Blockchain betting platform BetDEX – based across Glasgow, Edinburgh and New York – has announced that it has been licensed and regulated by the Isle of Man Gambling Supervision Commission (GSC), effective immediately.
The company claims that this makes it the first fully-licensed regulated sports betting exchange on blockchain. Under the Online Gambling Regulation Act (OGRA), BetDEX has received licensed approval for all forms of online gambling and gaming, including online sports betting.
BetDEX was founded by former FanDuel executives Varun Sudhakar, CEO, Stuart Tonner, CTO, and Nigel Eccles, Chairman.
Varun Sudhakar, CEO and Co-Founder of BetDEX, commented, “Today’s news is an exciting step forward for the BetDEX Exchange.”
