New Crypto Online Sportsbook, Casino Launched as Bitcoin Prices Set Records

Posted on: November 14, 2024, 07:43h. 

Last updated on: November 14, 2024, 10:19h.

Ed Silverstein @casinoorgedsilv Read More
Expertise: Legal, Tribal Gaming.

A new crypto sportsbook and casino, BetHog, has launched publicly in limited regions, the company announced this week.

Nigel Eccles and Rob Jones
Nigel Eccles (left) and Rob Jones, pictured above. The duo launched BetHog. (Image: BetHog)

The launch comes as Bitcoin hit record highs of over $90K this week (trading at $91,205.99 as of Thursday morning) following the election of Donald Trump as the 47th US president.

Some analysts predict the price of Bitcoin could surpass $100K by the end of the month, fueled by speculation the Trump administration will lessen regulations on cryptocurrency.

Principals Are Co-founders of FanDuel

BetHog was founded by Nigel Eccles and Rob Jones, who were among the co-founders of the FanDuel sportsbook.

The crypto casino market has seen dramatic growth over the past few years, driven by innovations like provably fair games, robust VIP programs, and streaming,” Eccles said in a statement. “With BetHog, my goal is to innovate even further by bringing unique and highly visual games to market. I want to offer users unique play-along and skill-based titles, combined with a robust VIP offering, but most of all, this is about maximizing fun for our users.”

The site was launched after a 10-month development period. It features exclusive BetHog games such as HODL (Crash for meme coins), Thermonuclear Boars (Mines) and Liar’s Dice. Other offerings are provided by Pragmatic and Evolution.

The BetHog casino is built on Solana, a blockchain platform while SOL is the token for the company’s PvP titles. BetHog also accepts Bitcoin, Ethereum, and Tether (USDT).

BetHog received $6M in a first round of funding led by 6MV, a venture capital firm that focuses on gaming. Other participants are Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Chris Grove, a partner emeritus at Eilers & Krejcik, LLC, and Josh Hannah, co-founder of Flutter Entertainment.

The new infusion of money will be used for product development and to work on strategic partnerships.

Serge Kassardjian, general partner at 6MV, said BetHog.is “perfectly positioned to unlock this massive opportunity to build the most innovative online casino and betting platform of this era of crypto.”

“We believe this will bring in a diverse audience of crypto and non-crypto gamers to enjoy this differentiated and fun gambling experience.”

Not Offered in US

For now, BetHog isn’t available in the US or in much of Europe. But Forbes reported this week that, eventually, BetHog wants to be available to players in these regions “where feasible.”

BetHog is licensed in Anjouan, located in the Indian Ocean off of the African coastline.

The company comes to market behind BetDEX Exchange, a Scotland-based crypto sportsbook, which was launched in May.

A few weeks ago, another cryptocurrency casino, MetaWin, was hacked, leading to the loss of $4M. The London-based online casino also operates through a license also issued from Anjouan.