discounts, and enables staking rewards. SX Bet stands as the world's largest on-chain sports betting marketplace, having settled hundreds of millions in peer-to-peer volume.

Timeline
2019
SportX Established
Andrew Young, Jake Hannah, and Julian Wilson launch SportX as a peer-to-peer betting protocol on Ethereum Layer-2.
2021
Rebrand to SX Network
Rebrands to SX Network and launches its sovereign application-specific EVM blockchain for low-cost transactions.
2022
Polygon & HackVC Capital Round
Secures $9.5M in strategic funding backed by Polygon, HackVC, and prominent crypto funds.
2024
Arbitrum Orbit & Cross-Chain Expansion
Migrates application chain architecture onto Arbitrum Orbit technology and rolls out multi-chain betting drops.
2026
Cross-Chain Volume Milestone
Surpasses $1 billion in total cumulative exchange betting volume across sports and prediction markets.
Frequently Asked
SX Network was founded in Toronto by Andrew Young, Jake Hannah, and Julian Wilson.
The native $SX token is used for network governance, staking yield, fee discounts, and treasury allocation.
It utilizes an application-specific EVM Layer-2 blockchain architecture powered by Arbitrum Orbit technology for near-instant block times and low transaction fees.
Yes, all wagers are placed directly from user cryptocurrency wallets and held in audited smart contract escrow until automated settlement.
The core development team operates out of Toronto, Ontario, Canada.
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