Betable Raises New Round Of Funds For Real-Money Gambling

[image credit : Betable]

Real-money gaming company Betable is reported to have raised a new round of funding led by early stage venture capital firm Venture51.

Although Betable is yet to comment, pandodaily.com reports the round is for $15m to $20m (€11.4m to €15.2m) and values the firm at between $80m and $100m.

Betable made the move to real-money gaming in 2012 and offered investors the chance to cash out at the time. After just one opted to leave, the firm remains supported by a list of backers including Venture51 and now offers a service allowing regular social game developers to add an element of real-money gambling to their games.

The firm handles the processing, legality and compliance of real-money gambling regardless of gamers’ geographical locations.

bitcoin
Bitcoin (BTC) $ 99,315.61 0.86%
ethereum
Ethereum (ETH) $ 3,289.74 2.06%
tether
Tether (USDT) $ 1.00 0.02%
solana
Solana (SOL) $ 254.16 0.76%
bnb
BNB (BNB) $ 622.94 0.33%
xrp
XRP (XRP) $ 1.45 22.41%
dogecoin
Dogecoin (DOGE) $ 0.400724 3.43%
usd-coin
USDC (USDC) $ 1.00 0.09%
cardano
Cardano (ADA) $ 0.972666 21.68%
staked-ether
Lido Staked Ether (STETH) $ 3,292.02 1.93%
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)
   
$0.0000  $0.0000  (0.00%)