BetDEX to go live on Solana mainnet before World Cup in Qatar: Exclusive

Quick Take

  • Sports betting exchange BetDEX will open on Nov. 17.
  • The exchange is offering fee-free betting on all World Cup games to mark the occasion. 

BetDEX, a sports betting exchange built on a blockchain, will open on Solana mainnet on Nov. 17.

The sports betting exchange will go live at the beginning of the FIFA World Cup in Qatar, said Varun Sudhakar, the firm's CEO. Users will be able to place bets on football matches, with no fees for bets placed on World Cup matches.

"For too long, the sports betting industry has milked their customers by offering subpar products and high fees, while simultaneously restricting their winning players," Sudhakar told The Block.

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The exchange is built on the Monaco protocol and plans to offer customers betting on tennis and cricket in 2023, as well as soccer.

BetDEX is currently available in countries across Europe, Asia, South America and Africa. The sports exchange is fully licensed and regulated in the Isle of Man under the Online Gambling Regulation Act. 

The FIFA World Cup in Qatar has come under scrutiny in the build-up to the tournament. Concerns have been raised over the conditions workers have had to endure to build the stadiums required to host the tournament, among other issues. 

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Adam Morgan is a reporter covering cryptocurrency, financial markets, and economics – anything from price movements, earnings reports, and inflation to the U.S. Federal Reserve interest rate decisions and everything in between. Adam is based in London.


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