> ## Documentation Index
> Fetch the complete documentation index at: https://docs.sx.bet/llms.txt
> Use this file to discover all available pages before exploring further.

# What is SX Bet?

> An overview of how SX Bet works as a peer-to-peer prediction market.

SX Bet is a decentralized, peer-to-peer sports prediction market. Instead of betting against a house, users trade directly against each other through an open orderbook — the same model used by financial exchanges, applied to sports markets.

On SX, bettors set their own odds, and the market determines fair prices through competition.

## How it works

<Steps>
  <Step title="Makers post orders">
    A user (the maker) submits an order specifying an outcome, stake amount, and desired odds. This order sits in the orderbook until matched.
  </Step>

  <Step title="Takers fill orders">
    Another user (the taker) submits a fill order against it. Both sides' funds are locked in the Escrow smart contract.
  </Step>

  <Step title="Game settles">
    After the game concludes, a reporter submits the result on-chain. The Escrow contract automatically pays out to the winner.
  </Step>
</Steps>

## Tokens

SX Bet uses **USDC** as the primary wagering token.

## The exchange model

Because SX Bet is a true orderbook exchange — not a traditional sportsbook — the dynamics are different from what most bettors are used to.

<CardGroup cols={2}>
  <Card title="Exchange model" icon="arrows-left-right" href="/developers/exchange-model">
    Understand how makers, takers, and the orderbook interact.
  </Card>

  <Card title="Odds and tokens" icon="percent" href="/developers/odds-and-tokens">
    How SX Bet represents odds and token amounts internally.
  </Card>
</CardGroup>