Founding Partners of FanDuel Secure $6 Million Investment, Introduce Cryptocurrency-Based Gambling Platform
BetHog, a new cryptocurrency-only casino and sportsbook, has been launched by the co-founders of FanDuel, Rob Jones and Nigel Eccles. The platform aims to offer a unique gambling experience, focusing on cryptocurrency and exclusive games.
Cryptocurrency Focus
BetHog caters exclusively to crypto-native users, enabling online betting with cryptocurrencies such as Bitcoin, Ethereum, Solana, and USDT. This focus on cryptocurrency is driven by concerns about payment companies withdrawing services unexpectedly, as expressed by Nigel Eccles.
Exclusive Game Selection
The platform offers a variety of exclusive casino and skill games, including proprietary games like HODL, a Crash-like game with a meme coin trading theme, and Thermonuclear Boars, a Mines-style game. The creation of in-house games is intended to foster a devoted player base and potentially provide licensing opportunities.
Founders' Background
BetHog is developed by the creators of FanDuel, leveraging their expertise in the betting and sportsbook industry. The founders aim to keep operations simple by focusing on cryptocurrency and creating their own games.
Funding and Expansion Plans
Recently, BetHog raised $6 million in seed funding led by 6MV with participation from several notable investors. These funds will support scaling through strategic partnerships, product development, and expanding into global markets, subject to regulatory approvals.
User Experience & Offers
While specific bonuses are not detailed in the given sources, other references suggest that BetHog may offer comparable features to other crypto betting sites, such as high bonuses, fast withdrawals, and VIP programs.
Regulatory Considerations
BetHog plans to comply with regulatory requirements where applicable before market entry.
Looking Ahead
The founders of BetHog believe that most online casinos on the market offer identical games. However, with its focus on cryptocurrency, exclusive games, and substantial funding, BetHog positions itself as a crypto-first gambling destination, aiming to offer a unique and engaging experience for its users.
The founders also mention potential future expansion into the US market, subject to regulatory approvals.
- Nigel Eccles, one of the co-founders of BetHog, observed that the focus on cryptocurrency is essential due to payment companies occasionally withdrawing services unexpectedly.
- In addition to offering a unique gambling experience through cryptocurrency-only betting, BetHog also plans to develop exclusive casino games like HODL and Thermonuclear Boars, which could provide licensing opportunities and foster a devoted player base.
