Paradigm and FTX led a $21m funding round in BetDex.

Paradigm, a crypto investment firm and FTX, a crypto exchange platform, led a $21m funding round in BetDex, a decentralized sports betting protocol, with participation from Multicoin Capital, Hack VC, Lightspeed Venture Partners, Sino Global Capital, Solana Ventures, and Everblue Management. “We are thrilled to be backing a team with deep industry expertise to transform the sports betting experience. It is mind-boggling that more sports wagering does not occur on exchanges - we firmly believe in giving consumers the ability and control to set their own price and are excited to partner with BetDEX to bring this vision to fruition,” Sam Bankman-Fried, FTX CEO and Founder.