Crypto casino startup Yeet.com has raised $7.75 million in a seed funding round led by Dragonfly, with participation from prominent angel investors including Pudgy Penguins CEO Luca Netz and LayerZero CEO Bryan Pellegrino. The company aims to build what it calls “Crypto’s Casino,” a gambling platform created by and for the crypto-native community.

Yeet Launches With Backing From Crypto Heavyweights

Founded by pseudonymous crypto figures Mando and Keyboard Monkey, along with professional poker player Ben Lamb, Yeet plans to offer a mix of traditional and crypto-themed casino games. The platform’s branding and gameplay will draw heavily on crypto culture, with the goal of resonating with traders, DeFi users, and NFT collectors who are familiar with the high-risk, high-reward dynamics of the space.

“Yeet's tagline is Crypto's Casino—meaning it’s built by crypto people, for crypto people,” said Mando in a statement to Decrypt. “We use crypto as payment rails, but it’s much more than that—our brand, team, and even the games themselves are deeply ingrained in crypto culture.”

Yeet’s games will include staples like blackjack and roulette, but also unique offerings that replicate common experiences in the crypto world. These include games inspired by minting NFTs, trading meme coins, and falling victim to “rug pulls”—a term used when a project suddenly vanishes with investors’ funds. While the platform will initially avoid on-chain games, it may explore provably fair gaming using verifiable on-chain randomness in the future.

“Crypto users love risk,” said co-founder Keyboard Monkey. “They already trade with 100x leverage, buy random meme coins, and gamble on everything from airdrops to NFTs. When trading slows down like now, we still want fast-paced gambling experiences that feel native to our world.”

To ensure easy access for its users, Yeet will also launch a Telegram bot for gameplay, following the model of several popular meme coin trading bots. The team believes that combining social and transactional access via Telegram will drive user adoption and engagement.

The founders also hope their deep roots in the crypto space will help Yeet stand out from established competitors like Stake, Rollbit, and Shuffle. According to Lamb, the platform’s crypto-native approach is its key differentiator. “Yeet isn’t trying to compete with these platforms,” he said. “We’re offering something they don’t. We are Crypto's Casino.”

Casino to Combine Traditional Games

Yeet is planning a points-based reward system that will lead to an airdrop in the future. A multi-tier affiliate program and a VIP rewards scheme are also in development. The team is working with influential traders, meme account operators, and crypto founders to build a strong user base through community incentives.

Yeet will operate under Anjouan and Curacao licenses. Due to legal restrictions, users in the United States will not be able to participate. Instead, the platform will target markets in Asia, Latin America, Africa, Canada, and select European countries where crypto gambling demand is growing rapidly.

Users will be able to deposit and play using assets from Ethereum-compatible chains, Solana, and Bitcoin, offering flexibility across several popular crypto networks.

As Yeet gears up for launch, it joins a growing number of startups blending crypto culture with online gambling, aiming to create platforms that speak directly to the interests and behaviors of the web3 community.