About Web3 Gambling
There are 910 companies in the Web3 Gambling sector across the world, with 112 funded companies having collectively raised $500M in venture capital money and private equity. Overall 27 of these are Series A+ funded.
Web3 Gambling sector has seen 6 acquisitions and 9 IPOs.
This sector includes web3 gambling refers to the integration of blockchain technology into online gambling and sports betting platforms, creating decentralized ecosystems and allowing players to own, trade, and sell in-game assets like Non-Fungible Tokens (NFTs) or cryptocurrencies.
Web3 Gambling sector is also known as Web 3 Betting.
Companies included in Web3 Gambling sector
Includes all blockchain-based gambling and sports betting platforms enabling transactions of cryptocurrencies or NFTsCompanies excluded in Web3 Gambling sector
Excludes real money gambling, opinion trading, real money sports betting, casual gaming, and any gambling or gaming platform that does not involve decentralized betting or gamblingMarket Map of Web3 Gambling
The market map of Web3 Gambling gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Reports related to Web3 Gambling
Here are some reports related to Web3 Gambling sector:
Free
Web3 Gambling - Sector Report
Edition: February, 2025 (56 Pages)Premium
Web3 Gambling Investor Landscape
Edition: August, 2025 (12 Pages)
View all reports related to Web3 Gambling. Sign up today!Top Companies in Web3 Gambling
There are more than 910 companies in Web3 Gambling. BetHog is the top Web3 Gambling company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Web3 Gambling companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of an online crypto casino and sports betting platform | Laxia (Cyprus) | 2024 | Series A | $16.4M | |
Online crypto-based gambling platform offering diversified betting services | San Francisco (United States) | 2014 | Series A | $5.1M | |
Fantasy eSports betting platform | Douglas (United Kingdom) | 2014 | Acquired | $10M | |
Provider of a crypto-based pool lottery gambling platform | 2016 | Seed | $4.42M | ||
Decentralized crypto exchange and crypto-betting platform | Hiroshima (Japan) | 2020 | Seed | - |
Companies founded year-on-year in the Web3 Gambling sector
153 Web3 Gambling startups were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 8 |
2024 | 46 |
2023 | 78 |
2022 | 119 |
2021 | 153 |
2020 | 81 |
2019 | 48 |
2018 | 60 |
2017 | 40 |
Companies founded across countries in the Web3 Gambling sector
United States has 151 Web3 Gambling startups, the most by any country, followed by United Kingdom which has 137 startups and Curacao which has 66.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 151 |
United Kingdom | 137 |
Curacao | 66 |
Germany | 41 |
India | 23 |
Canada | 22 |
Cyprus | 21 |
China | 16 |
Costa Rica | 14 |
Iceland | 12 |
Stage-wise distribution of the Web3 Gambling sector
Out of the total 910 Web3 Gambling companies, 112 have secured funding. Among them, 27 have reached Series A or higher, and 17 to Series B or beyond.
Founded - 910
Funded - 112
Series A+ - 27
Series B+ - 17
Series C+ - 15
Company Stage | No. of companies |
|---|---|
Founded | 910 |
Funded | 112 |
Series A+ | 27 |
Series B+ | 17 |
Series C+ | 15 |
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- 905+ Total Companies
- $500M+ Total Funding
- 110+ Funded Companies
- 5+ IPOs
- 5+ Acquisitions
Funding Trends in the Web3 Gambling sector
Total funding year-on-year in the Web3 Gambling sector
The Web3 Gambling sector saw a total funding of more than $461M in the last 10 years. The most amount of funding was in 2021 at more than $117M. There has been a total funding of $21M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $21M |
2025 | $18.1M |
2024 | $90.4M |
2022 | $73.5M |
2021 | $117M |
2020 | $8.59M |
2019 | $113M |
2018 | $3.33M |
2017 | $16M |
Total funding across countries in the Web3 Gambling sector
In the last 10 years, Web3 Gambling startups in Singapore have recieved the highest funding among all countries - $111M. United States follows with $101M and Curacao with $53.6M.
- Total Funding
Country | Total Funding |
|---|---|
Singapore | $111M |
United States | $101M |
Curacao | $53.6M |
Estonia | $50.2M |
Cyprus | $21.4M |
United Kingdom | $17.8M |
Canada | $10.5M |
France | $8.63M |
Germany | $4.56M |
China | - |
Total funding amount raised by stage in the Web3 Gambling sector
Over the last 10 years, the Web3 Gambling sector have seen $64.2M into Seed Stage funding rounds, $154M into Early Stage funding rounds and $50M go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
ICO | $184M |
Early Stage | $154M |
Seed Stage | $64.2M |
Late Stage | $50M |
Post IPO | $7.82M |
Debt | $1.58M |
Grant | $54.9K |
Recent Funding Rounds in Web3 Gambling
In the year 2026, till February 2026, Web3 Gambling companies have raised $21M in equity funding across 1 round.
Here are some recent, important funding rounds in Web3 Gambling:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series B | 4367 | Feb 03, 2026 | and 2 more | |
Series A | 2864 | Nov 24, 2025 | - | |
Series A | 5079 | Mar 18, 2025 | ||
Series A | 3597 | Nov 20, 2024 | ||
Seed | 7634 | Nov 12, 2024 |
Top Investors in Web3 Gambling
HHS is the top investor in Web3 Gambling companies based on number of companies invested.
Here are some top investors in Web3 Gambling:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
San Francisco (United States) | ||
Shanghai (China) | ||
San Francisco (United States) | ||
Palo Alto (United States) | BetDEX and MonkeyTilt |
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M&A activity in Web3 Gambling
In the year 2024, till May 2024, 3 acquisitions happened in Web3 Gambling sector.
Here are some recent, important acquisitions in Web3 Gambling:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 17, 2024 | - | |
Business Acquisition | Apr 16, 2024 | ||
Business Acquisition | Feb 06, 2024 | ||
Business Acquisition | Aug 12, 2021 | ||
Business Acquisition | Feb 09, 2021 |
Acquisition trends in Web3 Gambling
Here are the acquisition trends in Web3 Gambling:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 3 |
2023 | - |
2022 | - |
2021 | 2 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Web3 Gambling
In the year 2016, till August 2016, 1 IPO happened in Web3 Gambling sector.
Here are some recent, important IPOs in Web3 Gambling:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Aug 03, 2016 | Canadian Securities Exchange (CSE) | |
Dec 03, 2009 | Canadian Securities Exchange (CSE) | |
Aug 18, 2006 | Euronext Exchange (Euronext) | |
Jun 17, 2005 | Toronto Stock Exchange - Venture Exchange (TSX-V) |
Colleges which produce the most Web3 Gambling companies
Companies founded by alumni from top colleges in the Web3 Gambling sector
Most number of Web3 Gambling startups have been founded by alumni from University of Pennsylvania, Copenhagen Business School and Cornell University.
College | No. of companies |
|---|---|
University of Pennsylvania | 2 |
Copenhagen Business School | 1 |
Cornell University | 1 |
Harvard University | 1 |
McGill University | 1 |
New York University | 1 |
Sciences Po | 1 |
Singapore Management University (SMU) | 1 |
The Wharton School | 1 |
University of Bristol | 1 |
Total funding in companies founded by alumni from top colleges in the the Web3 Gambling sector
In the last 10 years, University of Pennsylvania graduates' Web3 Gambling companies have raised the most funding among top colleges. University of Michigan - Stephen M. Ross School of Business alumni are second, and University of Warwick alumni are third.
College | Total Funding |
|---|---|
University of Pennsylvania | $29.4M |
University of Michigan - Stephen M. Ross School of Business | $21M |
University of Warwick | $16.4M |
Sciences Po | $5.77M |
McGill University | $5.3M |
New York University | $5.3M |
University of Toronto | $2.7M |
Copenhagen Business School | - |
Cornell University | - |
Harvard University | - |
Top News in Web3 Gambling
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X Games and Stake Announce Groundbreaking Global Partnership to Revolutionize Action Sports BettingiGaming Business•Jan 23, 2026•X Games, Stake, X
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BC.GAME Named Exclusive Gaming Partner of Crypto Fight Night 2025The Daily Hodl•Dec 02, 2025•X, BC.Game
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Utila Secures $22M Extension Round, Valuation Triples Due to Stablecoin Infrastructure Demandintelligence360•Sep 18, 2025•SilverCircle, Utila, FunFair, Digital Currency Group and 4 others
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Uniswap and Pancakeswap Set to Provide Lightchain AI Swaps on LaunchBitcoin•Mar 27, 2025•Uniswap, PancakeSwap
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Thunderkick partners with pioneering streaming provider LivespinsiGaming Business•Nov 26, 2024•Thunderkick, Livespins
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