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BetDEX Labs has announced that the BetDEX Exchange will officially launch on Solana mainnet on November 17 to coincide with the beginning of the 2022 World Cup. As the first fully-licensed sports betting exchange built on a blockchain, the platform will be accepting real-money wagers on soccer. As part of the launch, BetDEX Exchange will not be charging any fees for wagers placed on World Cup matches.

“After a successful open beta we are excited to officially launch the BetDEX Exchange in select countries and territories around the world. As the world’s first fully licensed web3 sports betting exchange, we’re looking forward to onboarding members into a booming space. Launching just ahead of the world’s premier sporting event is an exciting moment as our community can wager on matches throughout the duration of the World Cup and beyond,” Varun Sudhakar, CEO and Co-Founder of BetDEX, said.

The BetDEX Exchange recently became the first fully-licensed regulated sports betting exchange on blockchain. Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange received licensed approval from the Isle of Man for all forms of online gambling and gaming, including online sports betting. The platform currently accepts wagers from countries throughout Europe, Asia, South America, and Africa. The fully non-custodial exchange is built on the Monaco Protocol.