Betting fees – small percentage on each wager placed
Spread margin – like sportsbooks, we earn from odds differences
Token utility – in-app purchases and trading fees using $IBY Poker
Casino rake – a fixed percentage of each bet shared with partner venues
Startup Name: IBY Poker Founder & CTO: Jaemon Jager Lee Industry: Gaming / Sports Betting / AI / Poker
Overview:IBY Poker is the first real-time betting platform allowing users to place bets on live poker tournament players. Our AI-driven engine calculates dynamic odds based on chip stack sizes and historical player performance. Users can buy, sell, or hold their bets like stock options—bringing Wall Street-style trading to the poker table.
Key Features / Revenue Model:
Real-Time Odds: Calculated live from RFID-enabled chips and AI models.
Dynamic Betting: Bettors can cash out or trade positions mid-game.
Token Economy: Native $IBY Poker token used for wagers and payouts.
Marketplaces: Secondary market for buying/selling betting tickets.
Target Markets:
Online poker platforms
Brick-and-mortar casinos
Global sports betting apps
Poker fans and traders worldwide
3%–5% rake on every betting transaction (like a casino takes a cut)
Casino licensing partnerships
Token staking and platform fees
Traction & Milestones:
MVP complete and in demo phase
Pitch deck and prototype ready
Partnerships in discussion with Vegas-based casinos
Funding Needs:
Raising $800K in seed funding
Use of funds: Licensing, development, marketing, and compliance
