Social gaming developer raises $3 million

Jarrod Epps’s social gaming enterprise BuddyBet received a major boost this week with $3 million in private investor funding.

The Prague-based company, which is focused on sports betting distinguishes itself from traditional online gambling and gaming websites by allowing people to bet against other BuddyBet users instead of playing against the site itself, the publication VentureBeat reported Tuesday.

Three types of betting are allowed on the site: direct user-to-user bets, open market bets, and external link bets that allow users to post links via their social networks.

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