FanDuel founders launch crypto casino, raise $6m in seed funding

BetHog, a new crypto-based casino and sports betting site founded by the co-founders of FanDuel, launched with $6 million in seed funding to deliver innovative games and expand its global reach.

The funding round was led by investment firm 6MV, with contributions from Will Ventures, Bullpen Capital and other investors. BetHog was founded by Nigel Eccles and Rob Jones, co-founders of sports betting platform FanDuel.

According to the company’s statement, BetHog aims to stand out in the online gambling space by combining casino games with unique, skill-based options and a “play-along” experience.

These innovations include BetHog Originals, exclusive games created in-house, as well as popular games from established studios such as Pragmatic and Evolution. The platform adds a social element to the gaming experience by allowing users to play together with streamers.

BetHog is built on Solana

Built on the Solana (SOL) blockchain, BetHog uses SOL as the main currency for player-to-player games while accepting Bitcoin (BTC), Ethereum (ETH), and USDT (USDT) for other games. Blockchain technology offers transparency to players by enabling “provably fair” games where players can verify that game outcomes have not been manipulated. This transparency addresses fairness concerns in online gambling, a growing trend in crypto gaming.

Funds raised from this seed round will be used to expand BetHog’s game selection, improve user experience and establish strategic partnerships to expand its reach. Although the platform is accessible worldwide, it is unavailable in certain jurisdictions, including the US and the UK.