BetDex Launches New Sports Betting Exchange

BetDex Exchange offers odds on a wide range of sporting events including football, baseball, hockey, cricket and many more. One of the key features of the exchange is a commission of only 3% of net winnings, which means players only pay if they win. This benefit sets BetDex apart from many traditional bookmakers, which often charge hidden fees or set arbitrary limits on winnings.

BetDex Exchange users can fund their accounts in both cryptocurrency and fiat currency, providing flexibility and convenience for different types of customers. The beta version of the exchange was launched during the last FIFA World Cup, giving players the opportunity to experience the new platform in action.

BetDex Exchange is licensed and regulated in Ireland, where BetDex received a betting license last year. This provides additional reliability and trust in the platform from players and regulators.

CEO and Co-Founder of BetDex Labs, Varun Sudhakar commented on the launch: “The core of the BetDex team was made up of early developers and employees from renowned companies such as FanDuel, Betfair, BetDAQ and BoyleSports. We are committed to democratizing access to sports betting and improving the player experience. Sports betting is a huge industry worth over $2 trillion annually, but hidden fees and restrictions often create a poor experience for bettors. We created BetDex to change that and are proud to launch our exchange built for players.”

In addition to the launch of the BetDex Exchange, the Australian Transaction Reports and Analysis Center (AUSTRAC) has accepted Sportsbet's commitment to comply with Australian Anti-Money Laundering and Anti-Terrorism Financing (AML/CTF) laws. This shows the increasing focus on regulation and transparency in the sports betting industry.

BetDex Exchange aims to become an important player in the sports betting market by offering innovative solutions and the best conditions for its customers.