BetDEX
BetDEX is a blockchain-based sports betting platform that enables users to place bets on multiple sports using cryptocurrency. Built on the Solana blockchain, the platform operates as a decentralized betting exchange where users can create and match bets peer-to-peer without traditional bookmaker intermediaries, potentially offering better odds and lower fees. The platform leverages blockchain technology for…
Funding snapshot
About
BetDEX is a blockchain-based sports betting platform that enables users to place bets on multiple sports using cryptocurrency. Built on the Solana blockchain, the platform operates as a decentralized betting exchange where users can create and match bets peer-to-peer without traditional bookmaker intermediaries, potentially offering better odds and lower fees. The platform leverages blockchain technology for transparent, verifiable bet settlement and automated payouts through smart contracts. BetDEX supports cryptocurrency-based wagering and targets the global sports betting market with a focus on regions where traditional betting infrastructure is limited. Founded in 2021 and headquartered in Claymont, Delaware, the company has raised $21 million in seed funding from investors including Paradigm, FTX, Multicoin Capital, Lightspeed Venture Partners, and Solana Ventures.
Business model
Cryptocurrencies > Financial Services > Diversified > Defi-as-a-Service,
Sports Tech > Sports Betting > Betting Platforms > Multi Sports > Decentralized,
Gambling Tech > Online Gambling Platforms > Betting > Sports > Multi Sports > Decentralized
Team background
College Wise > University of Michigan - Stephen M. Ross School of Business
Institutional investors
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