# Partner Betting Events

Partner betting events enable you to swap assets between the partner events.

Let's take two partner betting events (Event 1 and Event 2) and two fungible tokens (token 1 and token 2)

Event 1 sells tickets to users in exchange for token 1 and event 2 sells tickets to users in exchange for token 2.&#x20;

After a certain period, both betting events end and swap their prize pools, all tokens in the prize pool of event 1 get sent to the prize pool of event 2 and all tokens in the prize pool of event 2 get sent to the prize pool of event 1.

Partner betting events can give birth to some interesting use cases:

* AMM: both token 1 and 2 can be tokens of ongoing DEFI projects and this can be used as an alternative to AMMs that is not subject to [impermanent loss](https://docs.payswap.org/products/payswap-exchange/payswap-pools).&#x20;

Suppose there are 10 ticket buyers in event 1 for a total prize pool of 1000 **token 1's** and 5 ticket buyers in event 2 for a total prize pool of 200 **token 2's**.&#x20;

At the end of both events, each ticket buyer in event 1 will get 200 / 10 = 20 token 2's

each buyer in event 2  will get 1000 / 5 = 200 token 1's.&#x20;

This makes for this partner events one token 2 worth five token 1's &#x20;

* Token 1 can be a newly created token that represents a service/utility like a house/date with a girl/car/etc. and token 2 can be a tFIAT token or a Free Token. The partner betting events will then be used to determine the right price for the service/utility
