SBC News Voice of the Sports Betting Industry
BetDEX Labs has announced the product launch of its BetDEX Exchange sports betting offering.
The service is tailored for bettors looking to place bets at a great price with no restrictions.
The beta version of the exchange launched more than a year ago, growing from bets being placed on the 2022 FIFA World Cup. The exchange now offers a variety of competitive odds across popular markets, such as football, baseball, basketball, hockey, cricket, and more.
According to BetDEX, its latest sports betting exchange product offers some of the lowest fees in the sector, with 3% implemented only on winning bets.
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 democratise access to sports betting.
“While sports betting is a massive industry with over $2trn dollars 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 penalised for their success, and we are proud to launch a sports betting exchange that is built for bettors.“
