DuelNow

Overview
Sports Tech?
Product stageSegments
Minimum Viable Product
?
Sports betting and fantasy platforms
?

DuelNow is a decentralized sports betting marketplace that operates on the Ethereum Layer-2 blockchain, Arbitrum. The platform offers a peer-to-peer betting experience, eliminating the traditional house advantage found in conventional betting systems. DuelNow's technology enables users to create custom predictions, set odds, and compete directly with other bettors. This approach results in lower fees and higher payouts for users. The platform prioritizes transparency, speed, and a bettor-centric experience. As of August 2024, DuelNow supported betting on NFL, MLB, NBA, and MMA events, with plans to expand to additional sports in the future. The company aims to disrupt the betting industry by removing heavy sign-up requirements, disadvantageous odds-making, financial exclusivity, inflexibility, and poor user experience often associated with traditional betting platforms.

HQ location:
Lisbon PRT
Founded year:
2023
Employees:
11-50
IPO status:
Private
Total funding:
USD 11.0 mn
Last Funding:
USD 11.0 mn (Seed; Aug 2024)
Last valuation:
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Product Overview
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Product Metrics
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Company profile
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