FanDuel Founder Launches Blockchain Betting Exchange, BetDEX

Nigel Eccles, the founder of FanDuel, has announced details of his latest venture. Eccles, who left FanDuel four years ago, has now launched a blockchain-based sports betting exchange called BetDEX

According to the entrepreneur, his aim is to combine cryptocurrency with sports betting in what he claimed to be the world’s first decentralised sports betting exchange. The business' ambition is to “deliver a global sports betting protocol that enables users to trade bets at high speed and minimal cost with zero counterparty risk”.

Eccles said: 

“Starting a company means getting to pick who you get to hang out with for next 5-10 years. Because of that I’m really excited today to share I’m founding a new company, BetDEX Labs Inc., with two of my favorite former FanDuel colleagues, Varun Sudhakar and Stuart Tonner.

“In addition, we are excited to have Andy Murray, Pawel Witek, Drew Alexander Baird Spencer and Ewan Meldrum join us. It is going to be one incredible journey.”