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.
- 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.
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.