Add 'Sports Betting Innovator Launches Brand-new Start-up'

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

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+<br>[sports betting](https://redmonde.es/read-blog/189_uk-betting-firms-gamble-on-united-states-after-sports-wager-ruling.html) wagering innovator [launches brand-new](https://bence.net/read-blog/6368_sports-minister-tracey-crouch-resigns-over-039-delay-039-to-betting-crackdown.html) start-up<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>17 November 2021<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
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+<br>About sharing<br>
+<br>By Douglas Fraser<br>
+<br>Business and economy editor, Scotland<br>
+<br>Among Scotland's most effective technology groups is beginning once again with a brand-new firm - and has [secured](https://www.tobeop.com/best-u-s-sports-betting-sites-sportsbooks-for-2024/) the greatest initial investment of any British start-up business.<br>
+<br>BetDEX is being led by Nigel Eccles, who co-founded dream [sports betting](https://connectworld.app/read-blog/222_tennessee-sports-betting-top-4-legal-betting-sites-in-2024.html) wagering site FanDuel in 2009 in Edinburgh.<br>
+<br>The new company has seed funding of $21m.<br>
+<br>It intends to launch a [brand-new](https://doum.cn/read-blog/2193_how-much-are-americans-investing-in-sports-betting.html) open source software application platform, on which others can innovate in [sports betting](https://social.vetmil.com.br/read-blog/15500_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) wagering, in the first half of next year.<br>
+<br>The business is hiring staff from a base in Scotland.<br>
+<br>FanDuel was sold to [Flutter -](https://nbc.co.uk/read-blog/143_sport-betting-industry-aims-to-protect-itself.html) formerly named Paddy Power Betfair - in 2018 and is now worth more than $30bn.<br>
+<br>However, Mr Eccles and other co-founders remain in legal conflict with [FanDuel's](https://letustalk.co.in/read-blog/11495_just-how-much-are-americans-spending-on-sports-betting.html) later phase financiers over the method in which they [structured](https://jamesrodriguezclub.com/read-blog/6206_things-you-need-to-learn-about-rafting-adventures.html) a takeover, which left the Edinburgh team without a share of the increasing valuation.<br>
+<br>Mr Eccles said that one thing he gained from the FanDuel experience was to select investors carefully.<br>
+<br>He told BBC Scotland: "We took a great deal of lessons from that, among which was the significance of who we pick as investors in this brand-new business, to ensure their worths are lined up with ours, that they take their fiduciary responsibilities responsibly, which they're the ideal partners for us."<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>The $21m seed financing for BetDEX includes stakes taken by 7 backers of US technology firms, [including](https://higgledy-piggledy.xyz/index.php/User:LaylaHuggins2) two big [funds -](https://flowsocial.xyz/read-blog/588_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Paradigm and FTX - which specialise in purchasing business [running](https://devnew.judefly.com/index.php?link1=read-blog&id=3241_for-sports-gambling-to-be-legalised.html) with crypto-currencies.<br>
+<br>Varun Sudhakar, [president](https://www.social.united-tuesday.org/read-blog/19493_sport-betting-industry-seeks-to-protect-itself.html) of BetDEX, said: "The [sports betting](https://letustalk.co.in/read-blog/11525_the-history-of-the-nfl-and-how-to-bank-on-it.html) wagering market charges high prices for poor products and limits trades by its most successful users.<br>
+<br>"BetDEX is diametrically opposed to this technique. We will successfully complete against incumbents with a [noticeably remarkable](https://wo.linyway.com/read-blog/1756_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html) product and low fees, which is now possible with the development of the blockchain innovation."<br>
+<br>As chairman of the new company, Mr Eccles said it could look familiar to retail punters used to existing online companies.<br>
+<br>'Pool of skill'<br>
+<br>However, he states that those who use its platform to run their own [sports betting](https://systemcheck-wiki.de/index.php?title=Benutzer:MerryMoen4) firms will be able to innovate and develop a larger variety of wagering products.<br>
+<br>He said the common share taken by online bookies is 7% to 10% of a stake, but BetDEX should enable that to fall listed below 1%.<br>
+<br>The business will establish its own wagering apps to run on the platform.<br>
+<br>Mr Eccles said these would take an "smart, thoughtful" technique to the way they are marketed to safeguard those who have problem with problem [sports betting](https://wiki.tld-wars.space/index.php/Utilisateur:HattieThorn81).<br>[bet9ja.com](https://register.bet9ja.com/?btag=yohaig&promocode=yohaig)
+<br>He said the team of around 500 software application engineers who assisted develop FanDuel from Scotland revealed that it stays the place to build a company. BetDEX has the exact same head of innovation, Stuart Tonner.<br>
+<br>"A great deal of that [FanDuel]  was [constructed](https://kiigasofthub.com/read-blog/10109_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) on a highly experienced, extremely gifted engineering group, that constructed this item that might process countless bets and countless users.<br>
+<br>"There's a real skill pool of experienced engineers who helped us develop our item which's what we desire to utilize for BetDEX also."<br>
+<br>Related subjects<br>
+<br>Edinburgh<br>
+<br>[Sports betting](https://unightlifetalk.site/read-blog/2590_things-you-need-to-learn-about-rafting-adventures.html)<br>
+<br>More on this story<br>
+<br>Paddy Power buys [fantasy](https://canadasimple.com/index.php/User:InezChill8803) [sports betting](https://devnew.judefly.com/index.php?link1=read-blog&id=3251_compare-amp-review-oddsjet-de.html) website<br>
+<br>23 May 2018<br>
+<br>FanDuel creator leaves company<br>[bit.ly](https://bit.ly/Bet9jaPromotionCodeYOHAIG)
+<br>Published<br>
+<br>20 November 2017<br>[bit.ly](https://bit.ly/AviatorGameOnlineBET9JA)