Levr Bet Secures $3M Funding for Leveraged Sports Betting on Monad Blockchain

Levr Bet has raised $3 million in a seed round led by Blockchain Capital and Maven 11, bringing its total funding to $5.3 million since 2024. The platform, built on Monad, is pioneering Leveraged sports betting on blockchain, capitalizing on a global sports betting market projected to reach $95 billion by 2029.

During its testnet phase, Levr Bet demonstrated significant traction, with over 600,000 unique wallets placing more than 5 million bets in just five months. This activity positions it as the most active decentralized sports betting exchange on Monad's testnet.

"Levr Bet showcases the potential of high-performance blockchain applications," said Keone Hon, Co-Founder and GM of the Monad Foundation. The platform's success on testnet underscores the growing convergence of real-world utility and decentralized technology.