Arbitrum-based DuelNow, led by SimonYuSEA, has secured $11 million in funding as the Web3 betting market gains momentum.

The funding aims to enhance DuelNow’s prediction market platform, which leverages blockchain technology to disrupt the traditional centralized sports betting model.

The platform offers decentralized, peer-to-peer transparent bets without a house, providing a new level of transparency and fairness in sports betting. This investment highlights the growing interest and potential in blockchain-based betting solutions.

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