Third parties will be able to use BetDex’s back-end infrastructure to run their betting platforms, which takes advantage of Solana’s high transaction speeds and low fees. BetDex says its protocol will charge a fee of less than 1% on net winnings, undercutting centralized competitors like FanDuel and DraftKings who typically charge 2-5%.
Solana-Based Sports Betting Protocol BetDex Closes $21M Seed Funding Round
