NYC-based Kutt, a provider of a social betting platform, secures over $1million in funding. The round was led by Lightning Capital.
The firm plans to put the money into improving its community-building, user experience, and betting market expansion projects.
Under the direction of CEO and Founder Sim Harmon, Kutt offers THE THE social Betting PlatformTM, a social-first P2P betting platform where users may wager directly against one another on events with verifiable outcomes, such as pop culture, politics, sports, and other events.
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With user profiles, chat features, betting leaderboards, head-to-head histories, and fan groups for people with similar interests, the site resembles a social network for bettors.Kutt also provides completely adjustable odds. With it, users may design their own wagers and terms, and they will receive cash back for each wager they place on the website.
Sim Harmon said: “If anything, bettors unquestionably prefer a more curated, social experience — they want to be part of a wider community and to be part of the conversation around sports, entertainment, and important events.”
About Kutt
With Kutt, friends and strangers may compete against one another in a range of competitions by using their knowledge of politics, pop culture, and sports. It is a peer-to-peer (P2P) sports and social gaming platform.
Put an end to your discourse and begin your competition. With its unique blend of social media, sports, and competitive fun, Kutt is the perfect social gaming platform.
