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DuelNow is excited to announce a $10M investment commitment from GEM Digital Limited, complemented by an additional $1M from prominent industry angel investors. This marks a significant milestone for the decentralized sports betting marketplace. Among the notable investors are Charlie Lee, creator of Litecoin, Richard Ma, CEO of Quantstamp, and Billy Markus, creator of Dogecoin, alongside Crypto Rand, Mooncat, Marc van der Chijs, HardBank, Jonathan Lee, Joseph Cheong, Ethan (Rampage) Yau, Dean Thomas, and more.
This substantial investment signals a strong endorsement of decentralized sports betting. DuelNow aims to empower sports bettors by leveraging the Ethereum Layer-2 blockchain, Arbitrum. This technology enables a peer-to-peer betting platform with complete transparency and lightning-fast speeds. By eliminating the house, DuelNow offers lower fees, higher payouts, and a user-centric experience.
DuelNow’s $11 million in new capital will fuel growth, raise awareness, and establish the platform as a market leader. The team is committed to using blockchain technology to transform the sports betting landscape, offering bettors more control, freedom, and fairness.
DuelNow seeks to disrupt the betting industry and empower users, setting new standards in crypto gambling and blockchain betting. By removing heavy sign-up requirements, disadvantageous odds-making, and financial exclusivity, DuelNow appeals to frustrated bettors seeking better alternatives.
Currently, fans of NFL, MLB, NBA, and MMA can use DuelNow to create custom betting experiences that level the playing field by removing the house advantage. As the platform develops, additional sports will be added.
The on-chain sports betting market is gaining attention, with figures like Mike Ippolito (Co-Founder of Blockworks) and AltcoinPsycho expressing bullish sentiment on the market segment. DuelNow is dedicated to listing new sports and offering custom betting options for personalized competition. This could see friends using DuelNow for peer-to-peer sports bets on their favorite sports.
DuelNow aims to create a marketplace where bettors feel empowered and in control. Early adopters of DuelNow will witness the long-term disruption of crypto sports betting, driven by the recent influx of investment funds.