Argues Azuro is the best token exposure to prediction markets: $35M market cap and $217M FDV versus over $4M revenue and 25+ frontends. Sports betting is less seasonal than Polymarket's election volume, and election markets are coming to Azuro.
Key claims
AZUR market cap $35M, FDV $217M
Azuro revenue above $4M with 25+ live frontends
Azuro and Polymarket together exceed $1B cumulative volume
Amid the presidential elections is the US this year, everyone is talking about @Polymarket.
100s of millions in prediction volume, 1000s of users and this is just the beginning of the hype.
To make money, you have two options:
1️⃣ Place the right bets
2️⃣ Trade the narrative
Option #2 is the focus of this post.
Stay with me anon. 👇
While @Polymarket doesn't have a token yet, there is one undervalued play in the market you can get exposure to.
Meet @azuroprotocol
This is not your average prediction market app.
@azuroprotocol is a unique prediction market infra layer that allows frontends to build on top of it, hence providing the base for many applications.
It gets even better though. @Polymarket's volume arises almost exclusively from the hype around the presidential election.
@azuroprotocol on the other hand has a different core business.
Sports betting.
It's much less seasonal than @Polymarket's main focus and overall a larger total addressable market.
$AZUR is currently sitting at only $35M market cap and a FDV of $217M.
Considering that @azuroprotocol has generated >$4M in revenue already and has more than 25 frontend applications live, this seems like a conservative valuation.
Aside the hype around the prediction market narrative, @azuroprotocol has a bunch of fundamental arguments on its side.
Cumulatively, Azuro and Polymarket have already generated > $1B in total volume.
Note: The lines correspond to the right axis, while the bars are measured on the left of the chart.
Azuro was dominating the game until the election volume landed on Polymarket recently.
As the summer break across major sports leagues comes to an end in the next weeks and months, Azuro will organically ramp up on betting volume again too.
But the elections...
No worries anon.
Very soon, you will also be able to bet on the 2024 election madness on @azuroprotocol frontends too.
Now you do the maths anon.
This is probably the best exposure to the prediction market narrative you can get.
You're still early.
NFA but DYOR anon.
Resources below ⤵️
Looking to DYOR?
Check my deep dive on @azuroprotocol and the multi-billion $$$ sports betting opportunity 👇
x.com/zerokn0wledge_/status/1780989813333836201
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.
