Updated

Vigen Badalyan

Co-Founder
BetConstruct

Vigen Badalyan is the Co-Founder of BetConstruct and Fastex, as well as the founder of numerous other companies within the gaming and betting industries.

MAJOR ACHIEVEMENTS

By the end of 2022, one of the earliest businesses that Badalyan had co-founded in 1994 – Fast Credit – acquired a license to carry out banking activities transforming into Fast Bank CJSC.

By mid-2022 FasTToken is the first to acquire an electronic currency license from Abu Dhabi followed by being awarded Virtual Currency Exchange Operator and Depository Virtual Currency Wallet Operator in a European country.

At the beginning of 2022, Fastex held private and public sales distributing the whole 10 million available FTNs within a couple of days, more than that 70+ partners agreed to add FTN, the native token of Fastex, to the list of their supported cryptocurrencies.

AWARDS

At the Global Gaming Awards London 2023, BetConstruct was shortlisted for several categories including ‘Retailer Supplier of the Year’, ‘Online Sports Betting Supplier of the Year’ and ‘Platform Provider of the Year’.

At the event, the group was announced as the ‘Platform Provider of the Year’.

BetConstruct was shortlisted at the Global Gaming Awards London 2022 for the best ‘Online Sports Betting Supplier for the Year’.

Also in 2022, its live casino software was shortlisted for the best ‘Casino Product of the Year’ at the Global Gaming Awards.

At the same time, Badalyan was shortlisted for the ‘Executive of the Year’.

EMPLOYMENT

In 2011, Badalyan and his team built a game-providing system called BetConstruct. In 2013, he introduced SoftConstruct, which, encompassing BetConstruct, became the backbone of international market-leading brands and products such as FeedConstruct, FastToken, FastShift, Ucraft, etc Hoory and PandaMR.

A year later, in 2014, the worldwide sports betting and online gaming brand VBET was established under the visionary leadership of Badalyan. By 2022, a new direction was set by Vigen Badalyan to venture into the crypto and blockchain world with the Fastex brand.

Since 2020, he has also served as a Board Member of the French University of Armenia and an Honorary Consul of the Honorary Consulate of Colombia in the Republic of Armenia.

Interviews and public speeches

In January 2020, BetConstruct’s Badalyan spoke to GI’s Tim Poole about the company’s roots, his focus on technology and long-term plans regarding the marketplace.

In June 2020, he talked again to the GI team about the difficulties the Covid pandemic created for most companies within the industry.


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