Slips Taps Generative AI to Automate Peer-to-Peer Prediction Markets
The social peer-to-peer betting app Slips is launching a new feature: AI-Generated Prediction Markets. This new offering uses advanced large language models to automatically create and settle wagers on a wide range of topics, from sports and politics to pop culture trends.
How It Works: An AI-Powered Marketplace
The core of the new offering is a system that leverages generative AI to manage the entire lifecycle of a prediction market. The technology is designed to:
- Automatically generate new betting markets based on trending topics and real-time events.
- Audit and resolve the outcomes of these markets in real time, ensuring fairness and transparency.
- Scale the platform’s offerings across a virtually limitless range of categories, from sports and entertainment to finance and global events.
“Prediction markets are the natural evolution of peer-to-peer gaming, and AI is the engine that makes it limitless,” said Jess Richman, Founder & CEO of Slips.
‘Limitless’ Peer-to-Peer Gaming
The new feature is a key part of Slips’ broader strategy to create a more social and engaging real-money gaming experience. The company’s platform is built on a peer-to-peer model, where users bet against each other rather than “the house,” a structure that removes the inherent conflict of interest found in traditional sportsbooks.
“By removing the house, empowering our users, and tapping into generative AI, we’re creating the world’s most dynamic, scalable, and social real-money betting experience,” Richman stated.
The company has already seen significant traction with its social-first approach, which includes features like leaderboards and in-app messaging. Slips reports that its more than 150,000 users have won over $6 million in winnings since its launch.
A New Front in the ‘Prediction Wars’
The launch of AI-generated markets is a strategic move to differentiate Slips in the increasingly crowded “prediction wars.” While other companies are focused on a more financially-driven, federally regulated model for prediction markets, Slips is carving out its own niche with a social, P2P, and now AI-automated approach.
The platform’s ability to create markets on “virtually anything,” from election results to box office numbers, positions it as a more versatile and culturally resonant platform. The company has also announced plans to extend these AI-powered markets into more traditional financial areas, including futures and commodities.
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