Introduction

The underlying foundation that makes Overtime Markets feasible as the worlds first permissionless Sports Markets AMM is the elegant and novel core design of the Thales Protocol, on top of which Overtime is built. The Thales Protocol was born in 2021 as a permissionless, order book based, peer2peer Positional Markets platform deployed on L1 Ethereum and powered by Chainlink price feeds. The idea of Thales was the ability to support tokenized "all-or-nothing" markets around specific Strike Prices of popular crypto assets on specific Maturity Dates. These markets were (and still are) all dedicated smart contracts that supported minting of UP and DOWN ERC20 tokens with sUSD as collateral. Only one of these two types of tokens are able to redeem the entire sUSD collateral from the market contract on market expiry, depending on if the Chainlink reported price of this market's Asset is UP or DOWN from the Strike Price on the Maturity Date. This mechanism is the core foundation of the Thales Protocol. Anyone could use sUSD to mint equal amounts of UP and DOWN ERC20 tokens. The idea was to allow traders to use the integrated 0x order books to Market Make with their UP and DOWN tokens, but Defi users were not used to order books market making and the exorbitant L1 Ethereum gas fees made most actions not economically feasible.

Conclusion

The USD volume of Overtime market positions peaked on August 14th, or the week of August 7th, with a volume of 100.88k USD and 223.163k USD, respectively.

The USD volume of positions placed on Overtime Market over time does not show a consistent increasing trend, as unique bettors do.

Method

I found the second contract with the users' Sell reviews, in the topics of which you can find the names of the teams, etc., but I still used the same Json to match the contracts, but you still need Sport IDs. and you have to enter it manually.

Market Resolution

Each market is resolved by Results Data provided by Chainlink Sports Feeds.

Possible Sports Markets resolutions and the effects include:

• HOME WIN - Each holder of HOME WIN tokens can redeem their tokens for $1.00 per token.
• AWAY WIN - Each holder of AWAY WIN tokens can redeem their tokens for $1.00 per token.
• DRAW - Each holder of DRAW tokens can redeem their tokens for $1.00 per token.
• CANCELLED GAME - Every token is redeemable for the amount per token coinciding with the last reported odds for the game in question.

Cancellation

In case of cancellation, each user can exercise their position and receive sUSD according to the last recorded price per option. For example: if the user is holding 1 HOME option, for which the last price per HOME option is 0.55, the user will receive 0.55 sUSD.

• The three most popular sports to bet on using Overtime are Baseball, Football, and MMA
• In the past 2 weeks there have been 2280 bets on Overtime with a total value of nearly 2 million USD
• Between August 10th and 13th there was a large spike in bet volume on Overtime Markets

The above charts show the most popular game on the Overtime markets website based on total users and volume.

As you can see

Most of the games are soccer.