BetHog Launches: New Cryptocurrency Casino and Sportsbook

A new cryptocurrency casino and sportsbook from the founders of FanDuel has officially launched.

Overview of BetHog

BetHog went live on Tuesday with $6 million in seed funding. The funding round was led by 6MV and included contributions from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several notable angel investors like Chris Grove, Partner Emeritus at Eilers & Krejcik, LLC, and Josh Hannah, co-founder of Flutter Entertainment.

Founded by tech entrepreneurs Nigel Eccles and Rob Jones, who co-founded FanDuel in 2009, BetHog aims to establish itself in the competitive online gaming market. FanDuel held a significant lead in U.S. sports betting with a market share of 42% in 2022 and generated $3.23 billion in revenue.

Game Offerings

BetHog has launched its platform with various casino games, including exclusive BetHog Originals, as well as games from well-known studios such as Pragmatic and Evolution. The BetHog Originals feature unique variants of popular games such as crash and mines, alongside innovative player-versus-player (PvP) options allowing users to engage with popular streamers.

Some games featured at launch include HODL (Crash for memecoins), Thermonuclear Boars (Mines), and Liar’s Dice.

Vision and Technology

Eccles emphasized the rapid growth of the crypto casino market, driven by innovations like provably fair games and strong VIP programs. He expressed a desire to further innovate with unique and visually appealing games at BetHog. The casino platform is built on Solana, with SOL serving as the primary token for its PvP offerings. Additionally, BetHog will accept Bitcoin, Ether, and USDT for other titles.

With this initial funding, BetHog plans to focus on product development and expand its business through strategic partnerships. The company currently has a workforce of 10 employees.

Investor Support

Serge Kassardjian, General Partner at 6MV, expressed enthusiasm about the investment, stating that he believes BetHog is well-positioned to tap into the growing market of innovative online casinos, which will appeal to both crypto and non-crypto gamers seeking a unique gambling experience.