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The first fully licensed and regulated sports betting exchange built on blockchain technology, Betdex, has been granted a betting licence in Ireland.
Betdex also received an online gambling licence from the Isle of Man back in October 2022.
The company said the licensing approval coincides with the introduction of in-play bets for cricket and tennis markets.
Bettors on the exchange will also be able to bet on side markets, including game and set winners in tennis matches, as well as a number of goals and goal scorers for the English and European football leagues.
Alongside its recent efforts, the company is expected to launch betting markets for other sports and leagues, including the Rugby World Cup, the ICC Men’s Cricket World Cup as well as cycling.
Betdex CEO, Varun Sudhakar, said: “As a UK-headquartered company with a local presence in Ireland, the Betdex team is excited to enter a new but familiar territory of operation.
“Ireland has a rich history of being at the forefront of sports betting advancements, and while this license provides Irish citizens with the opportunity to bet using our platform, it also introduces the region to the power and benefits of blockchain and web3 technologies.
“We’re confident this will continue to advance the adoption of web3 betting platforms across the globe.”
Betdex Chairman, Nigel Eccles, said: “Ireland has long been a leader in innovation and adoption of new technologies. I am proud to be able to bring the Betdex exchange back to my native country.”
