Levr.bet Secures $3 Million Seed Funding to Advance Web3 Leveraged Sports Betting on Monad

Executive Summary

Levr.bet, a new Web3 sports betting exchange, has successfully completed a $3 million seed funding round. Led by Blockchain Capital and Maven 11, this investment brings the platform's total fundraising to $5.3 million since 2024. The capital infusion is directed towards advancing Levr.bet's offering of on-chain perpetual futures and prediction markets, aiming to disrupt the traditional sports betting industry by leveraging blockchain technology, primarily on the Monad network.

The Event in Detail

Levr.bet announced on August 7, 2025, the closure of its $3 million seed funding round. The round saw participation from prominent Web3 venture capital firms Blockchain Capital and Maven 11. This recent capital injection contributes to a total of $5.3 million raised by Levr.bet since 2024. The platform positions itself as the world's first Leveraged Sports Book Exchange, integrating features of sports betting with on-chain perpetual trading to deliver a Decentralized Finance (DeFi) experience. The platform is built on the Monad blockchain, with planned multichain expansion to Avalanche C-Chain and Hyperliquid via LayerZero technology.

During its five-month testnet beta phase, Levr.bet processed over 5 million bets from more than 600,000 unique wallets, establishing it as the most active decentralized sports betting exchange on the Monad testnet. This testnet activity included significant engagement during major sporting events such as the 2025 NFL Super Bowl and NCAA March Madness. Currently offering markets for MLB, NFL, and NBA, Levr.bet plans to expand into soccer, cricket, and introduce new bet types in anticipation of Monad's mainnet launch. The platform's unique features include an on-chain order book and liquidation engine, offering leveraged single-event bets with multipliers, which provides users with a higher risk-adjusted expected value compared to conventional options.

Market Implications

This funding round validates the burgeoning Web3 sports betting sector, potentially attracting further investment and talent into the space. Levr.bet aims to establish a new standard for on-chain, leveraged sports wagering, which could significantly disrupt traditional markets. The global sports betting market, projected to reach nearly $95 billion by 2029 and $187 billion by 2030, currently relies on opaque ledgers and region-locked systems. Levr.bet seeks to address these limitations by offering real-time odds discovery, deep global liquidity, and instant settlement through transparent smart contracts.

The platform's reliance on Monad positions it as a flagship application for the high-performance Layer 1 blockchain, demonstrating the potential for high-throughput and usability in decentralized applications. Its multichain strategy across Avalanche, Monad, and Hyperliquid aims to broaden its user base and leverage the distinct advantages of each chain, such as Avalanche's reduced transaction fees and high-speed confirmation times for in-game betting.

Expert Commentary

Sterling Campbell, Investor at Blockchain Capital, highlighted the broader significance of Levr.bet's approach, stating, > "Levr is an example of how blockchain can move beyond speculation into real-world use cases with strong mainstream interest." This perspective underscores the potential for blockchain technology to impact industries beyond traditional financial speculation.

Keone Hon, Co-Founder and GM of the Monad Foundation, also commented on the platform's performance, noting, > "Levr Bet has shown a glimpse of what's possible when high-performance throughput and usability converge onchain." This emphasizes the technical capabilities that Monad provides, enabling the complex, real-time demands of a leveraged sports betting exchange.

Mr. Blue, Founder of LEVR Bet, articulated the excitement around the product: > "The thrill of leverage sports betting is unmatched in the betting world."

Broader Context

Levr.bet's business model diverges from traditional sportsbooks by employing token incentives to foster user ownership and reduce customer acquisition costs (CAC). This approach contrasts with the heavy marketing expenditure of conventional operators. Furthermore, by inviting outside liquidity providers to supply capital to betting pools, Levr.bet aims to lower its cost of capital and deepen liquidity, rather than maintaining a large balance sheet. This strategy allows users to "own the platform" and provides larger bettors with an alternative to traditional platforms that may limit or throttle successful accounts.

The platform's development aligns with three significant trends in the Web3 ecosystem: the growth of perpetual futures, the emergence of prediction markets, and the increasing adoption of consumer-focused blockchain applications. Each of these categories now supports substantial user bases and billions of dollars in monthly volume. Levr.bet's focus on solving issues related to opaque ledgers, limited liquidity, and unfavorable risk-adjusted returns in traditional sports betting positions it as a significant player in the evolving landscape of decentralized finance and real-world blockchain utility. The team behind LEVR comprises individuals with backgrounds in blockchain, sports betting fund management, and extensive development experience, which is critical for navigating the complexities of this innovative sector.