Totally-licensed and controlled trade is now accepting wagers in accredited areas; launches promotion round World Cup
EDINBURGH, Scotland, Nov. 24, 2022 /PRNewswire/ — BetDEX Labs Inc. (or “BetDEX”) at this time introduced that the BetDEX Trade is reside on the Solana mainnet, accepting real-money wagers for the primary time. The primary fully-licensed sports activities betting trade constructed on the blockchain shall be accepting wagers on the 2022 FIFA World Cup and extra soccer matches, efficient instantly. To have a good time the launch, the BetDEX Trade is not going to be charging any charges for wagers positioned on 2022 World Cup matches, or any matches all through 2022.
Varun Sudhakar, CEO and Co-Founding father of BetDEX, commented on at this time’s information: “The Solana mainnet launch is an unimaginable milestone for BetDEX and one our neighborhood has been patiently ready for. We’re excited for our customers to have actual stakes within the sport, and we could not think about a greater time to take action than throughout the World Cup.”
BetDEX has got down to revitalize the $2 trillion sports activities betting trade by shifting the facility from the operators to the gamers. Present sportsbooks cost double-digit price margins, take away successful gamers from their platform, and make it tough to withdraw your cash. The BetDEX Trade is 100% non-custodial in nature, which means BetDEX by no means controls or holds participant funds. All wagers are held on clear, audited, and public good contracts on the blockchain and upon settlement, the good contract instantly remits funds to the winner’s pockets. Lastly, BetDEX Trade by no means locations stake limits or prices on successful gamers, however somewhat encourages their success on the platform.
The BetDEX Trade not too long ago grew to become the primary fully-licensed regulated sports activities betting trade on blockchain. Underneath the On-line Playing Regulation Act (OGRA), the BetDEX Trade obtained licensed approval from the Isle of Man for all types 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.
A “beta” tag will stay on the trade till 2023, however clients will be capable to wager actual cash instantly upon launch. The corporate has centered on worldwide markets at launch, and continues to discover regulatory approval in numerous extra international locations around the globe.
Further info concerning the BetDEX Trade, please go to: https://www.betdex.com/.
BetDEX Labs Inc. (“BetDEX”), developed by former FanDuel founders and early staff, is a web3 firm backed by buyers together with Paradigm, Multicoin, and Lightspeed, constructing open supply know-how for world prediction markets. The BetDEX Trade, powered by BetDEX, is a sports activities betting trade constructed on the Monaco Protocol permitting for peer-to-peer wagering. The Trade is licensed and controlled underneath the jurisdiction of Isle of Man through the Playing Supervision Fee. 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/. Observe BetDEX @BetDEXLabs.
M Group Strategic Communications (on behalf of BetDEX)