According to BlockBeats, on August 2, the Arbitrum-based prediction market DuelNow successfully raised $11 million in funding. The financing round was led by GEM Digital Limited, with participation from Litecoin founder Charlie Lee and Dogecoin founder Billy Markus.
DuelNow is a decentralized peer-to-peer entertainment prediction platform designed to offer lower fees and higher returns by 'eliminating the bet.' The company currently caters to fans of the NFL, MLB, NBA, and MMA, with plans to expand its entertainment offerings in the future.
