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Midnite raises $2.5M for its esports betting platform

Midnite, the London-based esports betting startup from the same team behind daily fantasy football app Dribble, has raised just over $2.5 million in funding.

Noteworthy, although operating in an invite-only beta, the startup has already acquired a betting license in the U.K., which Wright points out is the biggest betting market in the world.

He says this makes Midnite the only dedicated esports betting platform that accepts customers in the U.K, and that the company is focused on operating globally in jurisdictions that can legally accept customers.

Many operators offering esports betting would not be licensed, were not taking responsible gambling seriously or even performing age verification checks.

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