There has been a recent rise in cryptocurrency based betting services to meet the demand of a market that prefers its use over fiat currency. While popular, these escrow services follow an unfavorable trend of utilizing cryptocurrency in a centralized manner, creating counterparty risk that did not previously exist. This occurs as users entrust the ownership of their cryptocurrency to services which are susceptible to hacks and leave little recourse to victims of theft. We propose a sports betting exchange which solves this issue by means of decentralization, removing central points of failure to allow the use of cryptocurrency without counterparty risk.