Some are trying to develop agents that place bets rather than simply give tips. However, the market is still in its early stages. Tom Fleetham was the former head of business for Zilliqa, a platform that tested an AI gambling agent named Ava. It focused on selecting horse race winners. “She had good analysis, good results,” He says. “Where it got hard was actually trying to place the bets.”
Fleethem states that it was unable to get Ava, a virtual assistant from the company’s team, to bet reliably and in a timely manner using cryptocurrency wallets. “It took forever,” Fleetham says “We gave up.”
YouTube tutorials are awash with how to build and manage betting agents. These gambling bots can make bets for humans. But again, these services do not appear to be minting new millionaires—or even thousandaires. Siraj Raval promotes a WagerGPT side project on his YouTube channel. Raval makes videos that show how you can make money by using AI. He charges $199 for access to the WagerGPT tool, which he claims is capable of placing wagers. “As of eight months ago, I implemented a feature to let WagerGPT place bets. Now it’s doing that for the users full-time,” Raval claims. Raval says that WagerGPT has scanned over 40 sportsbooks. “spots all sorts of variables that humans can’t.” Ravel invited WIRED, claiming that the Telegram group is full of WagerGPT customers. But the channel has been largely dormant, with most recent messages being questions regarding the current state of the WagerGPT service. “It’s completely dead,” Pete Sanchez, a participant in the case, claims that he was involved. “Waste of money.”
Since AI agents are unable to control traditional bank accounts they tend to focus their fully automated products on betting websites that accept cryptocurrency. Many agents have the ability and willingness operate crypto wallets. Coinbase AgentKit is one of the most popular mainstream projects that allows AI agents to perform all kinds of transactions for humans. The project imagines a future in which AI agents are able to execute financial transactions from buying airline tickets, trading cryptocurrency, and yes, even placing sports bets. Lincoln Murr is an AI Product Manager at Coinbase. He says many of AgentKit’s initial use cases are still relevant today. “were speculative in nature” “I’m not sure what he saw as being particularly successful.” “How profitable these agents truly are, I don’t know,” He says. “Sire” is the project he has been most focused on. This project is described as “an agentic sports-betting hedge fund” The DAO is a community that uses blockchain-based contracts. (In crypto terms, DAO means decentralized autonomous organization—a member-owned community that uses blockchain-based contracts). “Those types of things are the direction we’re heading,” Murr claims
Sire, which was formerly known as DraiftKing but had to change its name for legal reasons, is currently undergoing a relaunch. Max Sebti is the CEO of Score’s parent company. The company says it uses both public and private information. “computer vision tech that is watching the games” Get the latest information to make winning wagers. Score’s complex business model combines cryptography and gambling. In the future, Score plans to enable anyone to deposit USD in a wallet which will later be converted to stablecoin. The plan then is for Sire’s AI to pool money from customers, and bet on sportsbooks and prediction markets which accept crypto including Polymarket. Sebti claims that the men will then redistribute their winnings to the community. Septi explains the initiative. “a very steady, hedge-fund like product.” To withdraw winnings from a wallet there is a “performance fee” that must be paid to Sire—one that can be reduced if the customer purchases the company’s crypto token. This month, the service will be released from beta.
