BetDEX Exchange Announces New Remote Betting Intermediary License in Ireland

In a groundbreaking move for the world of online sports betting, BetDEX Labs Inc. (BetDEX) has proudly announced the acquisition of a remote betting intermediary license in Ireland. This license acquisition, which officially came into effect on July 1, marks a significant step forward for the BetDEX Exchange, granting it the authority to provide a diverse range of online sports betting services within Ireland. This move not only strengthens BetDEX's foothold within the European Union but also highlights its commitment to global expansion through innovative blockchain technology.

BetDEX Exchange gained widespread attention when it became the pioneer in licensed and regulated sports betting exchanges built on blockchain technology, securing an online gambling license from the Isle of Man in October 2022. The recent granting of the remote betting intermediary license in Ireland further cements BetDEX's reputation as a transformative force within the betting industry.

With the BetDEX Exchange now accessible to Irish bettors, they are set to experience an array of benefits, including enhanced speed, reduced costs, and heightened flexibility when compared to traditional competitors. The Exchange distinguishes itself as entirely non-custodial, ensuring that player funds are never under BetDEX's control. Wagers are facilitated through transparent, audited, and public smart contracts on the blockchain. Upon settlement, winnings are immediately transferred to the winner's wallet. This innovative approach permits BetDEX to provide more competitive spreads and fractional fees compared to conventional bookmakers.

It's interesting to note that the licencing licence was granted at the same time as cricket and tennis markets began accepting in-play wagers on July 3. As a critical segment of the sports betting industry, in-play markets contribute to over 50% of global sports betting turnover. As BetDEX continually expands its offerings, users will be able to engage in side markets, such as betting on the game and set winners in tennis, as well as predicting the number of goals and goal scorers across English and European football leagues.