DuelNow Secures $11M In Funding To Transform Sports Betting With Blockchain

DuelNow, a burgeoning player in decentralized sports betting, proudly announced a significant financial milestone with a $10 million investment from GEM Digital Limited and an additional $1 million from a consortium of influential industry angel investors. The injection of this capital highlights a pivotal moment in the player-first betting market. The investor list includes other big-name investors like Crypto Land, Mooncat, Mark van der Cheez, and more, as well as big names like Litecoin’s Charlie Lee, QuantumStamp’s Richard Marr, Dogecoin brain Billy Marcus.

Building Better’s Capabilities With Blockchain:

This huge financial support sends a big message across the betting environment that decentralized sports betting is not just emerging, it is sustainable. DuelNow leverages Arbitrum, the respected Ethereum layer-2 blockchain, to build a true P2P betting environment. The technology ensures unparalleled transparency and fast transaction speeds, effectively eliminating existing “house” elements, thus prioritizing bettors’ experience by reducing fees and increasing payments. The newly secured $11 million capital will be strategically used to propel DuelNow’s growth and increase market share, while also advocating for the widespread adoption of blockchain technology to strengthen the sports betting sphere.

DuelNow is setting a new benchmark in crypto gambling and blockchain betting by eliminating onerous sign-up procedures, unfair dividend rates, financial monopolies, and poor user experience. This approach is capturing the attention of disillusioned bettors demanding better for existing betting shops and websites. Currently, the platform targets fans of major sports leagues such as the NFL, MLB, NBA, and MMA and offers a customized betting experience that removes house advantage. As the platform evolves, plans to expand sports offerings are underway.

The on-chain sports betting market is quickly gaining traction thanks to the success of platforms such as Polymarket. The likes of Blockworks co-founders Mike Ippolito and Altcoin Psycho have recently expressed optimism about the burgeoning sector. 에볼루션 바카라사이트

Forward:

DuelNow is committed to introducing a range of sports and customized betting options that enable personalized competition. This initiative could transform the way real friends engage in P2P sports betting on favorite sports. The most important goal is to create a market where bettors are not only participants, but also have an important say in the proceedings, and ultimately feel greater control and fairness in their betting activities. Thanks to the recent financial increase, those participating in DuelNow’s near term are poised to witness a transformative shift in the game of crypto sports betting.

DuelNow’s plan is part of a larger trend of venture investments in Web3 gambling, as seen by the rise in activity on platforms such as Polymarket. Polymarket’s $1 billion trading volume topped the $1 billion mark because bets on the outcome of the U.S. presidential election have made a huge impact, and the possibility for blockchain to redefine online betting continues to grow. The global online sports betting market is expected to expand significantly, driven by blockchain’s reduced transaction costs and increased transparency, according to industry analysts.