Yeet, a newly launched crypto casino and sportsbook, has successfully raised $7.75 million in a funding round led by prominent venture capital firm Dragonfly.
The round also saw participation from influential figures in the crypto space, including Pudgy Penguins CEO Luca Netz and LayerZero CEO Bryan Pellegrino.
The platform was founded by seasoned crypto personalities Michael Anderson (Mando), pseudonymous trader Keyboard Monkey, and professional poker player Ben Lamb.
Leveraging their deep roots and credibility within the crypto community, the founders aim to position Yeet.com as the go-to destination for crypto-native gamblers and betting enthusiasts.
Speaking about the platform’s vision, Anderson emphasized that Yeet is more than just another gambling site using digital assets for payment.
“Yeet’s tagline is Crypto’s Casino—it’s built by crypto people, for crypto people,” Anderson told Decrypt. “Our brand, team, and even the games themselves are deeply ingrained in crypto culture.”
By blending crypto-native branding, seamless blockchain payment rails, and curated gaming experiences, Yeet.com plans to establish itself as a leader in the growing on-chain gambling ecosystem.
Yeet to Blend Classic Casino With Crypto-Native Experiences
Yeet.com plans to differentiate itself by offering a mix of traditional casino staples alongside uniquely crypto-inspired games tailored to the digital asset community.
The platform will feature familiar titles like blackjack and roulette. Still, it will also roll out innovative games that echo common crypto themes—such as mimicking NFT minting, meme coin trading, and even the high-risk experience of getting “rugged” in DeFi protocols.
Initially, the focus will be on delivering high-stakes, entertainment-driven gambling experiences rather than fully on-chain provably fair systems.
However, the team has indicated that future updates may incorporate verifiable on-chain randomness (VRF) to offer transparent, tamper-proof gaming outcomes—a feature increasingly popular in decentralized gambling platforms.
Additionally, Yeet plans to meet crypto users where they spend much of their time: Telegram. The platform is developing a Telegram bot interface, enabling users to engage directly with its casino and upcoming sportsbook offerings through the messaging app.
This approach mirrors the success of Telegram-based meme coin trading bots, further solidifying Yeet’s appeal to the crypto-native crowd.
Yeet Eyes Emerging Markets to Challenge Crypto Casino Giants
While established names like Stake, Shuffle, and Rollbit currently dominate the crypto gambling scene, Yeet’s founders believe their platform’s deep integration with crypto culture gives them a competitive edge.
Co-founder Ben Lamb noted that Yeet’s strong ties to the crypto-native community and unique game offerings position it to capture a meaningful market share.
However, Yeet’s operational scope will not include the U.S. market. Operating under Anjouan and Curacao licenses, the platform is restricted from serving U.S. residents.
Instead, Yeet plans to focus on fast-growing markets in Asia, Latin America, Canada, Africa, and select European regions, where demand for crypto casinos is surging.
Additionally, Yeet is prioritizing flexibility for its users by supporting deposits across multiple blockchain networks. Players can fund their accounts using Ethereum-compatible chains, Bitcoin, and Solana, providing wide accessibility and convenience for a global crypto-savvy audience.
Quick Facts:
- Yeet.com raised $7.75 million in a funding round led by Dragonfly, with participation from major crypto figures like Luca Netz and Bryan Pellegrino.
- The platform was founded by well-known crypto personalities Michael Anderson (Mando), Keyboard Monkey, and Ben Lamb.
- Yeet aims to differentiate itself as “Crypto’s Casino,” blending traditional casino games with crypto-native experiences.
- The platform supports deposits across Ethereum-compatible chains, Bitcoin, and Solana, focusing on markets in Asia, Latin America, Canada, Africa, and select European regions.
