In those cases where it is not possible to automate the receipt of the result of dispute, the arbitrator of the dispute is appointed. The arbitrator may be appointed by the parties or an arbitrator provided by the system may be selected.
In this case, it is necessary to clearly describe the terms of the dispute, so that then there will be no disagreement.
If there is any disagreement on the results of the dispute, the user may apply to our Arbitrage System.
- Players agree to place bets with each other for any events.
- Player A create a bet on the platform by completing a form with all bet conditions, selecting the Arbiter, Player B's ID (for sending the invitation).
- The arbitrator accepts the invitation and agrees to become the Arbiter of this bet.
- Player B accept the invitation and agree with bet terms.
- Smart contract is automatically created with the conditions that were specified when filling out the form for creating a bet.
- CBET is automatically transferred from each of the players for the execution of the smart contract.
- At the appointed time there is a game between Player A and Player B.
- After the game, Arbiter receives data from the Players about the results of the event. Arbiter checks the data.
- Transfer of event data for smart-contract execution.
- Distribution of funds, according to the concluded smart contract.
Crazybet.io - ICO July23-Aug10
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