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
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