3 years ago

BetDEX Secures $21M Seed Funding Led by Paradigm and FTX

  • BetDEX, an Edinburgh, Scotland, UK-based online sports betting platform provider, raised $21M in Seed funding led by Paradigm and FTX

  • The company intends to use the funds to scale the business from a base in Scotland and is now hiring for a range of positions

  • BetDEX is building a decentralized sports betting protocol built on public blockchain Solana to offer consumers fast and low-cost trades, while eliminating counterparty risk.

      • ProblemTechnology

      "Sports betting is currently dominated by centralised platforms with high fees and limited transparency, leaving customers vulnerable to counterparty risk. "

      Solution

      "BetDEX is building a decentralized sports betting protocol built on Solana, offering fast, low-cost trades and eliminating counterparty risk. The open-source protocol allows third parties to build their own applications and innovate on top of the platform."

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