- BetDEX says industry low flat fees of 3% of net winnings, and no discriminatory account restrictions are all tailored towards winning bettors

- The BetDEX Exchange is licensed and regulated in Ireland, providing a compliant and legal exchange to its global player base

Today BetDEX Labs (“BetDEX") announced the launch of the BetDEX Exchange, a sports betting exchange built for bettors looking to place their bet at a great price with no restrictions. The BetDEX Exchange provides highly competitive odds across popular betting markets, including soccer, baseball, basketball, hockey, cricket, football and more. Unlike other platforms, users do not incur premium charges or discriminatory account restrictions for being a winning bettor.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240530304658/en/

Champions League final odds from comparison site OddsJam on 29th May. BetDEX's odds are routinely among the best compared to over 20 different sportsbooks and exchanges integrated with the site. (Graphic: Business Wire)

The BetDEX Exchange offers one of the lowest fees in the industry - only 3% on net winnings; with bettors only paying if they win. The BetDEX Exchange has stated that it will never penalise its users for winning, and will always strive to provide its customers with access to the best odds and deep liquidity. Customers can deposit in crypto or fiat to fund their player account.

Varun Sudhakar, CEO and Co-Founder of BetDEX Labs, said: “The core of the BetDEX team were early developers and employees at FanDuel, Betfair, BetDAQ, and BoyleSports, motivated to democratise access to sports betting. While sports betting is a massive industry with over $2 trillion dollars traded every year, hidden fees and arbitrary limits on winners have created an extremely poor player experience. We founded BetDEX on the belief that players should not be penalised for their success, and we are proud to launch a sports betting exchange that is built for the bettor.”

Since the beta launch over a year ago, the BetDEX Exchange has grown from taking bets for the FIFA World Cup to now offering a wide variety of betting markets on numerous sports including soccer, football, tennis, hockey, basketball, MMA, e-sports, and more. As a result of this rapid expansion, BetDEX now offers over 20 times as many markets year-over-year with great prices and deep liquidity, providing bettors with the variety and choice they expect from a top tier sports betting exchange. The BetDEX Exchange is licensed and regulated in Ireland, providing a compliant and legal exchange to its global player base.

For additional information regarding the BetDEX Exchange please visit: https://www.betdex.com/. Follow BetDEX @BetDEXLabs.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240530304658/en/

nick@freerconsultancy.com

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