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) $ 17,118.58 0.54%
ethereum
Ethereum (ETH) $ 1,271.94 0.56%
tether
Tether (USDT) $ 1.00 0.10%
bnb
BNB (BNB) $ 290.58 0.50%
usd-coin
USD Coin (USDC) $ 1.00 0.02%
binance-usd
Binance USD (BUSD) $ 1.00 0.19%
xrp
XRP (XRP) $ 0.392838 0.20%
dogecoin
Dogecoin (DOGE) $ 0.100756 1.64%
cardano
Cardano (ADA) $ 0.319249 0.73%
matic-network
Polygon (MATIC) $ 0.918903 0.02%
S&P 500  ^GSPC 
$3,941.26  $57.58  (-1.44%)
Dow Jones Industrial Average  ^DJI 
$33,596.34  $350.76  (-1.03%)
NASDAQ Composite  ^IXIC 
$11,014.89  $225.05  (-2.00%)
Russell 2000  ^RUT 
$1,812.58  $27.65  (-1.50%)
Crude Oil Jan 23  F*CL.NYM 
$74.63  $0.3800  (0.51%)
   
$0.0000  $0.0000  (0.00%)