UK: FanDuel founder’s betting exchange set to score at Euro 2024

UK: FanDuel founder’s betting exchange set to score at Euro 2024

Article brief provided by The Sunday Times
  • Nick Webb, The Sunday Times
June 9, 2024 9:51 AM
  • Nick Webb, The Sunday Times

‘Crypto sports betting’ — the three greatest words in the English language, according to the FanDuel founder Nigel Eccles. The Tyrone gambling entrepreneur has been very busy since his fantasy sports dream went somewhat pear-shaped.

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Nigel and his wife, Lesley, helped set up FanDuel, and the fantasy sports business has since formed the foundation of Flutter’s hugely successful US sports betting enterprise.

Once worth an estimated $1 billion, FanDuel’s valuation plummeted after a merger with its rival DraftKings was nixed in 2017.

Eccles has since backed BetDex, an online betting exchange, licensed and regulated here, that launched last month just in time for the Euro 2024 football championship in Germany.