BetDex has announced the launch of the BetDex Exchange, a sports betting exchange which aims to give bettors the best price when it comes to odds.
The BetDex Exchange provides odds for a variety of sports, such as football, baseball, hockey, cricket and others, and offers fees of 3% on net winnings, with bettors only paying if they win.
Customers are able to fund their player account by using crypto or fiat, with the beta version of the BetDex Exchange launching during the last FIFA World Cup.
The sports betting exchange is licensed and regulated in Ireland which came after BetDex received its betting licence in the country last year.
BetDex Labs CEO and Co-Founder Varun Sudhakar said: “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 $2tn 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 the bettor.”
In other sports betting news today, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has accepted an enforceable undertaking from Sportsbet to enhance the sportsbooks’ compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
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