BetDEX Labs, the company behind BetDEX, a new sports betting exchange for peer-to-peer wagering, this week announced that the BetDEX Exchange will officially launch on the Solana mainnet on Thursday, November 17th, which coincides with the beginning of the 2022 World Cup.
Just recently, BetDEX became one of the first licensed sports betting exchanges built on the blockchain. Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange received licensed approval from the Isle of Man for all forms of online gambling and gaming, including online sports betting.
Upon launch, BetDEX will accept users from countries across Europe, Asia, South America, and Africa. The fully non-custodial exchange is powered by the Monaco Protocol.
“After a successful open beta we are excited to officially launch the BetDEX Exchange in select countries and territories around the world. As the world’s first fully licensed web3 sports betting exchange, we’re looking forward to onboarding members into a booming space. Launching just ahead of the world’s premier sporting event is an exciting moment as our community can wager on matches throughout the duration of the World Cup and beyond.”
– Varun Sudhakar, CEO & Co-Founder of BetDEX
In the near future, BetDEX is expected to accept wagers on tennis, cricket, and more.
Since introducing its open beta in early October, the BetDEX Exchange has accepted wagers from over 12,000 early access members. A “beta” tag will remain on the exchange until 2023, but customers will be able to wager real money immediately upon launch.