DuelNow Secures $11 Million, Fueling Decentralized Sports Betting Revolution

CITY,
COUNTRY,
August
1,
2024
// DuelNow is
thrilled
to
announce
that
it
has
received
a
$10M
investment
commitment
from
GEM
Digital
Limited,
with
an
additional
$1m
secured
from
notable
industry
angel
investors
–
a
significant
moment
for
the
player-first
decentralized
sports
betting
marketplace.
Among
the
group
of
investors
is
Charlie
Lee,
the
creator
of
Litecoin,
Richard
Ma,
the
founder
&
CEO
of
Quantstamp,
and
Billy
Markus,
the
creator
of
Dogecoin,
as
well
as
Crypto
Rand,
Mooncat, Marc
van
der
Chijs, HardBank,
Jonathan
Lee,
Joseph
Cheong,
Ethan
(Rampage)
Yau,
Dean
Thomas,
and
more.

This
considerable
investment
delivers
a
strong
message
to
the
betting
world
–
decentralized
sports
betting
is
here,
and
it’s
here
to
stay.
Global
bettor
demand
has
been
driving
a
betting
revolution,
and DuelNow
will
be
empowering
sports
bettors to
take
complete
control
over
their
experiences.
DuelNow
utilizes
the
highly
respected
Ethereum
Layer-2
blockchain,
Arbitrum,
to
create
a
truly
peer-to-peer
betting
platform
with
absolute
transparency
and
lightning-fast
speeds,
whilst
also
taking
the
house
out
of
the
equation
resulting
in
lower
fees,
higher
payouts,
and
a
bettor-centric
experience.
$11
million
in
new
capital
will
see
DuelNow’s
industry-leading
team
dedicate
themselves
to
growth,
awareness,
and
establishing
the
platform
as
the
market
leader
while
championing
the
use
of
blockchain
technology
to
elevate
the
sports
betting
landscape.
Bettors
will
begin
to
feel
confident
in
their
additional
levels
of
control,
freedom,
and
fairness.

DuelNow
will
disrupt
the
betting
industry
and
empower
users
in
equal
measure,
redefining
standards
in
crypto
gambling
and
blockchain
betting
along
the
way.
By
eliminating
heavy
sign-up
requirements,
disadvantageous
odds-making,
financial
exclusivity,
inflexibility,
and
poor
user
experience,
DuelNow
is
catching
the
attention
of
frustrated
betters
who
believe
that
betting
shops
and
websites
should
do
better.

For
now,
NFL,
MLB,
NBA,
and
MMA
fans
can
visit
DuelNow
to
craft
a
custom
betting
experience
that
levels
the
playing
field
for
bettors
by
removing
the
house
advantage.
Additional
sports
will
be
added
as
the
product
develops. 

The
on-chain
sports
betting
market
seems
to
be
grabbing
mindshare
as
people
look
beyond
the
success
of
Polymarket’s
prediction
market.
Notable
figures
such
as Mike
Ippolito (Co-Founder
of
Blockworks)
and AltcoinPsycho have
recently
shared
their
thoughts
and
expressed
bullish
sentiment
on
the
market
segment.

DuelNow
dedicates
itself
to
listing
new
sports
and
custom
betting
options
for
personalized
competition.
This
could
see
real-life
friends
use
DuelNow
for
P2P
sports
bets
on
their
favorite
sports.
The
goal
is
to
craft
a
marketplace
where
bettors
are
empowered,
given
a
voice,
and
feel
like
they
are
in
control.
Those
who
start
using
DuelNow
in
the
short
term
will
see
the
future
of
crypto
sports
betting
disrupted
in
the
long
term,
and
the
recent
investment
funds
will
see
to
that. 

To
keep
up
with
the
latest
on
DuelNow,
follow
them
on Twitter and
sign
up
to
their
waitlist
through
their website.

–ENDS
HERE–

About
DuelNow

DuelNow
is
an
innovative
sports
prediction
marketplace
powered
by
peer-to-peer
wagers
and
prediction
marketplace
narratives
to
provide
a
bookie-free
sports
prediction
experience.
Create
custom
predictions,
set
odds,
and
compete
directly
with
others,
taking
the
house
advantage
completely
out
of
the
game
and
disrupting
the
decentralized
sports
betting
industry. 

About
GEM
Digital
Limited

GEM
Digital
Limited
is
a
digital
asset
investment
firm
based
in
The
Bahamas.
The
firm
actively
sources,
structures,
and
invests
in
utility
tokens
listed
on
over
30
CEXs
and
DEXs
globally.
Global
Emerging
Markets
(GEM)
is
a
$3.4
billion
alternative
investment
group
with
offices
in
Paris,
New
York,
and
The
Bahamas.
GEM
manages
a
diverse
set
of
investment
vehicles
focused
on
emerging
markets
and
has
completed
over
530
transactions
in
72
countries.
Each
investment
vehicle
has
a
different
degree
of
operational
control,
risk-adjusted
return,
and
liquidity
profile.
GEM’s
family
of
funds
and
investment
vehicles
provides
exposure
to
Small-Mid
Cap
Management
Buyouts,
Private
Investments
in
Public
Equities,
and
select
venture
investments.