BetHog Launches with $6 Million in Seed Funding to Disrupt Crypto Gambling

BetHog, a new crypto-based casino and sportsbook founded by the co-founders of FanDuel, has officially launched with $6 million in seed funding. The platform is designed to offer innovative games and expand its global reach in the online gambling industry.

The funding round was led by 6MV, with additional contributions from Will Ventures, Bullpen Capital, and other investors. Nigel Eccles and Rob Jones, the original co-founders of FanDuel, are behind BetHog’s creation.

According to a company release, BetHog aims to differentiate itself in the crowded online gambling market by combining traditional casino games with unique, skill-based options and a “play-along” experience. These innovations include BetHog Originals, a set of exclusive in-house games, as well as popular titles from well-established gaming studios like Pragmatic and Evolution. Additionally, the platform integrates a social element, allowing users to play alongside live streamers for a more interactive experience.

Built on the Solana Blockchain

BetHog is built on the Solana blockchain, using SOL as the primary currency for player-versus-player games, while also supporting payments in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) for other types of games. The use of blockchain technology ensures transparency by enabling “provably fair” games, which allow players to verify that the outcomes are not manipulated. This addresses a common concern in the online gambling space, which is becoming more important as crypto gaming grows.

The funds raised in this seed round will be used to expand BetHog’s game selection, enhance the user experience, and establish strategic partnerships to broaden its reach. While the platform is accessible globally, it is not available in certain regions, including the U.S. and the U.K..