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Smart contract protocol proposal (#149)
* added proposal * Added desc * chnaged for tests * chnaged for tests2 * smart-contract-proposal * Delete cache files --------- Co-authored-by: Sofia Bobadilla <62437209+sofiabobadilla@users.noreply.github.com>
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# Assignment Proposal
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## Title
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**Social Betting : On-Chain betting for small groups**
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## Names and KTH ID
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- Singvalliyappa Velayutham ([sinvel@kth.se](mailto:sinvel@kth.se))
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## Deadline
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**Week 7**
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## Category
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**Smart Contract protocol**
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## Description
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This project introduces a decentralized social betting platform designed for small groups of friends or communities. Users can create custom bets as smart contracts, lock funds on-chain, and rely on smart contracts to handle outcomes and payouts transparently. The payouts will be based on the pari-mutuel system where the payout depends on how risky the bets are . The creator of the bet will be the trusted oracle. Once the outcome has been known from the owner , the bet stops and the payout is distributed to the participants, the workflow is trustless, permissionless, and fully verifiable on the blockchain.
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Relevance
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While there are many betting platforms , this projects focuses on creating a betting platform where users can easily create bets on chain and make their friends and family pariticipate either on the testnet or on the mainnet .

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