Users bet on the prediction market and receive winnings from other users.

SX is a non-custodial, community-owned sports betting and political prediction market. It is built on SX Network, an EVM-compatible Polygon Edge application blockchain. SX was founded by Andrew Young, Julian Wilson, Jake Hannah, and launched in 2019.

SX tokenholders own and govern the protocol. They currently take all of the total betting fees paid by users (revenue). SX's investors include CMCC Global, Nascent, Sybil Capital, etc.

github

twitter

discord

website

Prediction markets

# SX Earnings Methodology

## 1. Overview

SX earnings represents the net profit of the SX prediction market protocol, calculated as total revenue minus total expenses. This metric measures the protocol's profitability by subtracting token incentives (rewards paid to users) from platform fees collected. The calculation provides insight into SX's financial performance as a prediction market platform operating in the betting segment.

## 2. Data sources

The methodology relies on these primary data sources:
- **SX API scraper data**: Raw revenue and rewards data extracted from SX's prediction market platform API, containing daily aggregated metrics with timestamps, token denominations, and amounts
- **End-of-day token price feeds**: Price data for converting token-denominated incentives to USD values
- **Token metadata**: Information about token decimal places and contract details for accurate amount calculations

## 3. Step-by-step calculation

### Component A: Revenue calculation
- **Purpose**: Captures total platform fees collected by SX prediction market
- **Logic**: Extracts revenue data from the SX API scraper, filtering for valid timestamp and amount records. Revenue represents fees collected from prediction market activities and is classified under the prediction market business line within the betting segment. The chain is marked as 'unknown' since revenue aggregates across multiple chains
- **Key fields**: Uses `timestamp` for daily aggregation, `denomination` as the token address (converted to lowercase), and `revenue` as the fee amount collected

### Component B: Token incentives calculation  
- **Purpose**: Calculates USD value of rewards and incentives paid to platform users
- **Logic**: Extracts rewards data from the same API scraper source. Token amounts are converted to USD using end-of-day price feeds and decimal corrections are applied based on token metadata. The chain is set to 'polygon' for price calculation purposes, though rewards may originate from multiple chains. Data is classified under the same prediction market and betting categories
- **Key fields**: Uses `timestamp` for daily periods, `denomination` as the token address, and `rewards` as the token amount paid out, converted to `token_incentives` in USD

### Component C: Expenses calculation
- **Purpose**: Defines total protocol expenses as equal to token incentives paid
- **Logic**: Takes the calculated token incentives from Component B and treats them as the protocol's primary expense category. This assumes that token rewards represent the main operational cost for SX's prediction market platform
- **Key fields**: Renames `token_incentives` to `expenses` while preserving timestamp, chain, and product dimensions

### Final aggregation
- **Combining components**: The earnings calculation subtracts total expenses from total revenue using the `calculate_earnings` macro, which performs a direct subtraction: earnings = revenue - expenses
- **Currency conversion**: Revenue amounts are used as-is from the API (already in the appropriate denomination), while token incentives are converted to USD using end-of-day price feeds and decimal corrections
- **Time aggregation**: All data is aggregated at daily boundaries using the timestamp field, with consistent daily grain across all components  
- **Final calculation**: The final earnings value represents daily net profit, calculated as the difference between fees collected and rewards paid out, processed through standardization macros for schema validation and gap filling with zero values for missing dates. Data is limited to dates through 2024-01-18 due to API adapter constraints.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Net profit (also profits, net income, profitability) — revenue remaining after subtracting expenses.

SXSX

Archived

Earnings

Earnings

Competitive landscape