Enter the Arena!
The Arena DAO aims to be the future of competition by providing a framework for creating and processing all types of competitions like wagers, tournaments, and leagues.
Users can wager their tokens against one another without worrying about the other users not paying up, because the competition escrow will hold funds until either consensus is achieved within the group or the Arena DAO has stepped in to decide a result.
In providing this service, the Arena DAO will take a small tax (adjustable by governance) on competitions to establish itself as a fully-fledged, decentralized business.