November 22, 2024

Why The Founder of FanDuel Thinks The Future of Betting Is Onchain

1 hour 9 minutes

Nigel Eccles is the Founder and former CEO of FanDuel, and now the Founder/CEO at BetHog.

In this episode, Nigel shares his journey through the intense regulatory battles that defined FanDuel’s rise, what drew him to crypto despite similar challenges, and why he believes building on a blockchain (Solana) offers the perfect design space for the future of gambling and sports betting. We also explore how BetHog—his new crypto-native casino and sportsbook—sets itself apart from traditional platforms and the unique opportunities building onchain brings to the table.

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Timestamps

0:00 - Intro

3:07 - Background

4:49 - History of DFS battling regulators

8:27 - How did FanDuel ensure regulation didn’t kill DFS?

15:17 - Why does Web3 offer a better design space for betting?

20:38 - What do we need to bring more betting onchain?

24:05 - Thoughts on Polymarket and prediction markets

31:29 - Mantle mid-roll

32:10 - Why Nigel’s a fan of memecoins

39:58 - What is BetHog?

44:15 - What's possible with GambleFi built onchain?

46:40 - Betting on crypto native users vs net new users

48:58 - Why BetHog launched on Solana

52:17 - The challenge vs opportunity as a builder with new networks

59:39 - Puffer Finance mid-roll

1:00:24 - Ideas for community building with BetHog

1:03:17 - Lessons from FanDuel for BetHog

1:07:10 - Closing

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🔗 Guest Links 🔗

► BetHog Website: https://www.bethog.com/

► BetHog on X/Twitter: https://x.com/playBetHog

► BetDEX on X/Twitter: https://x.com/betdexlabs

► Nigel Eccles on X/Twitter: https://x.com/nigeleccles

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If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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