November 17 on the cryptocurrency network Solana (SOL) will open sports betting exchange BetDEX Exchange, which is currently operating in a test format.
BetDEX is the first licensed Block- sports betting exchange. The company has received permission to conduct gambling from the government of the Isle of Man and provides services to residents of Europe, Asia, South America and Africa. However, the company is not registered with the Federal Tax Service of the Russian Federation and therefore does not have the right to accept bets from Russians.
The exchange will be launched ahead of the 2022 FIFA World Cup, which begins on November 20. To attract the attention of fans, the platform will not charge a commission for betting on the World Cup.
Before placing a bet on BetDEX, you need to create a coin-enabled wallet Solana and then link it to your account. After this, you need to select a match, click on the outcome and enter the bet amount. Until November 17, the site can be tested for free using the virtual currency BetCoin, which is issued to everyone once a day.
BetDEX operates based on the Monaco Protocol, which provides high liquidity sports betting markets and minimizes commission. The creators of the exchange chose Block Solana, because it has high performance. The network is capable of processing up to 50 transactions per second, and the average transaction fee is only $000.
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