Connect with us

Hi, what are you looking for?


Chilliz and Azuro Partner to Tap Into Growing Onchain Sports Prediction Market

Chiliz, the owner of the blockchain sports rewards platform, and Azuro, a liquidity layer for onchain predictions, have partnered to grow the onchain sport prediction market.

In an announcement, the firms said the collaboration will involve Chiliz Chain integrating the Azuro Protocol, and adding existing supported chains such as Polygon and Gnosis Chain.

This will allow Chiliz to expand into the sports-focused prediction applications market and any existing builders using the Azuro infrastructure will be able to connect their apps to the Chiliz Chain. This in turn will allow users to place transactions with the Chiliz blockchain native token CHZ.

“Integrating with Azuro marks a pivotal move for Chiliz Chain to capitalize on the rapidly expanding onchain prediction market,” said Alexandre Dreyfus, CEO of Chiliz and, a press release. “Leveraging Azuro’s advanced infrastructure, we’re empowering developers to innovate within the sports and gaming sectors,” adds Dreyfus.

In April, Azuro, a decentralized autonomous organization (DAO) building a protocol for blockchain-based predictions, raised $11 million with investment from SevenX Ventures and Arrington Capital. Since launching, Azuro claims it has become the fastest-growing protocol on Gnosis Chain and the number one revenue-generating protocol on Polygon.

Azuro, Chiliz to Launch Co-Sponsored Grants Program

In the near future, Azuro and Chiliz said they will be launching a co-sponsored grants program aimed at incentivizing app developers to build on their combined infrastructure. In return the firms will award bounties for the first apps that push further adoption of onchain prediction markets, and meet their goal for setting new transparency and fairness standards.

What is Chilliz?

Chiliz was developed with the purpose of facilitating the distribution of blockchain-based sports and entertainment services and goods. Fan tokens are a revolutionary new method for users and teams to communicate and participate on Chiliz.

The Chiliz platform allows users to buy exclusive fan tokens from major league teams and popular businesses across the world. Chiliz is currently trading at $0.12 however the Chiliz Token does have an all time high of $0.89. Voting privileges and opportunities for recognition and incentives based on user participation are unlocked for purchasers of Chiliz (CHZ) token.

Chiliz owned hosts over two million users. The firm has partnerships with FC Barcelona, Paris Saint-Germain, Manchester City, Juventus, S.S.C Napoli, Inter Milan, AC Milan, Arsenal, Atlético Madrid, A.S. Roma and the major F1 teams.

The post Chilliz and Azuro Partner to Tap Into Growing Onchain Sports Prediction Market appeared first on Cryptonews.

You May Also Like


Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...


Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...


NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...


The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.

Copyright © 2024