Mobile Platform for Legal Gambling
Safe, legal online gambling isn’t available for most Americans. As a result, an estimated $380 billion is bet on the “black market” every year.
Derby Games is making online gambling available to everyone. Its mobile platform combines online gaming with social media, enabling users to place bets safely and legally.
Users have placed more than $75 million in bets through Derby Games. The company has a partnership with Xpressbet, a leader in the gaming industry, and PayPal to ensure bets are kept secure.
Derby Games raised $6.1 million in a Series A funding round, which included an investment from Reddit co-founder Alexis Ohanian. Currently, the platform enables users to place bets on horse racing. However, it hopes to soon offer additional sports and contests to users in the future.
A VC firm that’s invested in successful early-stage companies including FanDuel, Life360, and Mango Health.