The World Cup is just around the corner, and to celebrate, BetDEX is announcing it’s going live on Solana. As national teams from all over the world gear up for football’s biggest event, the exchange is instead turning its attention to fans and promising a revolution in the sports betting industry.
BetDEX, the first Web3 sports betting exchange
The blockchain is getting bigger with the launch of BetDEX. The sports betting exchange will officially launch on the Solana mainnet on November 17th. This date is anything but a coincidence. Indeed, the launch coincides with the opening ceremony of the FIFA World Cup in Qatar.
For once, the first exchange A fully blockchain-based sportsbook will allow its users to bet in fiat currency on football. According to Varun Sudhakar, the CEO of BetDEX, the sports betting industry has long misled customers. Passing through high fees, substandard products, and generally limited rewards for winners.
For this reason, the exchange will not charge any fees on all bets during the 2022 FIFA World Cup. With the Isle of Man licensed endorsement, BetDEX becomes the first authorized and regulated sports betting platform on the blockchain. Currently, it is available in many countries and on all continents. Among others, Asia, Europe, Africa and South America.
Based on the Monaco protocol, the exchange continues its development. Indeed, he intends to expand his offers. If for the moment, it only allows bets on football, its offer should extend to tennis and cricket by 2023. Although present in various countries across the globe, the exchange places an emphasis on international territories and continues to explore regulatory approval.
With a successful beta in early October, the BetDEX exchange officially launches. The World Cup brings together many football fans around the world and this initiative cannot go unnoticed. The moment is rather well chosen, and there is no doubt that users will be seduced.
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