Levr Bet

Levr Bet is a decentralized sports betting exchange that integrates features of on-chain perpetual trading with traditional sports wagering. Founded in 2022 by a founder known as Mr. Blue, the platform enables users to place bets with up to 5x leverage, a feature designed to amplify potential returns. The company aims to provide a transparent betting environment by utilizing blockchain technology, giving users more control over their activities without intermediaries.

The platform operates on a model that combines decentralized finance (DeFi) principles with sports betting. It features an oracle-driven liquidation engine that provides real-time odds updates, supporting high-frequency, in-game betting. Users can trade their bet positions in real-time on an in-game exchange market, allowing them to enter or exit positions while games are in progress. Levr Bet's revenue model includes a hybrid fee structure, which aims to offer lower vigs (the bookmaker's commission) compared to traditional sportsbooks.

Levr Bet launched its testnet on the Avalanche and Monad blockchains in early 2025. The company has secured a total of $5.3 million in funding, including a $3 million seed round in August 2025 led by Blockchain Capital and Maven 11. During its beta testing phase, the platform recorded over 5 million bets from more than 600,000 unique wallets. Initially offering markets for MLB, NFL, and NBA, Levr Bet plans to expand to include soccer and cricket.

Keywords: decentralized sports betting, leveraged betting, crypto betting, DeFi, on-chain trading, sports book exchange, perpetual trading, blockchain technology, real-time odds, in-game trading, Avalanche blockchain, Monad blockchain, crypto gambling, tokenized bets, sports wagering