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**Levr Bet Raises $3M for Leveraged Sports Betting on Monad, Led by Blockchain Capital and Maven 11**
San Jose, Costa Rica – August 7, 2025 – Levr Bet, a pioneering sports betting platform, has secured a whopping $3 million in funding to pioneer leveraged sports betting on Monad, led by the prestigious Blockchain Capital and Maven 11. This significant development marks the culmination of their Pre-Seed round, which was initially fueled by Third Earth Capital with backing from notable investors such as Big Brain, DeWhales Capital, FunFair Ventures, Chorus One, and other prominent organizations.
The world’s first leveraged sports betting platform has gained immense traction in a remarkably short period. The impressive $3 million funding is a testament to the company’s innovative vision of combining high-performance throughput with usability on-chain, thereby revolutionizing the sports betting landscape.
As per recent data, over 500,000 unique wallets have placed an astonishing five million bets on Levr Bet’s testnet in less than six months. This remarkable achievement is a clear indication that mainstream consumers are embracing blockchain-powered sports betting, particularly around major sporting events like the NFL Super Bowl and NCAA March Madness, where engagement levels were exceptionally high.
Industry experts believe that this milestone marks the beginning of a new era in decentralized finance (DeFi) as Levr Bet’s innovative offering gains recognition within the broader cryptocurrency ecosystem. As a result, it secured its spot among other major fundraising deals for Monad-based apps, including Kuru, Perpl, FortyTwo, and Opinion Labs.
The company’s founder, Mr. Blue, expressed gratitude towards their lead investors Blockchain Capital and Maven 11, as well as all other contributors to this groundbreaking project. He further emphasized that Levr Bet aims to deliver an unparalleled decentralized betting experience to sports enthusiasts worldwide, allowing them to participate in the thrill of sports while leveraging blockchain for unparalleled transparency and financial efficiency.
Currently, Levr Bet offers markets on MLB, NFL, and NBA, with expansion into soccer, cricket, and novel bet types planned ahead of Monad’s mainnet launch.
Source: timestabloid.com
