BetDEX Exchange live on Solana mainnet

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Updated November 24, 2022 | Published November 24, 2022

2 mins read

The sports betting exchange is now accepting bets on the 2022 World Cup.

BetDEX has announced its BetDEX Exchange is now live on the Solana mainnet

The fully licenced sports betting exchange built on the blockchain will now accept real-money wagers in approved regions on FIFA World Cup 2022 matches.

Currently, the platform is accepting wagers from countries throughout Europe, Asia, Africa and South America.

In aid of the launch, the exchange will not be charging any fees for bets placed on matches on or throughout the 2022 World Cup.

CEO and co-founder of BetDEX, Varun Sudhakar said: “The Solana mainnet launch is an incredible milestone for BetDEX and one our community has been patiently waiting for.

“We are excited for our users to have real stakes in the game, and we couldn't imagine a better time to do so than during the World Cup“.

On a mission to revamp the $2tn sports betting industry, BetDEX is shifting the power from operators to the sports players.

Currently, sportsbooks are reportedly charging high double-digit fee margins, removing winning players from their platforms and making it somewhat of a tedious experience to withdraw money.

BetDEX promises itself to be “100% non-custodial in nature”. The company ensures its customers that it never controls or holds its player's funds.

Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange received the required licensed approval from the Isle of Man for online sports betting and all other forms of online gambling and gaming.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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