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What is a challenge Lot? Can I invite a friend?

A challenge lot is simply a 1 v 1 wager between two users. This can be a public wager (where you may create a lot that any other user on the platform can join using the explore lots page) or a private wager (where you invite a specific wallet address to take the opposing side of your wager).
To invite someone to a private challenge lot, head to the lot details page, click on the invite button and paste your opponent's wallet address in the given form. Then simply share the link or lot ID with your opponent and all they need to do is deposit the specific amount to take the opposite side of the wager.