BetHog, a new crypto-based casino and sportsbook founded by FanDuel co-founders, has launched with $6 million in seed funding to offer innovative games and expand its global reach.
The funding round was led by investment firm 6MV, with contributions from Will Ventures, Bullpen Capital, and other investors. BetHog was founded by Nigel Eccles and Rob Jones, original co-founders of the sports betting platform FanDuel.
According to a company release, BetHog aims to stand out in the online gambling space by combining casino games with unique, skill-based options and a “play-along” experience.
These innovations include BetHog Originals, exclusive games created in-house, as well as popular titles from established studios like Pragmatic and Evolution. The platform allows users to play alongside streamers, adding a social element to the gaming experience.
BetHog is built on Solana
Built on the Solana (SOL) blockchain, BetHog uses SOL as the main currency for player-versus-player games while also accepting Bitcoin (BTC), Ethereum (ETH), and USDT (USDT) for other titles. Blockchain technology offers transparency for players by enabling “provably fair” games, where players can verify that game outcomes are not manipulated. This transparency addresses fairness concerns in online gambling, a growing trend in crypto gaming.
The funds from this seed round will be used to expand BetHog’s game selection, improve the user experience, and establish strategic partnerships to broaden its reach. Although accessible globally, the platform is unavailable in certain jurisdictions, including the U.S. and U.K.
Source: https://crypto.news/fanduel-founders-launch-crypto-casino-raise-6m-in-seed-funding/