Overtime, an Onchain Sportsbook Platform, Has Formally Integrated Its Parent Protocol, Thales

Overtime, an onchain sportsbook platform, has formally integrated its parent protocol, Thales, under the Overtime brand.

Willemstad, Curaçao, April 2nd, 2025, Chainwire

Overtime, the onchain sportsbook platform, has completed the integration of its parent protocol, Thales, into the Overtime brand. This consolidation introduces a unified identity for the protocol and coincides with the launch of a new native token, $OVER. As part of the transition, the project has also unveiled a new primary domain and implemented full Account Abstraction integration to enhance the platform’s user experience.

Overtime is a fully onchain sportsbook that offers functionality comparable to traditional offchain platforms. Built on the Ethereum network, the protocol prioritizes transparency, security, and immutability. Overtime's operational history includes several years of development, several seasonal cycles of onchain betting, and the generation of several million dollars in total value locked.

Users can access the new Overtime domain here: https://www.overtime.io/

A Decentralized Alternative to Traditional Sports Betting

Overtime operates as a decentralized, permissionless sportsbook platform. Users can seamlessly access Overtime with a simple connection and begin participating without needing to pass any KYC or AML procedures. This stands in contrast to traditional sportsbooks, which impose significant betting limits, place users on waitlists, or apply biases that can lead to arbitrary bans or withheld payouts.

Since its inception, Overtime has organically become the primary driver of Thales DAO growth. In recognition of this development, the DAO’s community has unanimously approved (via Thales Improvement Proposal 238) the full merger of Thales DAO to the branding of Overtime.

Overtime is introducing a new concept: Overtime Accounts—onchain smart accounts designed to abstract the complexities of the wallet and EVM network from the user.

Overtime Accounts use Particle Network for the seamless creation of wallets via Social Logins, and Biconomy’s SDK to handle the smart-account functionalities, enabling frictionless transactions through its Paymaster, Bundler, and Session Keys infrastructure.

After creating an Overtime Account, users can deposit supported collateral into their designated address to access Overtime’s onchain sportsbook interface, which supports features such as parlays, system bets, same-game parlays (SGPs), futures, and live betting. Transactions are executed through an account abstraction framework, eliminating the need for manual confirmations or the use of ETH to cover gas fees.

Overtime's user experience has been designed to minimize blockchain-related complexities, allowing users to engage with the platform's sportsbook features without requiring technical knowledge of the underlying blockchain processes. The interface offers a streamlined experience comparable to traditional web applications while maintaining the transparency and self-custody benefits provided by the Ethereum network.

A new Overtime UX is available here: https://www.overtimemarkets.xyz/

The new Overtime DAO token: $OVER

The new $OVER token will have a new total supply of 69.42M, compared to the original 100M of the THALES token. This means that 30.58M THALES tokens will be burned in preparation for the migration to $OVER. All THALES token holders will be able to migrate their $THALES to $OVER token at a 1:1 ratio on the new overtime.io domain. This aligns with the new sustainable tokenomics designed to foster growth and focus it entirely on the $OVER token.

The new $OVER token will serve multiple utilities:

The $OVER token is built using Chainlink’s CCT token standard for easy and secure cross-network bridging using Chainlink’s CCIP. The token will be live and liquid on Optimism, Arbitrum, and Base across prominent decentralized exchanges such as Uniswap, Velodrome, and Aerodrome.

Overtime innovations are a testament to its industry leadership:

A global movement

Overtime represents an onchain revolution, a real-life example of how a traditional industry is improved by going onchain. It is a fair, permissionless, and globally accessible powerhouse that is bound to organically dethrone all classic offchain platforms.

Unlike traditional sportsbooks that may restrict users based on performance, Overtime operates on a fully transparent and onchain infrastructure. The platform's design ensures that participation is governed by smart contracts, removing the possibility of any centralized actor imposing user-specific limitations. Engagement is determined solely by the interaction between users and the underlying liquidity smart contracts.

To date, Overtime has distributed cryptocurrency-based incentives, rewards, and competition payouts amounting to several million dollars in value. Participation in Overtime's promotional campaigns and airdrops is open to all users, subject to eligibility criteria and regional availability.

About Overtime

Overtime is a fully onchain sportsbook designed for accessibility, allowing users to connect via social accounts or EVM-compatible wallets. The platform supports multiple cryptocurrencies and provides fiat onramp options through credit card payments. Overtime replicates the