DuelNow, a burgeoning pressure within the decentralized sports activities betting area, proudly introduced a major monetary milestone with a $10 million funding from GEM Digital Restricted and a further $1 million from a consortium of influential trade angel traders. This infusion of capital underscores a pivotal second for the player-first betting market. The funding roster options distinguished figures like Charlie Lee of Litecoin, Richard Ma of Quantstamp, and Billy Markus, the mind behind Dogecoin, alongside different notable traders similar to Crypto Rand, Mooncat, Marc van der Chijs, and extra.
Empowering bettors with blockchain:
This substantial monetary backing sends a powerful message throughout the betting panorama: decentralized sports activities betting is not only rising—it’s right here to remain. DuelNow leverages the esteemed Ethereum Layer-2 blockchain, Arbitrum, to foster a real peer-to-peer betting surroundings. This expertise ensures unparalleled transparency and fast transaction speeds, successfully eradicating the standard ‘home’ component, which ends up in diminished charges and elevated payouts, thus prioritizing the bettor’s expertise. The newly acquired $11 million capital shall be strategically utilized to gasoline DuelNow’s progress, improve its market presence, and consolidate its place as a pacesetter available in the market whereas advocating for the broader adoption of blockchain expertise to reinforce the sports activities betting area.
DuelNow is setting new requirements within the crypto playing and blockchain betting sectors by eliminating burdensome sign-up procedures, unfair odds, monetary exclusivity, and poor consumer experiences. This method is capturing the eye of disillusioned bettors who demand higher from conventional betting retailers and web sites. At present, the platform caters to followers of main sports activities leagues just like the NFL, MLB, NBA, and MMA, providing a tailor-made betting expertise that eliminates the home benefit. Plans are underway to broaden the sports activities choices because the platform evolves.
As GlobeNewswire stories, the on-chain sports activities betting market is quickly gaining traction, catalyzed by the success of platforms like Polymarket. Figures like Mike Ippolito, co-founder of Blockworks, and AltcoinPsycho have lately voiced their optimistic views on this burgeoning section.
Wanting ahead:
DuelNow is devoted to introducing quite a lot of sports activities and bespoke betting choices that permit for personalised competitors. This initiative may remodel how real-life pals interact in P2P sports activities betting on their favourite sports activities. The overarching objective is to domesticate a market the place bettors usually are not solely individuals but additionally have a major say within the proceedings, finally feeling a better sense of management and equity of their betting actions. Those that interact with DuelNow within the close to time period are poised to witness a transformative shift within the panorama of crypto sports activities betting, because of the current monetary increase.
DuelNow’s initiative is an element of a bigger pattern of enterprise investments in Web3 playing, as demonstrated by the heightened exercise on platforms like Polymarket. With Polymarket surpassing $1 billion in buying and selling quantity largely as a consequence of bets on the U.S. presidential election outcomes, the potential for blockchain to redefine on-line betting continues to develop. In line with trade analyses, the worldwide on-line sports activities betting market is ready to broaden considerably, fueled by blockchain’s skill to scale back transaction prices and improve transparency.
