Sports Betting Innovator Launches new Start-up
NicholeWoo
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<a href="https://register.bet9ja.com/?btag=yohaig&promocode=yohaig"; target="_blank" aria-label="Register at Bet9ja with promotion code YOHAIG - Opens in new window"><img src="https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-16.jpg"; width="300" height="250" alt="Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus" title="Use promotion code YOHAIG when registering at Bet9ja to claim your N100,000 bonus" loading="lazy"></a><p><a href="https://djceokat.com/@wyattashmore94?page=about">sports betting</a> wagering innovator <a target="_blank" href="https://ubuntushows.com/@marlonvargas37?page=about">launches</a>; <a href="https://champ217.flixsterz.com/@rochelldoolitt?page=about">brand-new</a>; start-up</p><a target="_blank" href="https://register.bet9ja.com/?btag=yohaig&promocode=yohaig"; target="_blank" aria-label="Register at Bet9ja with promotion code YOHAIG - Opens in new window"><img src="https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-2.jpg"; width="300" height="250" alt="Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus" title="Use promotion code YOHAIG when registering at Bet9ja to claim your N100,000 bonus" loading="lazy"></a>
<p>17 November 2021</p><a href="https://register.bet9ja.com/?btag=yohaig&promocode=yohaig"; target="_blank" aria-label="Register at Bet9ja with promotion code YOHAIG - Opens in new window"><img src="https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-10.jpg"; width="300" height="250" alt="Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus" title="Use promotion code YOHAIG when registering at Bet9ja to claim your N100,000 bonus" loading="lazy"></a>
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<p>By Douglas Fraser</p>
<p>Business and economy editor, Scotland</p>
<p>One of Scotland's most <a target="_blank" href="http://qiriwe.com/@tracioxp463815?page=about">successful innovation</a> teams is starting again with a new firm - and has actually secured the biggest initial investment of any British start-up business.</p>
<p>BetDEX is being led by Nigel Eccles, who <a target="_blank" href="https://beta.hoofpick.tv/@judy80e3221315?page=about">co-founded fantasy</a> <a target="_blank" href="https://snapfyn.com/fannie30650736">sports betting</a> website FanDuel in 2009 in Edinburgh.</p>
<p>The brand-new company has seed funding of $21m.</p>
<p>It intends to launch a <a target="_blank" href="https://www.viewtubs.com/@rainabarriento?page=about">brand-new</a>; open source software application platform, on which others can innovate in <a target="_blank" href="https://datingice.com/@sherripidgeon0">sports betting</a>, in the very first half of next year.</p>
<p>The company is recruiting staff from a base in Scotland.</p>
<p><a href="https://tube.1877.to/@horaciomarston?page=about">FanDuel</a>; was sold to Flutter - formerly called <a target="_blank" href="https://signedsociety.com/@dedraphilp7407?page=about">Paddy Power</a> Betfair - in 2018 and is now worth more than $30bn.</p>
<p>However, Mr Eccles and other <a target="_blank" href="https://digitalafterlife.org/@robin926894912?page=about">co-founders</a>; are in <a href="https://discovertalent.com/wendiheidenrei">legal disagreement</a> with <a href="http://carnalvideo.com/@jaredarledge59?page=about">FanDuel's</a>; later <a target="_blank" href="https://play.sarkiniyazdir.com/@clarissagood03?page=about">phase investors</a> over the method which they <a href="https://www.viewtubs.com/@rainabarriento?page=about">structured</a>; a takeover, which left the <a target="_blank" href="http://carpetube.com/@april298789367?page=about">Edinburgh</a>; group without a share of the <a href="https://video3.testsoftwares.site/@valeriar057024?page=about">rising evaluation</a>.</p>
<p>Mr <a target="_blank" href="http://web.nashtv.net/@rodgerthrelfal?page=about">Eccles stated</a> that a person thing he discovered from the FanDuel experience was to select investors thoroughly.</p>
<p>He told BBC Scotland: "We took a lot of lessons from that, one of which was the importance of who we pick as investors in this new business, to ensure their values are aligned with ours, that they take their fiduciary tasks properly, which they're the best partners for us."</p>
<p>The $21m seed <a href="https://askmilton.tv/@kentonroney350?page=about">funding</a>; for <a href="https://bogazicitube.com.tr/@chauesposito8?page=about">BetDEX consists</a> of stakes taken by 7 backers of US <a href="https://tube.denthubs.com/@dominikdonnith?page=about">innovation</a>; companies, including two large funds - Paradigm and FTX - which specialise in purchasing business operating with crypto-currencies.</p>
<iframe width='640' height='360' src='
frameborder='0' allowfullscreen title='sports betting (c) by N/A'></iframe><div style="clear:both;"></div><p>Varun Sudhakar, president of BetDEX, said: "The <a target="_blank" href="https://haitianpie.net/@delphiahinder?page=about">sports betting</a> wagering market charges high costs for poor items and limitations trades by its most effective users.</p>
<p>"BetDEX is diametrically opposed to this method. We will successfully compete versus incumbents with a significantly superior product and low charges, which is now possible with the arrival of the <a target="_blank" href="http://bertogram.com/calvinplayfair">blockchain technology</a>."</p>
<p>As chairman of the brand-new firm, Mr Eccles stated it could look familiar to retail punters utilized to existing online firms.</p>
<p>'Pool of talent'</p>
<p>However, he says that those who use its platform to run their own wagering firms will be able to innovate and create a wider series of wagering products.</p>
<p>He stated the typical share taken by online bookmakers is 7% to 10% of a stake, however BetDEX ought to permit that to fall below 1%.</p>
<p>The company will establish its own <a href="https://cameotv.cc/@donetteclement?page=about">sports betting</a> apps to operate on the platform.</p>
<p>Mr Eccles said these would take an "smart, thoughtful" method to the method they are marketed to secure those who struggle with issue gaming.</p>
<p>He stated the group of around 500 software engineers who helped develop FanDuel from Scotland showed that it stays the location to construct a company. BetDEX has the very same head of innovation, Stuart Tonner.</p>
<p>"A great deal of that [FanDuel] success was constructed on an extremely experienced, extremely skilled engineering team, that developed this item that could process millions of bets and countless users.</p>
<p>"There's a real skill pool of knowledgeable engineers who assisted us develop our item which's what we desire to utilize for BetDEX as well."</p>
<p>Related subjects</p>
<p>Edinburgh</p>
<p><a href="https://hindichudaikahani.com/@halinamoffet82?page=about">sports betting</a> wagering</p>
<p>More on this story</p>
<p>Paddy Power buys dream <a href="https://www.nickiminajtube.com/@alejandrothurs?page=about">sports betting</a> site</p>
<p>23 May 2018</p>
<p><a href="https://myclassictv.com/@vallieidriess?page=about">FanDuel founder</a> leaves company</p><iframe width="640" height="360" src="//www.youtube.com/embed/0DAKmmG_ecQ" frameborder="0" allowfullscreen style="float:left;padding:10px 10px 10px 0px;border:0px;"></iframe>
<p>Published</p>
<p>20 November 2017</p><a target="_blank" href="https://landing.bet9ja.com/aviator-bet9ja?btag=yohaig&promocode=yohaig"><img src="https://www.yohaig.ng/wp-content/uploads/images/gambling/sports betting/bet9ja/Bet9ja-Aviator-300x250.png" width="300" height="250" alt="Play Aviator virtual betting crash game on the Bet9ja platform" title="Click to play Aviator - The popular virtual betting game at Bet9ja" loading="lazy"></a>
<p>17 November 2021</p><a href="https://register.bet9ja.com/?btag=yohaig&promocode=yohaig"; target="_blank" aria-label="Register at Bet9ja with promotion code YOHAIG - Opens in new window"><img src="https://www.yohaig.ng/wp-content/uploads/2020/12/bet9ja-mobile-registration-10.jpg"; width="300" height="250" alt="Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus" title="Use promotion code YOHAIG when registering at Bet9ja to claim your N100,000 bonus" loading="lazy"></a>
<p>Share</p>
<p>close panel</p>
<p>Share page</p>
<p>Copy link</p>
<p>About sharing</p>
<p>By Douglas Fraser</p>
<p>Business and economy editor, Scotland</p>
<p>One of Scotland's most <a target="_blank" href="http://qiriwe.com/@tracioxp463815?page=about">successful innovation</a> teams is starting again with a new firm - and has actually secured the biggest initial investment of any British start-up business.</p>
<p>BetDEX is being led by Nigel Eccles, who <a target="_blank" href="https://beta.hoofpick.tv/@judy80e3221315?page=about">co-founded fantasy</a> <a target="_blank" href="https://snapfyn.com/fannie30650736">sports betting</a> website FanDuel in 2009 in Edinburgh.</p>
<p>The brand-new company has seed funding of $21m.</p>
<p>It intends to launch a <a target="_blank" href="https://www.viewtubs.com/@rainabarriento?page=about">brand-new</a>; open source software application platform, on which others can innovate in <a target="_blank" href="https://datingice.com/@sherripidgeon0">sports betting</a>, in the very first half of next year.</p>
<p>The company is recruiting staff from a base in Scotland.</p>
<p><a href="https://tube.1877.to/@horaciomarston?page=about">FanDuel</a>; was sold to Flutter - formerly called <a target="_blank" href="https://signedsociety.com/@dedraphilp7407?page=about">Paddy Power</a> Betfair - in 2018 and is now worth more than $30bn.</p>
<p>However, Mr Eccles and other <a target="_blank" href="https://digitalafterlife.org/@robin926894912?page=about">co-founders</a>; are in <a href="https://discovertalent.com/wendiheidenrei">legal disagreement</a> with <a href="http://carnalvideo.com/@jaredarledge59?page=about">FanDuel's</a>; later <a target="_blank" href="https://play.sarkiniyazdir.com/@clarissagood03?page=about">phase investors</a> over the method which they <a href="https://www.viewtubs.com/@rainabarriento?page=about">structured</a>; a takeover, which left the <a target="_blank" href="http://carpetube.com/@april298789367?page=about">Edinburgh</a>; group without a share of the <a href="https://video3.testsoftwares.site/@valeriar057024?page=about">rising evaluation</a>.</p>
<p>Mr <a target="_blank" href="http://web.nashtv.net/@rodgerthrelfal?page=about">Eccles stated</a> that a person thing he discovered from the FanDuel experience was to select investors thoroughly.</p>
<p>He told BBC Scotland: "We took a lot of lessons from that, one of which was the importance of who we pick as investors in this new business, to ensure their values are aligned with ours, that they take their fiduciary tasks properly, which they're the best partners for us."</p>
<p>The $21m seed <a href="https://askmilton.tv/@kentonroney350?page=about">funding</a>; for <a href="https://bogazicitube.com.tr/@chauesposito8?page=about">BetDEX consists</a> of stakes taken by 7 backers of US <a href="https://tube.denthubs.com/@dominikdonnith?page=about">innovation</a>; companies, including two large funds - Paradigm and FTX - which specialise in purchasing business operating with crypto-currencies.</p>
<iframe width='640' height='360' src='
frameborder='0' allowfullscreen title='sports betting (c) by N/A'></iframe><div style="clear:both;"></div><p>Varun Sudhakar, president of BetDEX, said: "The <a target="_blank" href="https://haitianpie.net/@delphiahinder?page=about">sports betting</a> wagering market charges high costs for poor items and limitations trades by its most effective users.</p><p>"BetDEX is diametrically opposed to this method. We will successfully compete versus incumbents with a significantly superior product and low charges, which is now possible with the arrival of the <a target="_blank" href="http://bertogram.com/calvinplayfair">blockchain technology</a>."</p>
<p>As chairman of the brand-new firm, Mr Eccles stated it could look familiar to retail punters utilized to existing online firms.</p>
<p>'Pool of talent'</p>
<p>However, he says that those who use its platform to run their own wagering firms will be able to innovate and create a wider series of wagering products.</p>
<p>He stated the typical share taken by online bookmakers is 7% to 10% of a stake, however BetDEX ought to permit that to fall below 1%.</p>
<p>The company will establish its own <a href="https://cameotv.cc/@donetteclement?page=about">sports betting</a> apps to operate on the platform.</p>
<p>Mr Eccles said these would take an "smart, thoughtful" method to the method they are marketed to secure those who struggle with issue gaming.</p>
<p>He stated the group of around 500 software engineers who helped develop FanDuel from Scotland showed that it stays the location to construct a company. BetDEX has the very same head of innovation, Stuart Tonner.</p>
<p>"A great deal of that [FanDuel] success was constructed on an extremely experienced, extremely skilled engineering team, that developed this item that could process millions of bets and countless users.</p>
<p>"There's a real skill pool of knowledgeable engineers who assisted us develop our item which's what we desire to utilize for BetDEX as well."</p>
<p>Related subjects</p>
<p>Edinburgh</p>
<p><a href="https://hindichudaikahani.com/@halinamoffet82?page=about">sports betting</a> wagering</p>
<p>More on this story</p>
<p>Paddy Power buys dream <a href="https://www.nickiminajtube.com/@alejandrothurs?page=about">sports betting</a> site</p>
<p>23 May 2018</p>
<p><a href="https://myclassictv.com/@vallieidriess?page=about">FanDuel founder</a> leaves company</p><iframe width="640" height="360" src="//www.youtube.com/embed/0DAKmmG_ecQ" frameborder="0" allowfullscreen style="float:left;padding:10px 10px 10px 0px;border:0px;"></iframe>
<p>Published</p>
<p>20 November 2017</p><a target="_blank" href="https://landing.bet9ja.com/aviator-bet9ja?btag=yohaig&promocode=yohaig"><img src="https://www.yohaig.ng/wp-content/uploads/images/gambling/sports betting/bet9ja/Bet9ja-Aviator-300x250.png" width="300" height="250" alt="Play Aviator virtual betting crash game on the Bet9ja platform" title="Click to play Aviator - The popular virtual betting game at Bet9ja" loading="lazy"></a>
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