Betdex, the world’s first fully licensed and regulated sports betting exchange built on blockchain technology, has achieved a significant milestone by securing a betting license in Ireland. This approval follows the company’s online gambling license granted by the Isle of Man in October 2022. Betdex’s expansion into Ireland coincides with the introduction of in-play betting options for cricket and tennis markets, further enhancing the platform’s offerings.
Diverse Betting Options:
Betdex users will now have the opportunity to engage in various in-play bets, including side markets like game and set winners in tennis matches, as well as wagers on goals and goal scorers in English and European football leagues. The platform’s commitment to providing diverse betting options aligns with its mission to cater to sports enthusiasts with a wide range of preferences.
Future Expansion Plans:
Betdex’s ambitions extend beyond its recent licensing achievements. The company plans to introduce betting markets for other sports and leagues, including the Rugby World Cup, the ICC Men’s Cricket World Cup, and cycling events. This expansion showcases Betdex’s dedication to becoming a comprehensive and innovative player in the sports betting industry.
Blockchain and Web3 Technology:
Betdex CEO, Varun Sudhakar, emphasized the significance of blockchain and web3 technologies in the platform’s operations. He believes that the licensing in Ireland not only provides Irish citizens with access to Betdex but also introduces the region to the transformative potential of blockchain and web3 technologies in the betting landscape. Sudhakar expressed confidence in advancing the adoption of web3 betting platforms globally.
A Return to Native Roots:
Nigel Eccles, Betdex Chairman, noted that Ireland has a history of pioneering innovation and embracing new technologies. As a native of Ireland, Eccles expressed pride in bringing the Betdex exchange to his home country. The move highlights the platform’s commitment to offering cutting-edge betting solutions to a technologically savvy audience.
Betdex’s acquisition of a betting license in Ireland represents a significant step in its journey to revolutionize the sports betting industry through blockchain technology. With a focus on diverse betting options and the introduction of in-play bets, Betdex aims to provide an unparalleled betting experience to users. The platform’s future expansion plans, including entry into new sports markets, underscore its commitment to innovation and growth in the dynamic world of sports betting.