A new online gambling platform, BetHog, has been launched in select regions, offering players a crypto sportsbook and casino. The platform was created by Nigel Eccles and Rob Jones, who were previously involved in founding FanDuel. With the surge in Bitcoin prices, reaching over $90K this week, the launch of BetHog comes at an opportune time.
The crypto casino market has been rapidly expanding, driven by innovative features such as provably fair games and robust VIP programs. BetHog aims to take this innovation further by introducing unique and visually appealing games to the market. Some of the exclusive games on the platform include HODL, Thermonuclear Boars, and Liar’s Dice, alongside offerings from Pragmatic and Evolution.
Built on the Solana blockchain platform, BetHog operates with the SOL token for its PvP titles, while also accepting Bitcoin, Ethereum, and Tether. The platform received $6M in its initial funding round led by 6MV, a gaming-focused venture capital firm, with participation from other investors like Will Ventures and Bullpen Capital.
The funding will be used for product development and strategic partnerships to enhance the platform further. Serge Kassardjian, a general partner at 6MV, expressed optimism about BetHog’s potential to become a leading online casino and betting platform in the crypto era.
While BetHog is currently not available in the US or most of Europe, there are plans to expand to these regions in the future, as mentioned by Eccles. The platform is licensed in Anjouan, an island located in the Indian Ocean. This launch follows the recent debut of BetDEX Exchange, a crypto sportsbook based in Scotland.
In light of a recent hacking incident at another cryptocurrency online casino, MetaWin, where $4M was lost, security and reliability are paramount concerns for platforms like BetHog. With a focus on providing a differentiated and enjoyable gambling experience, BetHog aims to attract a diverse audience of both crypto and non-crypto gamers.
As the price of Bitcoin continues to rise, driven by speculation around regulatory changes under the new Trump administration, the launch of BetHog signifies a significant move in the online gambling industry. By leveraging blockchain technology and offering a range of innovative games, BetHog is poised to make its mark in the competitive world of crypto online casinos.
