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 Revenue Methodology

## 1. Overview

SX revenue represents the total fees collected by the SX prediction market platform. The metric directly equates fees to revenue since SX operates on a fee-based business model where platform revenue comes from charging fees on prediction market activities. This metric answers the question: "How much revenue does SX generate from its prediction market operations?" The calculation uses external API data provided by SX rather than on-chain blockchain events.

## 2. Data sources

The SX revenue calculation relies on a single external data source:

- **SX API metrics**: Revenue data scraped from SX's official API endpoints or metrics dashboards, containing timestamp, token denomination, and revenue amounts for prediction market activities
- **External API integration**: Data is ingested through Token Terminal's scraping infrastructure that periodically fetches revenue metrics directly from SX's reporting systems

## 3. Step-by-step calculation

### Component A: Raw revenue data ingestion
- **Purpose**: Ingests revenue data from SX's external API systems
- **Logic**: Revenue data is extracted from SX's API scraper source with key fields including timestamp, token denomination, and revenue amounts. The data represents revenue generated from prediction market activities on the SX platform. Each record contains a timestamp for when the revenue was generated, the token denomination used for the transaction, and the revenue amount in that token's native units.
- **Key fields**: `timestamp` for the revenue generation time, `denomination` for the token address, `amount` for the revenue value in native token units

### Component B: Data standardization and classification  
- **Purpose**: Standardizes the raw API data into Token Terminal's schema format
- **Logic**: Raw revenue data is processed to conform to standard metrics schema. Timestamps are safely cast to ensure proper time handling. Token addresses are normalized to lowercase format. Business classification fields are added to categorize SX as a prediction market in the betting segment. The chain is set to 'unknown' since this is API-sourced data rather than blockchain-specific events. All revenue amounts are safely cast to ensure numeric precision.
- **Key fields**: `timestamp` converted to standard timestamp format, `chain_id` set to 'unknown', `market_sector_id` set to 'prediction_markets', `business_segment_id` set to 'betting', `token_address` normalized to lowercase

### Component C: Date filtering and fee processing
- **Purpose**: Applies date boundaries and processes revenue as fees
- **Logic**: Revenue data is filtered to only include records after December 7, 2020, establishing the data collection start date. The revenue amounts from the API are treated as fees since SX's business model generates revenue through fees charged on prediction market activities. Data gaps are filled with zeros using a fill strategy to ensure continuous time series data.
- **Key fields**: `fees` field containing the revenue amounts, filtered by timestamp greater than the start date

### Final aggregation
- **Combining components**: Since SX operates on a fee-based revenue model, the fees calculated in the previous step directly become the revenue metric with a 1:1 mapping
- **Currency conversion**: Revenue amounts are processed in their native token denominations as provided by the API, with currency conversion handled by downstream finalization macros
- **Time aggregation**: Data is aggregated at daily grain boundaries as specified in the timestamp_grain field
- **Final calculation**: Revenue equals fees directly, representing the total amount collected by SX from prediction market activities within each time period

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

SXSX

Archived

Revenue

Revenue

Competitive landscape

Chain breakdown