Fully-licensed and controlled Exchange will settle for actual cash wagers on soccer matches in authorized areas starting November 17
EDINBURGH, Scotland, Nov. 6, 2022 /PRNewswire/ — BetDEX Labs Inc. (or “BetDEX”) right now introduced that the BetDEX Exchange will formally launch on Solana mainnet on November 17 to coincide with the start of the 2022 World Cup. As the primary fully-licensed sports activities betting change constructed on a blockchain, the platform will likely be accepting real-money wagers on soccer. As half of the launch, BetDEX Exchange is not going to be charging any charges for wagers positioned on World Cup matches.
Varun Sudhakar, CEO and Co-Founder of BetDEX, commented on right now’s information: “After a successful open beta we are excited to officially launch the BetDEX Exchange in select countries and territories around the world. As the world’s first fully licensed web3 sports betting exchange, we’re looking forward to onboarding members into a booming space. Launching just ahead of the world’s premier sporting event is an exciting moment as our community can wager on matches throughout the duration of the World Cup and beyond.”
The BetDEX Exchange just lately grew to become the primary fully-licensed regulated sports activities betting change on blockchain. Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange obtained licensed approval from the Isle of Man for all kinds of on-line playing and gaming, together with on-line sports activities betting. The platform presently accepts wagers from international locations all through Europe, Asia, South America, and Africa. The absolutely non-custodial change is constructed on the Monaco Protocol.
The BetDEX Exchange is continuous to develop its providing each in phrases of territories the place it’s obtainable and wagering capabilities. The BetDEX Exchange is anticipated to settle for wagers on tennis and cricket, as well as to soccer, in 2023. Since the launch of its open beta in early October, the BetDEX Exchange has accepted wagers from over 12,000 early entry members. A “beta” tag will stay on the change till 2023, however prospects will likely be in a position to wager actual cash instantly upon launch. The firm has targeted on worldwide markets at launch and continues to discover regulatory approval in varied extra international locations world wide.
Additional info relating to the BetDEX Exchange, please go to: https://www.betdex.com/.
About BetDEX
BetDEX Labs Inc. (“BetDEX”), developed by former FanDuel founders and early workers, is a web3 firm backed by Paradigm and FTX constructing open supply know-how for international prediction markets. The BetDEX Exchange, powered by BetDEX, is a sports activities betting change constructed on the Monaco Protocol permitting for peer-to-peer wagering. The Exchange is licensed and controlled underneath the jurisdiction of Isle of Man through the Gambling Supervision Commission. BetDEX is a key contributor to the Monaco Protocol, a permissionless decentralized and open-sourced protocol constructed on the Solana blockchain, supporting prediction and betting markets. For extra info, go to: https://www.betdex.com/.
Media Contact
Dillon Arace
M Group Strategic Communications (on behalf of BetDEX)
[email protected]
SOURCE BetDEX
