Add 'Sports Betting Innovator Launches new Start-up'

Sports-Betting-Innovator-Launches-new-Start-up.md

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+<br>[sports betting](https://ca.viquiblo.org/index.php/Usuari:BruceStapley0) [wagering innovator](https://dev.fleeped.com/read-blog/82_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) [launches brand-new](https://www.contraband.ch/read-blog/41702_why-every-cricket-fan-need-to-try-the-all-cricket-id-gaming-platform.html) start-up<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>17 November 2021<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
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+<br>About sharing<br>
+<br>By Douglas Fraser<br>
+<br>Business and economy editor, Scotland<br>
+<br>Among [Scotland's](https://miggoo.com.br/read-blog/2674_how-are-betting-odds-calculated.html) most [effective innovation](https://fishtanklive.wiki/User:Alejandrina2616) teams is beginning once again with a [brand-new firm](https://redmonde.es/read-blog/197_how-to-attract-users-to-my-fantasy-sports-platform.html) - and has secured the biggest preliminary financial investment of any [British](https://social.engagepure.com/read-blog/831_how-much-are-americans-spending-on-sports-betting.html) .<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>BetDEX is being led by Nigel Eccles, who co-founded dream [sports betting](https://www.ayuujk.com/read-blog/89_just-how-much-are-americans-investing-in-sports-betting.html) website FanDuel in 2009 in [Edinburgh](https://napvibe.com/read-blog/3182_missouri-sports-betting-ballot-measure-approved-by-voters.html).<br>
+<br>The new firm has seed financing of $21m.<br>
+<br>It aims to release a new open source software application platform, on which others can [innovate](https://bundas24.com/read-blog/180671_how-to-attract-users-to-my-fantasy-sports-platform.html) in [sports betting](https://chat.app8station.com/read-blog/3226_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) wagering, in the first half of next year.<br>
+<br>The company is hiring personnel from a base in Scotland.<br>
+<br>FanDuel was sold to [Flutter -](https://pittsburghpenguinsclub.com/read-blog/11550_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) formerly [named Paddy](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:GabrieleHarbin) [Power Betfair](https://globalunitedspirits.com/read-blog/3642_online-betting-firms-gamble-on-soccer-mad-nigeria.html) - in 2018 and is now worth more than $30bn.<br>
+<br>However, Mr Eccles and other co-founders are in legal dispute with FanDuel's later [stage financiers](http://www.vokipedia.de/index.php?title=Benutzer:MalloryTown5658) over the method which they [structured](https://catvcommunity.com.tr/read-blog/4470_the-history-of-the-nfl-and-how-to-bet-on-it.html) a takeover, which left the [Edinburgh team](https://www.amedaychats.com/read-blog/883_things-you-need-to-know-about-rafting-adventures.html) without a share of the [rising assessment](https://nexthub.live/read-blog/108_online-betting-firms-gamble-on-soccer-mad-nigeria.html).<br>
+<br>Mr Eccles said that a person thing he gained from the FanDuel experience was to choose investors thoroughly.<br>
+<br>He informed BBC Scotland: "We took a great deal of lessons from that, among which was the value of who we pick as financiers in this brand-new company, to guarantee their values are lined up with ours, that they take their fiduciary responsibilities properly, and that they're the ideal partners for us."<br>
+<br>The $21m seed funding for BetDEX consists of stakes taken by 7 backers of US [technology](https://comunidadebrasilbr.com/read-blog/14359_the-ins-and-outs-of-betting-on-the-nfl-draft.html) companies, consisting of two large funds - [Paradigm](https://wheeoo.com/read-blog/57802_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) and FTX - which specialise in investing in [business running](https://dev.fleeped.com/read-blog/82_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) with [crypto-currencies](https://cheere.org/read-blog/36309_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html).<br>
+<br>Varun Sudhakar, primary executive of BetDEX, stated: "The [sports betting](https://strimsocial.net/read-blog/19029_exploring-the-sports-betting-industry-putting-ideas-into-practice.html) wagering market charges high prices for bad products and limits trades by its most effective users.<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>"BetDEX is diametrically opposed to this [technique](https://sundaycareers.com/read-blog/2759_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html). We will effectively complete against incumbents with a considerably exceptional item and low charges, which is now possible with the development of the blockchain innovation."<br>
+<br>As chairman of the new firm, Mr Eccles said it might look familiar to retail punters utilized to existing online firms.<br>
+<br>'Pool of talent'<br>
+<br>However, he states that those who utilize its platform to run their own [sports betting](https://ekotur.online/sports-betting/online-betting-firms-gamble-on-soccer-mad-nigeria/) firms will have the ability to innovate and develop a larger variety of wagering products.<br>
+<br>He stated the common share taken by online bookmakers is 7% to 10% of a stake, but BetDEX ought to allow for that to fall below 1%.<br>
+<br>The business will develop its own wagering apps to run on the platform.<br>
+<br>Mr Eccles said these would take an "smart, thoughtful" method to the method they are marketed to secure those who have problem with problem gambling.<br>
+<br>He said the team of around 500 software application engineers who assisted develop FanDuel from Scotland showed that it remains the place to build a firm. BetDEX has the very same head of technology, Stuart Tonner.<br>
+<br>"A lot of that [FanDuel] success was built on a highly skilled, very talented engineering team, that developed this item that might [process millions](https://mixup.wiki/index.php/User:ShermanRutledge) of bets and millions of users.<br>
+<br>"There's a real talent swimming pool of knowledgeable engineers who assisted us construct our item which's what we desire to leverage for BetDEX too."<br>
+<br>Related subjects<br>
+<br>Edinburgh<br>
+<br>[Sports betting](https://ozoms.com/read-blog/11127_things-you-need-to-learn-about-rafting-adventures.html)<br>
+<br>More on this story<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>Paddy Power buys fantasy [sports betting](https://accc.rcec.sinica.edu.tw/mediawiki/index.php?title=User:GabrieleHarbin) site<br>
+<br>23 May 2018<br>
+<br>FanDuel creator leaves business<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>Published<br>
+<br>20 November 2017<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)