Summary:
UK-based online sports betting platform BetDex has received regulatory approval for all kinds of online gaming, including online sports betting, under the Isle of Man Online Gambling Regulation Act. Under the Isle of Man Online Gambling Regulation Act, the operator has received approval for all kinds of online gaming, including online sports betting. BetDex was founded by several people.
Under the Isle of Man Online Gambling Regulation Act, the operator has received approval for all kinds of online gaming, including online sports betting.
The new business was founded just over a year ago by three former FanDuel executives, who are now CEO, CTO and chairman. BetDex raises $21m in an initial investment round after founding.
The news today is an exciting step forward for the BetDex Exchange. BetDex now boasts the first fully- regulated sports betting platform in the web3 space, and we are excited to welcome bettors from approved regions.
The head of e gaming with the Isle of Man Government said that it was a pleasure to welcome BetDex to the island. We are excited to be at the forefront of technologies, while maintaining our reputation as a highly regulated jurisdiction that protects players. I look forward to partnering with BetDex for many years to come and wish them the best with their future ventures.
More than 12,000 early access players have placed wagers on the exchange in the past weeks. It accepts bets from a number of countries, including South America, Europe, Asia, and Africa. The BetDEX Exchange is expecting to announce additional sports in the near future, as they currently offer peer-to-peer sports wagers on soccer.