FanDuel Founders Launch Crypto Sportsbook and iCasino Gaming Platform

Nigel Eccles and Rob Jones, the co-founders of FanDuel, have announced a new venture in the mobile gaming market that will accept various forms of cryptocurrency from their customers to wager on their platform.

Trump Bump

The crypto market has been reinvigorated since Donald Trump was resoundingly elected President of the United States. Bitcoin has soared to record highs, and the future looks bright for the crypto market in general. Trump had openly solicited the support of the cryptocurrency industry and will almost assuredly fire Securities and Exchange Commission Chair Gary Gensler, a well-known villain in the industry, once he takes office.

Over the summer, Trump was a keynote speaker at a Bitcoin conference in Nashville, Tennessee, and said, “We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” he said.

Trump also stated he wants the United States to be a “bitcoin superpower” under his administration while also adding the US should be the “crypto capital of the planet” and that he would endeavor to establish a bitcoin “strategic reserve” using the crypto that the government currently possesses.

Considering all this, there was probably no better time than now to announce a brand-new venture that uses digital currency to effectuate its transactions.

Crypto Gaming

BetHog is the brainchild of Nigel Eccles and Rob Jones, FanDuel’s co-founders, who have since left the company. The enterprise is financed by 6MV, a venture capital firm specializing in gaming and Web3 applications, and Bullpen Capital. A round of $6 million in seed money was announced on November 12th, and the endgame is for BetHog to become the largest crypto sportsbook/iGaming platform in the world.

“We think (BetHog is) perfectly positioned to unlock this massive opportunity to build the most innovative online casino and betting platform of this era of crypto,” said Serge Kassardjian, general partner at 6MV.

The company is licensed and regulated by the island nation of Anjouan, located in the Indian Ocean. BetHog’s iGaming titles and the digital sportsbook will be powered by two reputable gaming vendors, Pragmatic and Evolution, and the platform will accept Bitcoin, Ethereum, Solana, and Tether.

Pioneering Innovations

“The crypto casino market has seen dramatic growth over the past few years, driven by innovations like provably fair games, robust VIP programs, and streaming,” said Nigel Eccles, co-founder and CEO of BetHog. “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 maximizing fun for our users.”

The platform will be initially available in the Asian and Latin American markets. BetHog will not be available in the US, Ontario, or the majority of Western Europe, including the UK, but according to Eccles, he eventually hopes to enter those markets “where feasible.”

Eccles has emphasized his company’s firm commitment to Anti-Money Laundering (AML) safeguards. “One of the great things about crypto is all transactions are public and traceable; we work with a number of partners to enable us to conduct risk-based AML checks,” Eccles stated.