(This is our summary of the podcast Nigel did in July 2024)
Discover the insights of Nigeleccles, founder of Bet Hog, in this podcast recap.
Learn about his:
🔥 Journey & why he’s building in crypto
🔥 Views on Crypto vs. regulated markets
🔥 Innovative plans for Bet Hog
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Nigel Eccles, tech entrepreneur and founder of Fan Duel, is now looking to shake up the crypto space with Bet Hog, a new sportsbook & casino.
With his extensive experience in both traditional and crypto gambling, Nigel brings a unique perspective to the table.
He’s often asked why he’s building Bet Hog in the crypto market instead of regulated ones.
He compares it to the early days of FanDuel & Flutter, facing legality questions. Crypto, despite its reputation, is where he sees the most innovation happening over the next 5 years.
Regulatory environments slow down new product development.
Nigel points out that regulations are time-consuming and expensive, stifling innovation.
In contrast, crypto offers a playground for new technologies, much like how Stake introduced an array of new games.
Competition varies greatly between crypto & regulated markets.
While the US market is dominated by a few big players, international crypto markets are teeming with competition.
Nigel notes the lack of substantial product development in regulated markets, making them stagnant.
In crypto, there’s room to innovate & differentiate.
Bet Hog Alpha is open
Bet Hog aims to make finding and placing sports bets easier, enhancing the overall experience to many existing crypto competitors.
Unlike onshore casinos, Bet Hog will focus on making the in-game betting experience more entertaining & engaging.
Traditional casino games often feel repetitive.
Nigel is surprised by the reliance on old slots with new skins.
Bet Hog seeks to break this monotony by introducing innovative games that blend skill & luck, catering to the preferences of the younger, crypto-savvy demographic.
PvP and skill-based games are key areas of focus for Bet Hog.
These games are hugely popular among young males and the crypto community.
Despite challenges like multi-accounting & cheating, Nigel believes in the potential of PvP games to attract and engage this audience.
PvP games offer a mix of skill and luck, ensuring that new players can still win while minimizing skill disparities.
This approach not only levels the playing field but also makes the games more exciting and less predictable, appealing to a broader audience.
Overcoming challenges like collusion & botting is crucial for Bet Hog’s success in PvP games.
Nigel acknowledges the conservative nature of traditional casinos but sees an opportunity to innovate & disrupt by offering something truly unique and engaging.
Crypto casinos have revolutionized marketing by leveraging influencers and streaming.
Nigel highlights how Bet Hog plans to use these strategies to build a vibrant and engaged community, setting it apart from traditional casinos.
Will Bet Hog move to regulated markets? Not anytime soon, says Nigel.
The focus is on rapid innovation and experimentation.
Eventually, Bet Hog might enter some regulated markets, but for now, the priority is to push boundaries and explore new possibilities.
Look forward to following Bet Hog’s journey. I’ve signed up to their alpha and will be trying their new platform.
Full pod link: https://x.com/nigeleccles/status/1811391544697524300
Thanks to Eilers & Krejcik Gaming & Brad Allen.
