The BetDEX Exchange will formally launch on Solana mainnet on November 17 to coincide with the start of the 2022 FIFA World Cup, BetDEX Labs Inc. (or “BetDEX”) said today.

The platform will take real-money soccer bets as the first blockchain-based sports betting exchange with a complete licence. For the duration of the launch, BetDEX Exchange will not impose any fees on bets made on World Cup games.
In response to the announcement of the day, BetDEX’s CEO and co-founder Varun Sudhakar said: “After a fruitful open beta, we are thrilled to formally introduce the BetDEX Exchange in a few nations and territories. As the first fully legal web3 sports betting exchange in the world, we’re eager to welcome new members into a burgeoning industry. It’s fantastic to launch right before the biggest athletic event in the world because our community will be able to gamble on games all the way through the World Cup and beyond.”
Recently, the BetDEX Exchange was recognised as the first blockchain-based sports betting exchange with a full licence and regulation. The BetDEX Exchange gained licence clearance from the Isle of Man for all types of online gambling and gaming, including online sports betting, under the Online Gambling Regulation Act (OGRA). The platform presently accepts bets from nations in South America, Africa, Asia, and Europe. The Monaco Protocol is the foundation of the totally non-custodial exchange.

Source: Prnewswire