Investment of $3M in sports betting with leverage, spearheaded by Blockchain Capital and Maven 11, for Monad's platform, named Lever Bet.
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Levr Bet, a pioneering leveraged sports betting exchange built on the Monad blockchain, has made significant strides in the world of decentralized sports betting. The platform, which has secured over $5.3 million in funding since 2024, recently completed a $3 million round led by Blockchain Capital and Maven 11 [2][3][5].
During its beta testnet phase, Levr Bet has attracted over 600,000 unique wallets, who have collectively placed more than 5 million bets, making it one of the most active decentralized sports betting exchanges on Monad [2][3]. The platform's innovative approach to sports betting, offering leveraged single-event bets with instant on-chain settlements and real-time odds, has resonated with users, addressing common industry issues of opaque ledgers and region-locked books [1].
The global sports betting market is on an upward trajectory, expected to grow from around $100 billion today to $187 billion by 2030 [1], or nearly $95 billion by 2029 [2]. With its innovative model, combining blockchain transparency with leveraged betting, Levr Bet is well-positioned to capture a significant share of this evolving market. As it prepares for its mainnet launch on Monad, the platform plans to expand beyond U.S.-centric sports like NFL to global sports such as soccer and cricket, indicating broad potential for growth and adoption [3].
Levr Bet has demonstrated strong traction during major sporting events, such as the 2025 NFL Super Bowl and NCAA March Madness, drawing high engagement in each sport [4]. The Co-Founder and GM of the Monad Foundation, Keone Hon, stated that Levr Bet has shown the potential of high-performance throughput and usability converging onchain [4].
The platform has also gained recognition within the broader crypto ecosystem, placing third at the inaugural Monad Madness in Fall 2024 and earning a finalist spot at the TOKEN2049 Singapore NEXUS Startup Pitch competition [6]. Looking ahead, Levr Bet is focused on expanding into new sports and new bet types ahead of Monad's mainnet launch [3].
With substantial funding, prototype validation, and a disruptive product model, Levr Bet has the potential to make a significant impact in the global sports betting industry through blockchain-driven innovation. The excitement of sports betting is combined with the transparency and capital efficiency of on-chain leverage in Levr Bet, offering a unique and promising solution for the future of sports betting.
References:
- Global Sports Betting Market: Growth, Future Prospects, and Competitive Analysis 2021-2030
- Levr Bet Raises $3 Million in Funding Round Led by Blockchain Capital and Maven 11
- Levr Bet Prepares for Mainnet Launch, Expands Sports Offerings
- Monad Foundation Co-Founder Praises Levr Bet's Performance and Usability
- Levr Bet's Funding Journey: From Seed to Series A
- Levr Bet Wins Third Place at Monad Madness and Reaches TOKEN2049 Singapore NEXUS Startup Pitch Final
ffnews.com might publish an article about Levr Bet, a decentralized sports betting exchange, that is planning to expand into various global sports such as soccer and cricket, aiming to capture a significant share of the growing $187 billion global sports betting market by 2030.
The technology behind Levr Bet, built on the Monad blockchain, offers leveraged single-event bets with instant on-chain settlements and real-time odds, addressing common industry issues of opaque ledgers and region-locked books. This innovative approach to sports betting has been recognized within the broader crypto ecosystem, with Levr Bet placing third at the inaugural Monad Madness and reaching the finalist spot at the TOKEN2049 Singapore NEXUS Startup Pitch competition.
