UK betting company BetDEX has been granted a remote betting license in the Republic of Ireland.
BetDEX, who is the first fully licensed and regulated sports betting exchange built on blockchain technology, has been accepted for a remote betting license in the Republic of Ireland.
This comes following BetDEX receiving an online gambling license from the Isle of Man back in October 2022.
Those betting on the exchange will be able to bet on side markets, including a variety of English and European football leagues, as well as game and set winners in tennis.
They are also looking to expand the exchange by adding betting markets for other sports and leagues including the Rugby World Cup, the ICC Men’s Cricket World Cup as well as cycling.
BetDEX CEO, Varun Sudhakar spoke out after receiving a betting license in Ireland.
“As a UK-headquartered company with a local presence in Ireland, the BetDEX team is excited to enter a new but familiar territory of operation.
“Ireland has a rich history of being at the forefront of sports betting advancements, and while this license provides Irish citizens with the opportunity to bet using our platform, it also introduces the region to the power and benefits of blockchain and web3 technologies.
“We’re confident this will continue to advance the adoption of web3 betting platforms across the globe.”
BetDEX’s Chairman, Nigel Eccles spoke on his delight of being able to bring the exchange to his native country.
“Ireland has long been a leader in innovation and adoption of new technologies. I am proud to be able to bring the Betdex exchange back to my native country.”