Chris Griffin of Betable
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Betable raises $18.5M for real-money gambling mobile platform

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Betable, which makes a platform to convert mobile social casino games into real-money gambling titles, announced that it has raised $18.5 million in a new round of funding led by Venture51.

The San Francisco company said it will use the capital to fund its plan to build the future of “real-money play.” That very choice of words suggests what Betable’s ambitions are. Betable provides a platform that takes a social casino game — where players may pay real money for virtual goods but mostly play the game for free — and convert it so that it can meet compliance regulations as a real-money gambling game.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.