BetDex Exchange is the initial blockchain sports wagering platform to be overseen. It was established by Nigel Eccles, the originator of FanDuel. The enterprise has secured a permit and regulation from the Isle of Man Gambling Oversight Commission.
BetDex is now permitted to conduct all forms of online gaming, encompassing online sports wagering, under the Isle of Man Online Gambling Regulation Act.
The firm was established by ex-FanDuel executives Varun Sudhakar, Stuart Tonner, and Nigel Eccles. They are serving as Chief Executive Officer, Chief Technology Officer, and Chairman of the new venture. BetDex secured $21 million in an initial investment round shortly after its inception.
Varun Sudhakar, Chief Executive Officer and co-founder of BetDex, stated that the permit and regulatory approval is an exhilarating step forward for the company. He mentioned that BetDex is now the initial fully regulated sports wagering platform in the Web3 domain.
Abby Kimber, Head of E-Gaming for the Isle of Man Government, stated that they are thrilled to welcome BetDex to the island. She mentioned that they are enthusiastic to be at the forefront of technologies such as blockchain while maintaining their reputation as a highly regulated jurisdiction that takes pride in safeguarding players.
Im thrilled about the prospects of BetDex and eager to forge a robust alliance with them.
They recently initiated their public trial period and have already witnessed over 12,000 early adopters wagering in the past few weeks. BetDex welcomes bets from numerous regions across the globe, encompassing South America, Europe, Asia, and Africa. They presently provide peer-to-peer sports wagering on soccer, but they intend to introduce additional sports shortly.
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