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DuelNow
Peer-to-peer sports prediction platform using cryptocurrency
About DuelNow
DuelNow is a decentralized, peer-to-peer social sports prediction market. The platform allows users to engage in skill-based competitions by setting their own odds and competing directly against other fans, rather than a central house. This model aims to provide a more transparent and user-controlled environment with low fees and no betting limits. Transactions on the platform are conducted using cryptocurrency, specifically its native token, $DUEL.
The company was co-founded by David Gzyl and George Paraskevakos. Gzyl, serving as the CTO, has a background in software engineering, having worked for companies like Amazon and as a lead software engineer at Uber. Paraskevakos, the CEO, brings experience from the sports and entertainment marketing world, including his role as CEO of GPAR Marketing. The platform operates in the GameFi sector, blending online gaming with decentralized finance. It targets sports fans who are also cryptocurrency users, offering them a way to monetize their sports knowledge. The business model is built around a 'winner-takes-all' system for the duels, with the platform taking a small fee from the prize pool.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEED✓Equity / VC | Aug 2024 | $11M | $44M | Charlie Lee · GEM Digital | ↗ |
Growth signals
Latest recorded traffic for DuelNow is 20 monthly website visits, down 88.9% over the last three months. DuelNow's team declined 14.3% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Charlie Lee
GEM Digital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about DuelNow on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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