Chezabet Kenya Is Active Again; Launches Prediction Market
The site, which stopped working in Kenya a few months ago, is now active again, describing itself as "Africa's Premier Prediction Market."
The prediction market offering allows users to predict outcomes across politics, entertainment, technology, business, agriculture, finance, weather and sports.
How Chezabet's Prediction Markets Work
Chezabet's prediction markets are built around simple YES/NO questions about future events. Each outcome is assigned a price between KSh 0 and KSh 10, reflecting the market's estimated probability of that outcome.
For example, a YES share priced at KSh 6.50 suggests a 65% probability of the event happening, while a NO share at KSh 3.50 represents a 35% probability.
When an event concludes, Chezabet resolves the market as either YES or NO, with winning shares automatically paying KSh 10 each, and losing shares receiving nothing.
Users can potentially make money by holding shares until the market is resolved or trading them before resolution by buying low and selling high.
Traditional Sports Betting Features Remain
Despite its new prediction market offering, Chezabet retains several conventional sports betting elements. Users can bet on a wide variety of sports, and benefit from other exciting betting features on the site.
New customers can claim a 100% welcome bonus, up to a maximum of KSh. 5,000. The site also has an attractive KSh. 10,000,000 jackpot, while punters can also make use of the bet builder feature to get higher odds from single matches.
