FanDuel founder Nigel Eccles has launched his latest venture – the blockchain-based sports betting exchange BetDEX – four years after his departure from the sports betting operator.
BetDEX is a platform which aims to marry cryptocurrency with sports, branding itself as the world’s first decentralised sports betting exchange.
The company’s ambitions are 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.”
Eccles stepped down as FanDuel CEO in 2017, with Ma..