Levr Bet
Levr Bet is a crypto-native leveraged sports betting platform built on the Monad blockchain, serving individual sports bettors globally with on-chain leveraged position placement and a transaction-fee revenue model.
- Company typePrivate
- Founded2023
- HeadquartersNew Orleans, United States
- Headcount—
- GTM typeB2C
- OfferingSoftware
What Levr Bet does
Levr Bet is a privately held startup that operates a leveraged sports betting platform built on the Monad blockchain, enabling users to place leveraged positions on sports outcomes with on-chain settlement. The company was founded around 2023 and has progressed through a testnet phase that reportedly accumulated over 600,000 wallets and 5 million bets placed, indicating strong early user engagement ahead of a mainnet launch. Its product surface is concentrated on a single platform offering — leveraged sports betting — with stated plans to expand coverage into additional sports categories.
The business model is structured around transaction fees on betting activity, consistent with on-chain sportsbook mechanics, though specific fee rates, spread economics, or revenue-sharing terms are not disclosed in available sources. Go-to-market is product-led and direct-to-consumer via the levr.bet web application, targeting individual sports bettors globally with a horizontal segmentation approach. The company has raised approximately $5 million across two funding rounds: a $2 million round in January 2024 led by Kobol Fund and Third Earth with participation from Avalaunch, Big Brain Holdings, Chorus One, and L2 Iterative Venture, followed by a $3 million seed round in August 2025 co-led by Blockchain Capital and Maven 11.
Capital deployment is directed toward continued platform development on Monad, ecosystem buildout, and likely team expansion, though headcount, regulatory posture, and operational geographies are not disclosed. Customer concentration is de minimis given the B2C retail orientation, and the absence of disclosed revenue, headcount, or compliance certifications reflects an early-stage, pre-mainnet commercial posture.
Levr Bet firmographics
Firmographics- Name
- Levr Bet
- Website
- https://levr.bet
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Short description
- Levr Bet is a crypto-native leveraged sports betting platform built on the Monad blockchain, serving individual sports bettors globally with on-chain leveraged position placement and a transaction-fee revenue model.
- Ownership category
- akta.pro rank
Levr Bet industry classification
Industry- Product category
- Crypto Sports Betting
- NAICS
- Gambling Industries (7132)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Betting Exchanges & Peer-to-Peer Sports Betting (MPAEACAL)
- akta.pro secondary industries
- Leveraged Tokens & Synthetic Leveraged ETPs (Crypto) (FSADAGAF), Peer-to-Peer Financial/Spread Betting Exchanges (MPAEAIAC)
Keywords
Where Levr Bet is headquartered
LocationHeadquarters
- HQ city
- New Orleans
- HQ country
- United States
- HQ region
- North America
Markets served
Levr Bet business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Sports Betting Platform Revenue: Levr Bet generates revenue through its leveraged sports betting platform, though specific revenue model mechanics are not detailed in available sources.
Go-to-market motion1 record
Distribution channels1 record
Levr Bet product offering
Product offeringCore offering
Levr Bet operates a leveraged sports betting platform built on the Monad blockchain. It enables individual users to place leveraged bets on sports outcomes with amplified position sizes, leveraging blockchain infrastructure for execution and settlement. The platform gained significant testnet traction with over 600,000 wallets and 5 million bets placed.
Product overview
Levr Bet is a single unified leveraged sports betting platform built on the Monad blockchain. The platform allows users to place leveraged bets on sports events and has gained significant traction during its testnet phase with over 600,000 wallets and 5 million bets placed.
Differentiator
Problem solved
Functional benefit
Products and services
- Levr Bet Platform A leveraged sports betting platform built on the Monad blockchain that enables individual sports bettors to place leveraged bets on sports outcomes with amplified positions, settled via decentralized wallet-based execution.
Quantifiable outcome
- 600,000+ wallets and 5 million bets placed during testnet phase
Companies that use Levr Bet
Customer profileSegments1 record
Ideal customer profiles1 record
Levr Bet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Levr Bet partnerships and signals
Strategic signalScale indicators1 record
Recent moves2 records
Expansion highlights4 records
Levr Bet competitors and assessment
Company assessmentDirect peers
- Thales: On-chain binary options protocol covering sports and crypto markets. Comparable as a decentralized venue where users take leveraged positions on event outcomes.
- Overtime Markets: Decentralized sports betting exchange offering parlay and leveraged sports markets on-chain. Closely comparable to Levr Bet's leveraged sports betting model with similar target user.
- BetDEX: Sports betting exchange built on the Solana blockchain with peer-to-peer matching. Comparable to Levr Bet as a chain-native, exchange-style sports betting product.
- Azuro Protocol: Decentralized sports betting liquidity layer operating on multiple EVM chains. Comparable to Levr Bet as a sports-focused, blockchain-based betting infrastructure provider.
- BetFury: Crypto sportsbook and casino with leveraged betting features and token-based incentives. Comparable to Levr Bet in serving crypto-native sports bettors with on-chain execution.
- Rollbit: Crypto casino and sportsbook offering leveraged sports and futures products. Comparable to Levr Bet in combining leveraged sports betting with a crypto-native audience.
- Polymarket: Leading on-chain prediction market with leveraged sports and event exposure. Directly comparable to Levr Bet as a crypto-native venue where users trade positions on real-world outcomes.
- SX Bet: On-chain sports betting exchange with peer-to-peer order books. Directly comparable to Levr Bet in offering leveraged, exchange-style sports wagering on crypto rails.
Broad incumbents
- DraftKings: Major US-regulated online sportsbook and casino operator. Comparable as the dominant incumbent in retail/online sports betting that Levr Bet's decentralized product competes against for the same end user.
- FanDuel: One of the largest online sportsbooks in North America with deep liquidity and brand. Comparable to Levr Bet as the dominant retail-style incumbent against which on-chain leveraged products must differentiate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Levr Bet social profiles
Digital presenceLevr Bet financial estimates
Financial estimateRevenue estimate
Valuation estimate
Levr Bet leadership team
Management profileNumber of profiles
Levr Bet funding detail
Funding detailFunding overview
Funding rounds2 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Levr Bet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Levr Bet
What does Levr Bet do?
Levr Bet operates a leveraged sports betting platform built on the Monad blockchain. It enables individual users to place leveraged bets on sports outcomes with amplified position sizes, leveraging blockchain infrastructure for execution and settlement. The platform gained significant testnet traction with over 600,000 wallets and 5 million bets placed.
Is Levr Bet a public or private company?
Levr Bet is a private company. It is classified as venture growth investor backed and is currently operating.
When was Levr Bet founded?
Levr Bet was founded in 2023.
Where is Levr Bet based?
Levr Bet is headquartered in New Orleans, United States, in the North America region.
How does Levr Bet make money?
One revenue line is on record: sports Betting Platform Revenue.
Who are Levr Bet's main competitors?
Direct peers on record are Thales, Overtime Markets, BetDEX, Azuro Protocol, BetFury, Rollbit, Polymarket and SX Bet. Broad incumbents are DraftKings and FanDuel.
Does Levr Bet have an API?
No public API is recorded for Levr Bet.
What industry is Levr Bet in?
Levr Bet's product category is Crypto Sports Betting. Its primary akta.pro industry code is MPAEACAL, Betting Exchanges & Peer-to-Peer Sports Betting, with a secondary code of FSADAGAF, Leveraged Tokens & Synthetic Leveraged ETPs (Crypto). Its NAICS code is 7132 and its SIC code is 6200.