ChainCatcher news, the crypto betting platform BetHog has completed a $6 million seed round financing, led by 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and several angel investors including Eilers & Krejcik, LLC honorary partner Chris Grove, and Flutter Entertainment co-founder Josh Hannah.The company was founded by tech entrepreneurs Nigel Eccles and Rob Jones, who co-founded FanDuel in 2009. FanDuel is a leader in the U.S. sports betting market, with a market share of 42% in 2022.BetHog is built on Solana, with SOL as the supporting token for its PvP games. BetHog will also accept Bitcoin, ETH, and USDT in other games. After the first round of financing, BetHog will prioritize investment in product development while expanding its business through strategic partnerships. The company currently has 10 employees.

ChainCatcher news, on October 20, Turkish police confiscated $40 million worth of cryptocurrency and arrested 35 people spread across 8 cities on charges of operating illegal cryptocurrency betting platforms.It is reported that Turkish law enforcement has been monitoring this organization for a long time. The suspects were arrested for violating the "Law on Organizing Bets in Football and Other Sports Competitions." The arrest warrant mentioned a total of 46 suspects, with the remaining 11 still not found. (source link)