BetDEX introduces sports betting platform

Unlike traditional gambling operators, BetDEX Exchange charges a 3% flat fee on all net winnings

BetDEX Labs has released the BetDEX Exchange which is a cutting-edge sports betting platform that was designed for knowledgeable gamblers who want good odds and fair play. With this new platform, users can expect no hidden fees or account restrictions that often come with winning on other gambling websites.

One of the biggest selling points of the BetDEX Exchange is its competitive odds across all major sports. This includes soccer, baseball, basketball, hockey, cricket and football amongst others. Unlike many other platforms in this industry, BetDEX does not charge premiums or handicap successful bettors.

The flat fee charged by the BetDEX Exchange on net winnings is another feature that sets it apart from competitors – it is just 3%. This ensures players are not unfairly penalized financially because they were successful enough to win money back into their accounts.

Varun Sudhakar, CEO and co-founder of BetDEX Labs, commented:

“The core of the BetDEX team were early developers and employees at FanDuel, Betfair, BetDAQ, and BoyleSports motivated to democratize access to sports betting. While sports betting is a massive industry with over $2tr traded every year, hidden fees and arbitrary limits on winners have created an extremely poor player experience. We founded BetDEX on the belief that players should not be penalized for their success, and we are proud to launch a sports betting exchange that is built for the bettor.”

Deposits can be made using either cryptocurrencies or fiat currencies on the BetDEX Exchange giving users more options when funding their accounts. This caters to different types of individuals who may have differing preferences or financial capabilities. The site is licensed in Ireland so it ensures compliance whilst providing security measures to the benefit of all international customers.

Since the launch of its initial beta mode, the number of betting markets available on the BetDEX Exchange has grown well over twenty-fold with the addition of many popular sports such as tennis, hockey, basketball, MMA and esports.

BetDEX Labs was built by former FanDuel founders and staff. The company has received backing from Paradigm, Multicoin, and Lightspeed amongst others. The platform is built on the Monaco Protocol, which utilizes the Solana blockchain and enables peer-to-peer wagering.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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