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Expanding its offering to the NCAA, LEVR Bet Grows Its Leveraged Sports Betting Product Suite for Its 36,000 Active Bettors
LEVR Bet, the world’s first decentralized leveraged sports book exchange, today, unveils March Madness on Monad, an onchain betting competition designed to maximize user engagement and capitalize on the basketball collegiate fervor. LEVR Bet creates a competitive and fair experience for all participants by implementing a structured betting system and dynamic leaderboards.
LEVR Bet’s March Madness on Monad will allow users to place bets on every NCAA tournament game using PSP (Pre Season Points – no monetary value), ensuring fair participation by setting an equal PSP allocation per game. A leaderboard will track user betting performance with rewards available for top participants. The March Madness Basketball tournament begins March 18 with the First Four play-in games and runs each weekend until the Final Four and Championship game on April 5 and 7.
“We’re excited to expand our product offering to include the NCAA––March Madness is one of the wildest and most unpredictable sporting events every year,” says Mr. Blue, Founder of LEVR Bet. “By creating dynamic leaderboards onMonad, we’ll reward the best bettors across the chain at the end of the month-long competition.”
“LEVR Bet is showing great traction and is quickly emerging as a top app in the Monad ecosystem,” says Keone Hon, Co-Founder and GM at the Monad Foundation. “The March Madness basketball tournament is a great opportunity for users to participate in the excitement growing on testnet.”
March Madness on Monad Tournament Structure & Mechanics
Format: Betting on Every March Madness Game
- Users can place bets on all NCAA March Madness tournament games.
- Each participant will have a fixed amount of PSP per game (e.g., 500 PSP per game) to maintain fairness.
- PSP allocation prevents advantages from prior PSP accumulation, ensuring equal competition.
- Only bets placed on Monad testnet will contribute to the leaderboard. PNL-Based Scoring System
- Leaderboard rankings will be determined by Profit & Loss (PNL) from tournament bets.
- Users are not required to bet on every game but are encouraged to make strategic bets to maximize their standing.
Prize Distribution
- At the conclusion of March Madness on Monad, prizes will be distributed to top-ranking users on the leaderboard.
- Prize pools will be structured by ranking, ensuring continuous engagement throughout the tournament.
LEVR Bet has increasingly grown since debuting play credit bets for Super Bowl 2025. LEVR Bet has been a standout app on Monad testnet with over 36,000 active bettors. Monad has also seen over 8 million active wallets since launching its testnet on 19 February 2025.
Join the madness beginning March 18. For more information, go to
About LEVR Bet
LEVR is the world’s first Leveraged Sports Book Exchange, integrating the best features of sports betting with on-chain perpetual trading, aimed at delivering an unmatched Decentralized Finance experience that is a first in both sectors. LEVR is set to transform the sports betting landscape by introducing an unprecedented feature set of leveraged bets, improved odds, and in-game orderbook-based exchange.
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