Tag Archives: FTX

Varun Sudhakar, BetDEX: Betting ‘one of the few bright spots’ amid crypto uncertainty

Varun Sudhakar, BetDEX: Betting ‘one of the few bright spots’ amid crypto uncertainty

Compounded by the downfall of FTX, crypto volatility and prices last year will have left investors feeling pessimistic. Varun Sudhakar, Founder and CEO of crypto-betting exchange BetDEX, explained to SBC News that in spite of this, crypto-betting continued to buck this trend, particularly from a customer-relations standpoint. Appealing to the crypto confident customer In an interview ahead of the expansion …

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Year in Review: UK judgement day looms and global crypto takes a hit

SBC News Year in Review: UK judgement day looms and global crypto takes a hit

As 2022 drew to a close the ever-constant shadow of the Gambling Act review continued to hang over the UK betting space, whilst a number of big names continued to make major moves.  Following the political chaos of Boris Johnson’s premiership, the situation began to stabilise at Westminster under Rishi Sunak, including the appointment of Paul Scully MP as Minister …

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BetDEX remains crypto confident despite FTX fallout shaking up sector

solana coin betdex

Crypto sports betting exchange BetDEX remains faithful in the continued stability of its operations as well as international crypto and crypto betting markets, despite recent instability.  ​​Currently under beta testing, BetDEX is a next-generation betting exchange built on Solana rails – Solana is a blockchain majority funded by Alameda Research, the affiliated quantitative trading firm and VC fund of FTX, …

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BetDEX secures Isle of Man licence as blockchain exchange enters beta mode. 

SBC News BetDEX secures Isle of Man licence as blockchain exchange enters beta mode. 

BetDEX Labs Inc has become the first blockchain betting exchange to be granted a licence by the Isle of Man Gambling Supervision Commission (GSC). The New York and Edinburgh-based operator hailed the GSC licence approval as a new milestone towards launching online gambling’s first blockchain-built mass market betting exchange under the BetDEX domain. BetDEX is the new venture of former …

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Scott Longley: 2021… Chasing up the Big Mo’

SBC News Scott Longley: 2021... Chasing up the Big Mo’

Providing further year-end perspectives, SBC has enlisted the help of Scott Longley of the Wagers.com Earnings+ More Substack to summarise the M&A, IPOs and boardroom shake-ups that have reformed gambling’s playing field make-up…  When the Earnings+More newsletter (as it was then) launched in April, it was partly as a response to the expansion of the US-listed betting and gaming sector …

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Nigel Eccles: Scotland to be home of BetDEX evolution of betting’s static scene  

SBC News Nigel Eccles: Scotland to be home of BetDEX evolution of betting’s static scene  

BetDEX the new venture of Nigel Eccles, former founder of FanDuel, has secured a $21 million seed funding round – “the largest ever seed executed by a UK start-up”.  A raft of investors led by San Francisco crypto fund Paradigm and Bahamas-based cryptocurrency exchange FTX has backed Eccles to transform BetDEX into the “world’s first decentralized sports betting protocol”. Last …

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Playtech targets casual games market with Funtactix purchase

SBC News Playtech targets casual games market with Funtactix purchase

Playtech has unveiled a strategic plan to significantly increase its market share of the IP-based casual games market. This initiative follows the acquisition of Funtactix, an award-winning publisher of film and television-based games. Funtactix has built a reputation in Hollywood and with gamers for delivering casual game experiences based on the most popular entertainment franchises including The Hunger Games, Mission: …

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