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) $ 47,716.00 1.07%
ethereum
Ethereum (ETH) $ 1,495.50 0.17%
cardano
Cardano (ADA) $ 1.25 16.55%
binance-coin
Binance Coin (BNB) $ 230.96 0.33%
tether
Tether (USDT) $ 1.01 0.40%
polkadot
Polkadot (DOT) $ 33.54 7.33%
xrp
XRP (XRP) $ 0.445544 2.74%
litecoin
Litecoin (LTC) $ 180.02 2.88%
chainlink
Chainlink (LINK) $ 25.97 4.00%
stellar
Stellar (XLM) $ 0.414564 9.02%
S&P 500  ^GSPC 
$3,811.15  $18.19  (-0.48%)
Dow Jones Industrial Average  ^DJI 
$30,932.37  $469.64  (-1.50%)
NASDAQ Composite  ^IXIC 
$13,192.35  $72.92  (0.56%)
Russell 2000  ^RUT 
$2,201.05  $0.8800  (0.04%)
Crude Oil Apr 21  F*CL.NYM 
$61.66  $1.87  (-2.94%)
   
$0.0000  $0.0000  (0.00%)