Following last year’s crackdown on online poker sites, Betabeat figured Bitcoin was the best bet for online gambling. But did you know betting on horse races is legal online? We didn’t, but three brothers, Tom, Walter and Billy Hessert, did—and they’re creating an addictive online gambling site to take advantage of that fun little fact. “It’s 80 percent gambling and 20 percent horses,” Tom Hessert, cofounder of a young startup called DerbyJackpot, told Betabeat today.
DerbyJackpot has a former Zynga designer as an advisor, Freakonomics author and economist Steve Levitt as an advisor, and a mysterious “billionaire investor” who the cofounders say has given the startup $1 million in seed money. Read More