Bitbetex Jumps on the Bitcoin Gambling Bandwagon After SatoshiDice Exit
Bitbetex Launches Bitcoin Betting Exchange
Last week, Bitcoin gambling site SatoshiDice exited for $11.5 million. Now there’s a perceived gold rush for the next phase in Bitcoin gambling.
Enter Bitbetex
Bitbetex is a bitcoin betting exchange where members can trade bets with one-another on almost anything with a definitive outcome.
Tony Hatchett, who built Bitbetex, told Coindesk about his choice to focus on Bitcoin, “Generally, fees of around 3% would need to be paid to a payment facilitator but Bitcoin allows us to remove that overhead completely. Secondly, Bitcoin is globally accessible, which allows us to match a bet from someone in the UK to a bet placed by someone in the US for example. No complicated currency conversions are needed.”
The site is currently in beta. Visit Bitbetex to sign up.
CC image by sincerelyhiten
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