Solana-Based Sports Betting Protocol BetDEX Closes $21M Seed Funding Round

Posted on by American Coins & Gold

Solana-Based Sports Betting Protocol BetDEX Closes M Seed Funding Round
BetDEX has raised a $21 million seed round to create a decentralized global sports betting protocol.In the announcement Wednesday, the Edinburgh-base BetDEX called the raise the “largest-ever seed investment round by a U.K. startup.”The crypto derivatives exchange giant FTX and San Francisco-based crypto venture firm Paradigm led the round, which also included participation from Lightspeed Venture Partners, Sino Global Capital and Solana Ventures.Scotland-based BetDEX is building its protocol on the Solana blockchain with hopes of becoming “a global clearinghouse for sports wagering,” according to a blog post.Third parties will be able to use BetDEX’s back-end infrastructure to run their betting…