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BetDEX

BetDEX is a sports betting exchange built on the Monaco Protocol, enabling peer-to-peer wagering. BetDEX is a major contributor to the Monaco Protocol, which is a permissionless, decentralized, open-source protocol built on the Solana blockchain and supports prediction and betting markets.

What is BetDEX?

BetDEX is a decentralized sports betting exchange built on the Solana blockchain, utilizing the Monaco Protocol to offer a transparent and efficient betting platform. It aims to revolutionize the traditional sports betting industry by providing a non-custodial, low-fee, and unrestricted wagering experience.

How Does BetDEX Work?

BetDEX operates as a peer-to-peer marketplace where users can place bets against each other using cryptocurrency. The platform leverages the Monaco Protocol's on-chain matching algorithm and order book to facilitate transparent and efficient betting markets. Users retain control over their funds, and transactions are processed quickly with low fees due to the Solana blockchain's high throughput.

What Makes BetDEX Unique?

BetDEX stands out by offering non-custodial betting, allowing users to maintain control over their funds. It imposes no stake limits, accommodating both small and large bettors. The platform charges low fees, with a total of 3% on net winnings per market, split between the Monaco Protocol (1%) and BetDEX (2%). Additionally, BetDEX supports a wide range of sports, including football, basketball, cricket, tennis, baseball, and esports.

Who Are the Founders of BetDEX?

BetDEX was founded in 2021 by former FanDuel executives: Varun Sudhakar (CEO), who brings over a decade of experience in the sports betting industry; Stuart Tonner (CTO), a seasoned blockchain developer; and Nigel Eccles (Chairman), a serial entrepreneur and co-founder of FanDuel.

Latest News

What Key Events Have There Been for BetDEX?

In November 2022, BetDEX launched its exchange on Solana's mainnet, coinciding with the start of the 2022 FIFA World Cup. The platform has since expanded its market coverage to include NFL, NCAA, MLB, NHL, MMA, esports, and more.

Project Announcements

BetDEX has recently increased liquidity, with key betting markets now having approximately $5,000 to $10,000 of open liquidity. The platform has also revamped its navigation interface and launched an affiliate program.

Upcoming Events

Keine Daten

Projects Announcements

Where to Buy BetDEX?

BetDEX operates as a decentralized exchange where users can place bets using cryptocurrencies like USDT and SOL. To participate, users need to fund their wallets with these tokens, which can be purchased on most cryptocurrency exchanges.

BetDEX Price

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BetDEX Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding BetDEX's price.

FAQ

What is the Purpose of BetDEX?

How Can I Participate in BetDEX's Ecosystem?

What Sets BetDEX Apart from Competitors?

Is BetDEX Secure?

What are the Risks Associated with BetDEX?

Community Sentiment

27.40K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.