FanDuel’s ex-founders introduce crypto sportsbook BetHog
Bitcoin has reached record-breaking heights after President-elect Donald Trump’s recent election victory, crossing the $85,000 mark for the first time. This surge highlights investor optimism about a potential shift towards more relaxed regulations under the upcoming administration. Meanwhile, the spotlight in the crypto world has also shifted to BetHog, a new crypto sportsbook and casino founded by two former FanDuel executives, Nigel Eccles and Rob Jones.
Launch of new crypto sportsbook
BetHog, a new crypto-based sportsbook and casino platform, has entered the market with $6 million in seed funding led by 6MV, a venture firm focusing on gaming and Web3 applications. The platform’s founders, Nigel Eccles and Rob Jones, are no strangers to the online betting world, having co-founded the successful sports betting company FanDuel.
BetHog is licensed in Anjouan, an island nation in the Indian Ocean known for its supportive regulatory environment. The choice of Anjouan enables BetHog to operate with more flexibility, though it currently excludes users from regions with strict betting regulations, including the US and much of Western Europe.
“The crypto casino market has seen dramatic growth over the past few years driven by innovations like provably fair games, robust VIP programmes and streaming,” said Nigel Eccles, who serves as co-founder & CEO of BetHog.
Eccles further stated, “With BetHog, my goal is to innovate even further by bringing unique and highly visual games to market. I want to offer users unique play-along and skill-based titles, combined with a robust VIP offering, but most of all, this is about maximising fun for our users.”
Innovative Features at BetHog
BetHog aims to offer skill-based games alongside traditional betting options. These games allow users to actively participate, rather than just place bets, creating an engaging and dynamic experience. Provably fair games are central to the appeal of crypto casinos, as they assure players of fairness through blockchain verification. BetHog builds on this transparency by offering exclusive VIP programmes.
BetHog accepts various major cryptocurrencies, including Bitcoin, Ethereum, USDT, and Solana, providing players with diverse options for funding their accounts. BetHog works with partners to apply AML checks on a risk-based model. This ensures that all crypto transactions meet regulatory standards, promoting a safe gaming environment.
BetHog’s initial sports and competitor
At launch, BetHog offers bets on popular sports such as American football, soccer, cricket, and others. The platform supports numerous betting markets and features like same-game parlays to engage users. 6MV led BetHog’s initial funding round with other investors, including Will Ventures, Bullpen Capital, and prominent industry figures. Their support signals confidence in BetHog’s potential for growth.
BetHog’s entry into the crypto sportsbook space brings it into competition with BetDEX, a decentralised betting exchange also founded by ex-FanDuel executives. Both platforms are built on the Solana blockchain, but BetHog’s focus includes a wider array of gaming options. Both BetHog and BetDEX use Solana’s blockchain due to its fast transaction speeds and low fees. BetHog accepts SOL for player-to-player (PvP) gaming, providing secure and efficient transactions.
BetHog’s cutting-edge gaming approach and strong focus on security make it a promising contender in the expanding crypto casino and sportsbook market. As Bitcoin and other cryptocurrencies continue to rise in popularity, BetHog provides a thrilling preview of the future of online betting.
